Aleksandr Agapitov, founder of a prominent video game payments company, Xsolla, starts a new venture in the web3 space. Called X.LA, this project launched in late February and is focused on developing an ecosystem of products with an aim to give creators around the world a monetary incentive to build in the metaverse.
The underpinning technology that will allow this is a smart revenue-sharing contract. The idea is that instead of a standard work-for-hire agreement, software engineers, artists, and designers can receive a lifetime chunk of revenue for their contribution in a particular metaverse. But in order to sign deals with internet strangers, all one would need is a transparent and efficient blockchain system that can guarantee revenue distribution.
To develop this system, Agaptiov brought a team of Xsolla employees to X.LA.
“As in any other industry, it’s about how to get funded, how you get paid, how to find new customers, and how to engage with your customers,” says Agapitov.