The tokenization platform XCAD Network, which enables YouTubers to engage with their audience and give them cryptocurrency tokens in exchange, today revealed that it has inked Memorandums of Understanding (MOUs) with many governments to extend Web3 education incentives to millions of people worldwide.
With multiple governments on board, XCAD hopes to close the gap between Web2 and Web3 and encourage more individuals to participate in the Web3 Space. XCAD Network announced the first government agreement with Pakistan. As part of this collaboration, XCAD will provide instructional media to Pakistani citizens and offer incentives for them to consume it.
The first step in introducing newcomers to the Web3 realm is education. Under the terms of the MOUs, XCAD Network will collaborate with governments to start trial programs to educate their people about Web3. Governments from the nation’s jurisdiction, the XCAD team, and a few chosen content providers will jointly launch these initiatives.
The XCAD Network program must be downloaded so that users can view interactive instructional materials on various Web3 subjects. Users receive tokens as rewards for finishing the modules and watching the content.
The main areas of attention will be the Web3, blockchain, and cryptocurrencies. Governments can, however, also direct education toward other topics, such as financial literacy.
Oliver Bell, the Chief Executive Officer of XCAD Network, commented, “Working directly with Government entities is incredibly exciting for the XCAD project and the Web3 Space as a whole. What we’re doing aligns with the government’s vision towards digitisation and global blockchain adoption”
Using the XCAD platform to increase travel and tourist involvement in their nation is another way that XCAD intends to collaborate with government organizations. They wish to collaborate with artists and the populace to produce interesting instructional materials about travel to their nation. After consuming the content, users receive rewards.
Some of the most popular YouTubers worldwide have already signed up with XCAD Network to distribute creator tokens on its platform. Government involvement, however, lends the idea greater legitimacy. This makes it possible for XCAD Network to draw in even more well-known companies to issue creator tokens, comply with legal obligations, and increase the number of users on the XCAD network.
