What XPLA does

XPLA is a Singapore-based Layer 1 blockchain mainnet founded in 2022, built on Tendermint consensus and focused initially on Web3 gaming and entertainment. The platform provides gaming-optimized blockchain infrastructure on which developers and entertainment projects can deploy decentralized applications, leveraging its underlying mainnet for digital asset issuance and on-chain transaction processing. The company raised $5.75 million in seed funding in June 2023 from Big Brain Holdings, Play Ventures, and Infinity Ventures Crypto (IVC), followed by an undisclosed strategic round in February 2024 from Emoote, Hashed, and Play Ventures, with stated use-of-funds directed at ecosystem onboarding and Web3 partnership expansion.

The business operates an open, permissionless blockchain rather than a traditional SaaS model, with no publicly disclosed pricing, transaction fee structure, or revenue mechanics. Its customer base consists of developers, gaming studios, and entertainment projects building on the network, alongside secondary use cases in stablecoin-based payments, cross-border remittances, real-world asset tokenization (RWA/STO), and an emerging AI-generated content (AIGC) ecosystem where creators receive on-chain attribution and rewards. Go-to-market is driven through organic channels including X/Twitter (@Official_CONX), Medium, and Discord, with no traditional sales motion or distribution partners disclosed.

In November 2025, XPLA rebranded to CONX ('Culture = Connect'), repositioning the chain as a 'Mainnet of Trust' that bridges gaming, finance, and culture through three explicit pillars: regulation-aligned global finance, RWA/STO frameworks, and AIGC ecosystem support. The rebrand signals a strategic pivot from a gaming-only chain to a multi-vertical Layer 1. Headcount is reported at 11-50, leadership is led by CEO Paul Kim with Yun Alfred as CXO/CTO, and the company has not disclosed revenue, ARR, or transaction volume metrics, leaving the business model and unit economics unverified.

Name

XPLA

Website

https://xpla.io

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

XPLA, now rebranded as CONX, is a Singapore-based Tendermint Layer 1 blockchain mainnet serving Web3 gaming, entertainment, digital finance, real-world asset tokenization, and AI-generated content creators through on-chain infrastructure.

Ownership category

akta.pro rank

Product category

Blockchain Infrastructure

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

On-Chain Game Engines & Developer Tooling (SDKs, APIs, Unity/Unreal plugins) (FSAPAGAB)

akta.pro secondary industries

Interoperability & Integration Middleware (ERP/core banking connectors, messaging, APIs, cross-chain to permissioned) (FSAPAIAL), Compliance, Risk & RegTech for Tokenized Assets (KYC/AML, sanctions, travel rule, reporting) (FSAPAIAH), Interoperability & Asset Bridging for Games (cross-game/cross-chain assets) (FSAPAGAJ)

Keywords

• Layer 1 blockchain
• Web3 gaming infrastructure
• Digital asset network
• RWA tokenization framework
• Stablecoin payment network

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Marketing channels3 records

Core offering

XPLA (rebranded to CONX in November 2025) is a Tendermint-based Layer 1 blockchain mainnet that operates as a global blockchain infrastructure for Web3 gaming and entertainment. It enables gaming and entertainment projects to build and deploy blockchain-based applications, supports stablecoin-based cross-border payments and remittances, provides a Real World Asset (RWA) and Security Token Offering (STO) bridge framework, and supports an AI-generated content (AIGC) ecosystem with creator attribution and rewards.

Product overview

CONX is a unified blockchain platform (formerly XPLA) that operates as a Layer 1 mainnet designed for Web3 gaming and entertainment ecosystems. The platform is structured around three core pillars: connecting global finance through regulation-aligned stablecoin-based payments and remittances; connecting real-world assets via RWA and STO frameworks that enable tangible assets to gain on-chain value; and connecting an AIGC ecosystem where original creators receive recognition and rewards alongside AI-generated content. CONX positions itself as infrastructure bridging cultural and financial transformation.

Differentiator

Problem solved

Functional benefit

Products and services

• CONX (formerly XPLA) Blockchain Mainnet A global Layer 1 blockchain mainnet serving as a Mainnet of Trust for Web3 gaming, entertainment, and digital asset ecosystems. Designed for gaming and entertainment projects seeking purpose-built blockchain infrastructure, and for entities needing regulation-aligned stablecoin payments, cross-border remittances, RWA/STO tokenization, and AIGC creator ecosystems.

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Direct peers

• Oasys: A Layer 1 blockchain purpose-built for Web3 gaming, similarly positioning itself as gaming-optimized infrastructure with a validator consortium of game studios — directly competing with XPLA/CONX for gaming developer adoption.
• Ronin Network: An EVM-based chain originally built by Sky Mavis for Axie Infinity, now expanding into a broader gaming-focused L1 with strong gaming-native user activity — a direct competitor for Web3 game studios.
• Immutable: Provides gaming-focused L2 scaling (Immutable zkEVM) and tooling for Web3 game developers, including SDKs and order-book infrastructure — closely comparable in target customer (Web3 game studios) and infrastructure offering.
• WAX (Worldwide Asset eXchange): A Delegated-Proof-of-Stake L1 purpose-built for NFTs, virtual goods, and Web3 gaming — comparable as a niche gaming/digital-assets chain competing for the same game publisher and creator mindshare.
• SKALE Network: A multichain network of app-specific blockchains frequently used for Web3 gaming and consumer apps due to zero-gas transactions — directly comparable as gaming-optimized blockchain infrastructure.

Broad incumbents

• Polygon: A general-purpose L2/L1 ecosystem that has aggressively courted Web3 gaming and entertainment brands; broader portfolio and deeper liquidity make it a dominant competitor for the same gaming and enterprise Web3 workloads XPLA/CONX targets.
• Avalanche: A high-throughput L1 with strong institutional and RWA tokenization positioning (including subnets for enterprise use) — overlaps with XPLA/CONX's RWA/STO and 'Mainnet of Trust' narrative from a much larger capital base.
• Cosmos Hub: The Tendermint-based Layer 0 hub underpinning the Cosmos IBC ecosystem; XPLA/CONX shares the same consensus foundation, making Cosmos Hub both a technical peer and a competitive reference point for cross-chain interoperability.

Emerging players

• Kava: A Tendermint-based (Cosmos) Layer 1 combining EVM and Cosmos co-chain architecture with a focus on DeFi and RWA — shares XPLA/CONX's Tendermint foundation and partial overlap on RWA and stablecoin payment use cases.
• Injective: A Tendermint/Cosmos-based Layer 1 optimized for finance (order books, derivatives, RWAs) — comparable on the 'regulated financial infrastructure' axis of XPLA/CONX's positioning while serving different primary verticals.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Official_CONX

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds2 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about XPLA