XANA

What is XANA?

XANA is a Layer 2 blockchain platform built on an Avalanche subnet, tailored for the metaverse, NFTs, and AI-driven applications. It offers a comprehensive ecosystem that includes a no-code builder, NFT marketplace, and gamified experiences, enabling users to create, trade, and interact within a decentralized virtual environment.

Key Features

• Metaverse Integration: XANA provides tools for users to build and customize their own virtual spaces, fostering a user-generated content ecosystem.
• NFT Marketplace: Users can mint, buy, and sell NFTs within the platform, facilitating a vibrant digital asset economy.
• AI Avatars: The platform supports AI-driven avatars, enhancing user interaction and personalization within the metaverse.
• Cross-Chain Compatibility: XANA ensures interoperability with other blockchain networks, allowing seamless asset transfers and broader user engagement.

Native Token: XETA

XETA is the native utility token of the XANA ecosystem, serving multiple roles:

• Transaction Fees: Used to pay for operations and interactions within the XANA network.
• Staking: Holders can stake XETA to earn rewards and support network security.
• Governance: Enables participation in on-chain governance, allowing stakeholders to influence protocol decisions.
• Marketplace Transactions: Used for buying, selling, and trading NFTs and other digital assets within the XANA marketplace.

Integration with Cryptoworth

XANA integrates seamlessly with Cryptoworth, providing users with enhanced financial clarity in their digital asset accounting workflows. Through this integration, users can efficiently track, categorize, and report their XETA transactions, ensuring accurate financial reporting and compliance with accounting standards.

Getting Started

1. Visit the XANA website to learn more about the platform and its offerings.
2. Set up a compatible wallet to store and manage your XETA tokens.
3. Acquire XETA tokens through supported exchanges to participate in staking and governance.
4. Explore the XANA metaverse, create your own virtual spaces, and engage with the community.
5. Utilize Cryptoworth to monitor and manage your XETA holdings for streamlined accounting and reporting.

For more information, visit the XANA website.

FAQs on XANA and Accounting Integration

Can Cryptoworth categorize XETA-based NFT transactions within the XANA marketplace?

Yes. Cryptoworth captures NFT minting, sales, and purchases using XETA, tagging them with relevant metadata such as asset IDs and counterparties to support accurate journal entries.

Does Cryptoworth track staking and governance participation on XANA?

Yes. Staking yields and governance votes using XETA are recorded with financial context, enabling accounting teams to track accrued income and on-chain governance-related exposures.

How are virtual asset purchases in the XANA metaverse handled in Cryptoworth?

Virtual asset transactions are treated as digital asset acquisitions or expenditures. Cryptoworth logs them with proper valuation and categorization, supporting capital asset tracking or expense reporting depending on the context.