BitWell Labs and XCarnival have reached a strategic partnership to co-build a more user-friendly Metaverse ecosystem
BitWell Labs, the venture capital and innovation incubation arm of BitWell, is joining XCarnival to build the next-generation Metaverse Assets Liquidity Aggregator for Everyone, as a strategic partner.
Through this strategic partnership, BitWell Labs and XCarnival will share resources to help aggregate Metaverse asset liquidity and build a more user-friendly Metaverse ecosystem. BitWell Labs and XCarnival will work together to foster a deeper integration on NFT utility, infrastructure construction and marketing, aiming to jointly help promote the governance and development of the Metaverse ecosystem, stimulate the value of the Metaverse NFT, create a vibrant NFT market, and bring them to another level and better future. Apart from those, BitWell Labs and XCarnival will also cooperate in marketing, operation, investment, trading and the like.
About BitWell Labs
BitWell Labs, the venture capital and innovation incubation arm of BitWell, is devoted to offering a wealth of investment, collaboration and mentorship opportunities to the global top-tier blockchain projects.
BitWell Labs has recently launched a $50 million fund to invest and incubate in Metaverse projects. The Metaverse fund will be used to support GameFi, non-fungible token (NFT) and other Metaverse sector projects in marketing, operation, trading and so on.
XCarnival is a lending aggregator for Metaverse assets which offers innovative liquidation solutions for varieties of NFTs and long- tail crypto assets.
XCarnival’s XBroker is the original time-limited auction clearing mechanism. The pledge model is optimized for special types of assets with extremely poor liquidity, such as NFTs.
Another XCarnival’s key product is Megabox, which Allows users to unlock the liquidation of their long-tail assets which have relatively limited liquidity (such as Altcoins and LPs).
The XCarnival cross-chain system will launch soon , and the first cross-chain product-Pool 2 C will launch and solve the demand for a large number of idle NFT circulation. The new product could match NFT holders and funds quickly complete NFT mortgage lending to ensure the speed and quality of transactions.
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