According to Forbes Magazine, the creator economy is worth a little over $100 billion, and there is a massive potential for future growth in the industry. However, creators are not equal beneficiaries of the revenue generated from their creations in the digital space. With the advent of Web 3 technology, various projects have set out to leverage the technology to help creators optimally benefit from their works.
Shurick Agapitov, the founder of the multi-billion dollar enterprise Xsolla, has thrown his hat in the ring by creating X.LA Foundation, a Web 3 enterprise.X.LA aims to offer an enabling environment for influencers, content creators, entrepreneurs, contractors, and researchers to join forces and positively shape the future of the Web 3 economy.
The X.LA Foundation Launch
X.LA Foundation was launched on February 16, 2022. It is a community-powered organization that is built to revolutionize the current classic corporate relationships and enable creators to become equal beneficiaries of their hard work. With rising interest in Web 3, non-fungible tokens (NFTs), blockchain technology, and cryptocurrency, Mr. Agapitov is grabbing the opportunity to leave his mark in the technology frontier.
With the launch of the X.LA Foundation, creators will be better protected, and their interest is also of utmost importance. Web 1 was the birth of the internet and websites, followed by social media (Web 2), and now we have the revolutionary Web 3 with its disruptive features and possibilities. Before the advent of Web 3, creators had no direct control over their community because they could be restricted for the sake of one policy violation or another.
With the X.LA project, creators will have a better sense of ownership of their works. It will also change how they create content and get paid for their creations. This means creators will earn better and won’t have to be at the mercy of corporate organizations that only see them as a source of revenue rather than worthy partners. Aleksandr “Shurick” Agapitov and his team launched X.LA to bridge the gap and make creators equal beneficiaries of their creation. With the launch, they are bringing the concept of Web 3 to reality, where people can easily relate and understand the concept better.
About the Founder of X.LA Foundation
Aleksandr Agapitov, the founder of X.LA, is also the founder and CEO of Xsolla Inc., a video game business engine designed to help devs build and sell more games. With his experience and guidance in the industry, his team was able to launch the Xsolla Funding Club and investment network that is exclusively for the gaming industry. It was created to help indie studios achieve their developmental goal via capital funding and investment. Aleksandr Agapitov is not a newcomer in the blockchain and Web 3 space, and he is poised to make his mark in a significant way.
Conclusion
Projects like X.LA are only the tip of the iceberg compared to the potential of Web 3 technology. With an innovative man like Agapitov at the helm of affairs at X.LA Foundation, the project is certainly a must-watch in the blockchain space.
