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Xai (Blockchain)

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Xai (Blockchain)

Xai is a that operates as a decentralized gaming ecosystem that promotes trust and transparency among all users. Xai is designed to facilitate open trade within the upcoming wave of video games, allowing potentially billions of traditional gamers to own and trade valuable in-game items in their favourite games without the requirement of interacting with crypto-wallets. By harnessing 's robust security measures, the Xai Blockchain fortifies its resilience against potential hacks and vulnerabilities. [1][2]

Overview

Xai Foundation

The Xai Foundation is responsible for overseeing the blockchain infrastructure that supports the games developed by game developers deploying to the chain. The main goal of the XAI Foundation is to support the development and expansion of developers and games within the XAI blockchain ecosystem. Its key responsibilities include attracting third-party developers and games to the platform, implementing effective marketing strategies for games deployed to Xai, and providing financial support to web3 game developers. Additionally, the Xai Foundation plays a crucial role as the custodian of the blockchain and its associated token, ensuring the integrity of the platform. [5]

Xai Token

The will have two main roles on the Xai blockchain. Firstly, it will act as the designated token, enabling transactions within the network. Additionally, Xai tokens will be given as rewards to validator nodes for their validation of transactions. It will serve as the primary currency within the gaming ecosystem, being accepted as payment for games and in-game items. [2]

Partnerships

Off-Chain Labs

Xai is developed in collaboration with with the guidance of the Xai Foundation, where it is purpose-built to cater to the demands of gaming on a large scale. It is developed as an Orbit Chain, constructed atop Arbitrum Nitro, which serves as the foundational technology for all chains within the Arbitrum ecosystem. Xai benefits from direct support provided by , the well-known developer of Arbitrum , in areas such as infrastructure, marketing, and product support. [3][4]

“We are excited to announce that Offchain Labs will be working with the Xai Foundation and Ex Populus as they transition their backend technology into the Arbitrum ecosystem,” said A.J. Warner, chief strategy officer at Offchain Labs, in a statement. “We have been working closely with the Ex Populus team for nearly a year and eagerly await the migration to the Arbitrum ecosystem. The launch of Xai will enable its gaming ecosystem to live on an optimized, dedicated chain while benefiting from links to the vibrant Arbitrum ecosystem. I’m excited for the upcoming launch of the gaming franchises and gaming-focused Orbit chain.'' [3]

Setting itself apart from other Orbit chains, Xai features a canonical bridge within the Arbitrum ecosystem. Additionally, Xai implements notable enhancements, such as raising and contract limits, which foster a favorable environment for ambitious blockchain game development and gameplay. [3]

Ex Populus

Ex Populus, a developer of games, will be the first contributor to Xai. The company intends to transition its gaming franchises to Layer 3 once it's operational. While Ex Populus initially developed its games on , it is now venturing into the ecosystem by migrating to Arbitrum One. Ex Populus is a respected game development studio led by industry veterans from well-known companies like Pixar, Ubisoft, Activision, Blizzard, and others. With an impressive team, the company is currently working on two eagerly awaited games, Final Form and LAMOverse. Notably, Ex Populus is the first developer to release its games on the Xai Blockchain, paving the way for many other developers to do the same. The game launches in April 2024.[3][4]

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Edited By

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Edited On

February 20, 2024

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REFERENCES

[1]

Binance

Feb 20, 2024

[2]

Blockchain

Feb 20, 2024

[3]

Orbit Chain

Feb 20, 2024

[4]

Off-Chain collab

Feb 20, 2024

[5]

Xai Foundation

Feb 20, 2024