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In mid-January, a new blockchain gaming cryptocurrency, XAI, experienced a 150% price jump. While some observers attributed this mainly to the token’s $140 million initial airdrop, others speculated that at least some portion of XAI’s impressive run was due to the similarity in name to Elon Musk’s AI-focused xAI startup. Apparently, some people erroneously thought that the crypto token was related to that venture.
XAI, the native token of the Xai Layer 3 decentralized gaming platform, might share only a name with the much-publicized xAI startup. However, its potential impact on the gaming and blockchain industries could turn out to be as revolutionary as Musk’s anticipated influence on the AI sector.
While gaming has been among the fastest-growing areas in the world of blockchain, factors such as transaction cost, technological instability, and potential lack of familiarity with crypto on the part of users have slowed the adoption of blockchain-based games. Xai aims to solve these problems — and to make blockchain gaming and in-game asset trading much more accessible to billions of gamers worldwide.
Key Takeaways:
Xai is a decentralized platform designed to offer a blockchain gaming experience to traditional video game users, who are often unfamiliar with concepts such as crypto wallets and gas fees.
Xai is a Layer 3 platform built on top of Arbitrum’s Layer 2 rollup protocol, which services Ethereum’s Layer 1 blockchain.
To enhance the security and decentralization of its operations, Xai uses a network of special nodes called Sentry Nodes to monitor and check the validity of the block generation process on the platform.