Web3 social media platform X.me completes $30 million in funding, led by Tido Capital

Odaily Planet Daily reports that X.me, the social media platform known as the Web 3 version of TikTok, has announced the completion of a $30 million strategic funding round. This round was led by Tido Capital, with participation from Genesis Capital, Alpha Capital, Rollman Management, Parallel Ventures, WAGMi ventures, and Web 3 Vision. The funds will be primarily used to fund the X.me Foundation's issuance of its platform token. Users will reportedly earn XPoints through social activities like watching videos and interacting with the platform, which will be redeemable for the platform token in the future. (Cointelegraph)