What is xG Studios?
xG Studios is at the forefront of gamifying sporting achievements through Web3 technology. The company specializes in creating innovative digital collectibles and experiences, centered around performance-based rewards and benefits for sports fans. Their flagship product, the xG Evolve, is a digital wearable sneaker developed in collaboration with industry experts, featuring augmented reality capabilities for immersive product visualization. By leveraging official match data, xG Studios empowers players to build personal collections, fostering deeper engagement with both men's and women's football teams through close athlete partnerships.
How much funding has xG Studios raised?
xG Studios has raised a total of $600K across 1 funding round:
Angel/Seed
$600K
Angel/Seed (2022): $600K with participation from Launchpool Labs and Alphabit Fund
Key Investors in xG Studios
Launchpool Labs
Launchpool Labs is an early-stage venture firm that typically invests in blockchain and cryptocurrency projects, focusing on innovative decentralized applications and platforms.
Alphabit Fund
Alphabit Fund is a digital asset investment fund that specializes in providing capital to blockchain and cryptocurrency startups, often focusing on projects with strong technological foundations and market potential.
What's next for xG Studios?
The recent major strategic investment positions xG Studios for significant scaling and further development of its Web3-based gamification platform. This capital infusion is expected to accelerate product innovation, expand market reach within the sports enthusiast community, and enhance collaborations with athletes and sports organizations. The company's focus on digital collectibles and AR experiences, tied to real-world sporting achievements, suggests a strategic push towards solidifying its unique market position and driving user adoption in the evolving digital sports landscape.
See full xG Studios company page
