XCAD Network
XCADThe content creator tokenisation platform
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Project Overview
XCAD Network is a global platform that harnesses the power and value of content creator audiences through tokenization of creators, enabling viewers to earn rewards and govern creators' decisions through a plugin that works directly on YouTube.
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XCAD Network ceases operations after five years, considering open-sourcing its code
Odaily News, XCAD Network announced on X platform that the company has no remaining funds, and staying on the exchange is a losing battle; products and services are no longer maintained. The company has been operating for five years and is one of the few companies that persisted this long without a T1 listing. After retail investors left the space, fan tokens failed to take off; attempts to pivot toward AI influencers were also unsuccessful, and there are no funds left to continue operations.XCAD Network is considering open-sourcing its code for those interested to run it. This is not a continuation of the company's operations, nor is it a restart.
XCAD Network has officially announced the cessation of operations, having ceased updates since April.
The official X account of XCAD Network announced that the project has officially ceased operations. The announcement stated that the company has halted updates since April, all funds are now fully depleted, maintenance for all products and services has been suspended, and it can no longer afford the costs of maintaining its exchange listings. Operating for five years since its founding, XCAD Network previously attempted to pivot from the fan token sector to AI virtual influencers, but the transition was unsuccessful, and there are now no remaining funds to support continued operations.