House of Chimera Weekly Altcoin Update – Week 8

This week's HoC Weekly's Altcoin Update will be highlighting Project SEED and XCAD Network!

Project SEED

GEMS Esport partnership

GEMS is a one-stop GameFi platform connecting blockchain gamers online and offline. The ecosystem is an Esports 3.0 aggregator that integrates Metaverse and SocialFi elements. Additionally, the ecosystem leverages Esports Hotels to expand the reach further.

Value creation

The GEMS partnership allows Project SEED to have exposure to the rapidly growing eSports industry. The industry's revenue was over 1 billion USD in 2021 and is expected to grow to 1,6 billion by 2024. The Project SEED ecosystem has ambitious to turn Outland Odyssey into a competitive game, including eSport matches and tournaments. Hence, partnering with an Esport platform will drastically help set up a sustainable eSports league with known eSport teams. An eSports league will significantly increase the digital exposure of Outland Odyssey and will create a competitive benchmark for the game. Furthermore, it will create a network effect similar to mainstream games being played by Twitch streamers. Thus, fans will be attracted to play the same game as their favourite content creator, increasing the overall player base.

XCAD Network

Growth, Growth and Growth

The XCAD Network ecosystem is launching another growth campaign, and it seems that the project is not willing to cool off. The Growth Campaign lasts for two weeks, and it is expected that it will significantly increase the reach of the ecosystem. Despite the market turmoil, the ecosystem is quickly onboarding new content creators and is currently being supported by over 50 creators with a total following of over 180 million subscribers on YouTube. The native token, XCAD, got listed on the tier 1 exchange, Bittrex, increasing the token's liquidity. However, there is more planned for XCAD Network. The ecosystem is expanding to a new chain, making it easier for investors to buy the native token. Furthermore, more partnerships will be announced in the upcoming two weeks.