With the help of the leverage provided by the XDC founders from the tokens personally allocated to the founders, the open-source, carbon-neutral, enterprise-grade, Layer 1 blockchain known as the XinFin (XDC) Network has secured a $50 million investment from the international alternative investment firm LDA Capital Limited.
Ritesh Kakkad and Atul Khekade, the co-founders of XDC Network, are confident that the collaboration will accelerate network adaptation and real-world use cases. The LDA is seen as a strategic partner rather than just a financier. The XDC founders have confidence in the LDA due to its strategic and active participation in the network to advance the ecosystem.
“Our collaboration with LDA will usher in an exciting new period in the XDC Network’s history by enabling unprecedented growth of the Layer 2 ecosystem across various use-cases, with an emphasis on bringing ever more value TVL (“Total Value Locked”) to the network.”
The new ventures and organizations in the XDC committed to bringing in new retail and institutional members benefit from LDA Capital onboarding. The XDC’s smart contract-based projects have expanded dramatically since its launch in 2019. It is anticipated that this new partnership will encourage the growth and development of Layer 2 projects within the XDC Ecosystem.
Anthony Romano, LDA Capital Ltd. stated:
“LDA Capital is pleased with the developments made in the XDC Network by the XDC ecosystem. In addition to its funding, LDA will offer strategic counsel and support to help XDC Blockchain Network assume its position as a market leader.”
In addition to the macroeconomic advantages, XDC utilities are the foundation of projects like DEXs, Metaverses, NFT marketplaces, oracles, decentralized email providers & cloud storage, payment dApps, and legal document repositories. The XDC ecosystem as a whole will grow more quickly now that LDA support has been added.