XOOX LAB is a San Jose, California based corporation with service markets across North America and will soon service the international market. The company is a digital entertainment platform mobile application available on both Google play and IOS operating systems for users who are 18 years old or older. XOOX Token offers an interactive meme token which, unlike other meme tokens, is created by taking various pet depictions in the form of photos, videos, and music files and with them developing tokens which can be used and traded as NFTs within the community. The greatest distinguishing factor between XOOX Tokens and regular meme tokens is “pet humanization” which involves taking a pet’s information and storing it as human information, making it easier to access pet data and therefore protect and provide individual services for them. The XOOX platform will establish a service in which pets can be guaranteed legal rights and afforded services based on blockchain and metabus technology.
The idea is that pets (companion animals) are effectively the subscribers to this platform and their human owners act as “managers” of the pet’s personal information. This information is connected to and stored with the companion animal’s NFT. To add, the XOOX platform is used in a variety of ways, such as purchasing pet products, content, and other NFTs and the tokens are used as a settlement currency for content providers.
XOOX aims to establish a platform that will provide pets (companion animals) and pet owners a better and longer lasting relationship using technology that is reliable, easily accessible and secure.
The XOOX PLATFORM is available on all devices, including PCs, tablets, and mobile devices. In the XOOX PLATFORM, anyone in the world can become a supplier and directly register and sell their products, medical services for pets, pet insurance, and music content. Product providers can create their own stores and sell products through an XOOX PLATFORM membership as well as upload music content to the platform for publishing and selling as NFTs. Anyone in the world can purchase the NFTs issued by the XOOX PLATFORM in order to register their pet information and secure sole ownership of their companion animals.
XOOX Token is the only music platform dedicated to companion animals in the world which allows them to inherit music from their subscription agent (pet owner) even if the subscription agent (pet owner) dies in the future. A subscriber or manager can check sales information or sales history for products and content sold through XOOX PLATFORM’s block chain system and later receive settlement of the contracted sales price in a transparent structure through XOOX TOKEN.
The XOOX LAB Project began market research and planning preparations in 2018 to develop platforms for pets (dogs and cats) around the world, and subsequently began development in 2022 and will launch XOOX LAB, a pet-only application. XOOX LAB application is a blockchain-based ODPS (ONDEMAND PET SERVICE) platform, a chat service for pets such as dogs and cats, and a specialized portal service that supports food & product shopping malls, music services, funeral services, insurance services, hospital matching services, and virtual spaces.
In the next 3-5 years, XOOX LAB wishes to expand to the international market, covering every livable continent and every major city within. During this time, the company hopes to have gained more investment and an IPO to help their brand become even stronger. Their focus will push more toward investing in the technological aspects of their innovation. Further, XOOX LAB wishes to incorporate Augmented Reality and Virtual Reality aspects in the XOOX LAB application. XOOX LAB projects consolidated revenues of $31million in 2022, $155.9 million in 2023, $381.9 million in 2024, $607.9 million in 2025 and $833.9 million in 2026.
Projected Net Income will also increase with revenue growth. XOOX LAB projects gross income to be $20.4 million in 2022, $74.3 million in 2023, $136.3 million in 2024, $235.9 million in 2025 and $392.3 million in 2026.
XOOX LAB is seeking equity investment. Investment will help to expand the company’s market potential while solidifying its position in the market as the best of class solution as a pet avatar platform and non-fungible token (NFT) management. Further, the capital raised will be distributed to increase the program development, marketing, tech support, application maintenance and promotion. In exchange, XOOX Token will offer up to 10% of the company to interested investors.
XOOX LAB will build an exciting and successful business by catering to the needs and wants of pets and their owners as well as those who are interested in NFTs. XOOX Token’s key target market are those who are interested in pet rights protection.
The company will build a durable competitive advantage by using the power of artificial intelligence (A.I.) and other advanced technologies to deliver innovative solutions via their trusted open platform that builds connections between customers, partners and products.
XOOX LAB develops, hosts, and markets the XOOX LAB Website and the mobile app. The website and app facilitate company staff and customer communication as well as increases customer satisfaction.
XOOX LAB will continue to build an exciting and successful business by catering to the needs and wants of existing customers while increasing its market and service exposure to the growing pet and pet owner market.