XMTP (N/A)

What is XMTP?

XMTP (Extensible Message Transport Protocol) is an open communication network that enables secure, scalable, and decentralized messaging. It has already onboarded 2.2M+ identities, turning each of them into a universal key for secure, censorship-resistant, end-to-end encrypted messaging across Web3 and social networks.

XMTP Protocol implements Messaging Layer Security (MLS), which is designed to operate within the context of a messaging service. As the messaging service, XMTP needs to provide two services to facilitate messaging using MLS:

• Authentication Service: A system that issues and validates credentials linking user identities to cryptographic keys, ensuring trusted message authentication, identity verification, and integrity across clients within MLS-based communication;
   
• Delivery Service: A messaging layer that provides key material distribution and message routing between clients, enabling encrypted communication even when users are offline while maintaining security and confidentiality independent of its trustworthiness.

You can find more info in the XMTP docs.

🪙 XMTP Token: As of November, the project hasn’t disclosed any details concerning its native token. However, the project features an early version of its messenger, allowing users to test it and help the developers make it better. This may result in a potential XMTP messaging protocol airdrop.


Considering the potential XMTP airdrop, followed by a decent fundraising from top-tier funds, our team completely analyzed the XMTP company, highlighting its several pros and cons:
 

✅ XMTP pros:

• High PR performance;
• Above-average SEO and Growth Marketing score;
• Decent ecosystem of backers (Coinbase Ventures, a16z crypto, and others);
• Good network of partners (Coinbase wallet, Metamask, and others).
   

❌ XMTP cons:

• No info on the XMTP coin yet;
• Poor Marketing Infrastructure and Influencer Marketing score;
• Low SMM performance;
• Core team members have no work experience in top-tier companies.