Below is our recent inteview with Jason Wan, Founder and CEO at XOOCITY:
Q: Could you provide our readers with a brief introduction to your company?
A: XOOCITY is a platform that allows users to own virtual land in a replica of Hong Kong in the metaverse. The metaverse is a virtual world that is rapidly growing and becoming more popular as technology advances. In this virtual world, users can buy, sell, and develop NFT-based applications on their virtual land. NFTs, or non-fungible tokens, are a type of digital asset that is unique and cannot be exchanged for another asset. They are commonly used in the world of blockchain and cryptocurrency.
The replica of Hong Kong in XOOCITY is designed to be a virtual world that visitors can tour and explore, much like a real city. The platform features attractions, skyscrapers, amusement parks, temples, landscapes, shops, and trade expos that are all replicated in the virtual world. This allows users to experience the sights and sounds of Hong Kong in a virtual setting, without having to physically travel to the city.
The platform also allows users to stake their virtual land, which means they can hold and lock up their assets for a period of time to earn rewards. This provides a way for users to earn passive income from their virtual assets.
XOOCITY is an innovative platform that combines virtual real estate ownership with NFT-based applications to create a unique and immersive virtual world. It provides a way for users to experience the sights and sounds of Hong Kong in a new and exciting way, while also allowing them to earn rewards from their virtual assets.
Q: Any highlights on your recent announcement?
A: Project Highlights:
- Established in September 2022, it was recognized by the Hong Kong government for two months and received free support of HK$1.29 million from the Hong Kong Science Park Incubation Fund. It has already settled in Science Park.
- Won the “Most Outstanding Diversified Metaverse Service Platform” of the year in the 2023 Excellence in Innovation Awards held by Business Innovator, sponsored by HSBC Hong Kong.
- Obtained $200,000 technical support from Google Cloud Startup, and the network foundation is unimpeded.
- The world’s first full-landscape virtual city in Hong Kong, which will be comparable to Decentraland and Sandbox’s metaverse virtual real estate platform in the future.
- Founded by Internet veterans, Web1, Web2, Web3 many successful entrepreneurs. Rich experience and technical resources in local, mainland and overseas Internet operations. AT&T Flower scientists are architecture consultants, and former Vipshop research institute deans are technical general consultants. Successful entrepreneurs for many times, CEOs are out again.
- High-value business metaverse, games are just one of the businesses, mainly serving various businesses, enterprises, exhibitions, shopping malls, tourism, office, conferences and other high-value platforms.
- Legal compliance, Hong Kong virtual asset policy blessing, take you to play virtual assets. Hong Kong’s original land plots have scarce land resources and limited supply.
- Backed by the Metaverse Technology Alliance, the Metaverse Technology Alliance was established to integrate 5,000 metaverse and Web3 technology companies around the world to provide technical support. Provide the most comprehensive service and technical support.
Q: Can you give us more insights into your offering?
A: XOOCITY offers a range of services to help businesses and investors leverage the potential of virtual land assets in the emerging Metaverse. We provide support to build and promote their presence in this new era of the Internet, which will increasingly rely on immersive, interactive, and decentralized virtual environments.
As the operators of the first replicate mega city in the Metaverse, XOOCITY has created a truly groundbreaking platform. Our virtual city is a game-like environment that replicates the real-world city of Hong Kong in stunning detail. This virtual environment allows people and businesses to engage with each other in new and exciting ways, creating opportunities for collaboration, networking, and earning money.
By leveraging the power of the Metaverse, XOOCITY creates a virtual city where people and businesses can work and earn money from promoting businesses and interacting with people. This is an entirely new kind of economy, one that is fueled by creativity, innovation, and collaboration. Our platform provides a rich and engaging environment for people to build their businesses, create new products and services, and explore new markets, all while earning money and having fun.
XOOCITY is a game-changing platform that offers a unique and exciting opportunity for businesses and individuals to participate in the next wave of the Internet. Our virtual city provides a rich and immersive environment in which people can work, socialize, and earn money, all while contributing to the growth and development of the Metaverse.
Q: What can we expect from your company in next 6 months? What are your plans?
A: In the next 6 months, XOOCITY has several exciting plans in the works. Firstly, we will be launching our NFT exchange, which will allow users to trade our land NFTs easily and securely. This will create a vibrant marketplace for virtual land assets, making it easier for users to buy and sell virtual property within our platform.
In addition to our NFT exchange, we will also be issuing our XOO token to users. This token will have a range of use cases within our platform, such as providing access to premium features, unlocking exclusive content, and earning rewards for participating in the ecosystem.
Another major initiative for XOOCITY over the next 6 months is the launch of our meta technology alliance platform. This platform will provide a space for technical and service providers to join us and offer their services to our business and institutional buyers. This will help to create a thriving ecosystem of providers and buyers within the Metaverse, further driving the adoption and growth of our platform.
Finally, we will be completing our next round of fundraising, with a target of raising 5 million USD within the next 6 months. This will provide us with the resources we need to continue developing and expanding our platform, and to explore new opportunities within the rapidly evolving Metaverse landscape.
The next 6 months will be an exciting time for XOOCITY, as we continue to innovate and lead the way in virtual land assets and the Metaverse. We are committed to delivering a world-class platform that provides value to our users and partners, and we look forward to sharing our progress with the world.
Q: What is the best thing about your company that people might not know about?
A: One of the best things about XOOCITY that people might not know about is the wealth of experience and expertise that our team brings to the table. Our team is comprised of internet veterans with an average of over 20 years of internet operation and startup experience. This means that we have a deep understanding of the internet landscape and have been involved in the industry since its early days.
Not only do we have extensive experience in China, Hong Kong, and overseas markets, but we also have multiple exits and serial entrepreneurship experience in running companies ranging from 10 to 1000 people, with revenue topping several billion dollars. This experience gives us a unique perspective on the challenges and opportunities that businesses face, and allows us to provide valuable insights and guidance to our clients and partners.
In addition to our experience and expertise, we have rich resources in the industry and in the market, both in China, Hong Kong, the US, and Southeast Asia. This allows us to stay up-to-date with the latest trends and developments in the industry, and to leverage our networks to create new opportunities for our clients and partners.
Finally, one of the most unique aspects of our team is our international composition. While we are an international team, we deeply cultivate local market experience. This means that we have a deep understanding of the cultural and business nuances of different markets, and are able to provide customized solutions that are tailored to the specific needs of our clients and partners.
Our team’s experience, expertise, and resources are some of the best things about XOOCITY, and allow us to provide a unique and valuable service to our clients and partners in the Metaverse and beyond.