As a company that continues to make strides in developing a cross-ecosystem of significant and high-profile partners, BrightNode, a Swiss consulting firm specializing in comprehensive blockchain consulting solutions, has commenced a business partnership with XT Labs and XT Incubator.
XT Labs is the venture capital arm of XT.com, focused on blockchain, digital assets and cryptocurrencies, with the goal of helping projects build exceptional value through its team of investment and operating professionals. In particular, the firm supports start-up projects in the Asian and overseas markets in developing long-term, sustainable growth.
XT Incubator is an acceleration and incubation program focused on helping early stage projects in: go to market, strategy, legal, development, etc. being supported by advisors and service providers like Brightnode.
Astonishingly, year-to-date venture capital investment in the cryptocurrency and blockchain industries stands at $17.9 billion, according to JP Morgan. Evidently, XT Labs is operating within a flourishing sector, put into perspective, one of Morgan Stanley’s Bitcoin-only private funds raised a whopping $29.4 million from 322 investors in its first 14 days.
This business partnership enables BrightNode to leverage the company’s broad portfolio of projects that specialize in sectors such as decentralized finance (DeFi), non-fungible tokens (NFTs), Web3, GameFi and more.
Both XT Labs and XT Incubator will also benefit from BrightNode’s ability to provide strategic on-demand support concerning the fundamental tokenomics aspects of projects. This support will greatly assist projects seeking the infrastructure needed to take their venture to the next level.
This partnership is ultimately intended to facilitate long-standing cooperation for advisory projects, while XT is also in a position to provide select projects with investments and listings in the event that certain criteria is met. In addition, XT Labs is set to benefit from BrightNode’s extensive list of partners as the synergy between both our companies accelerates and XT incubator is set to benefit from the global class services of BrightNode.