PANews reported on October 1 that according to Cointelegraph, X.me, the Web 3 version of TikTok social media platform, announced the completion of a US$30 million strategic financing round, led by Tido Capital, with participation from Genesis Capital, Alpha Capital, Rollman Management, Parallel Ventures, WAGMi ventures and Web 3 Vision. The financing funds will be mainly used for the platform currency issued by the X.me Foundation.