In late January, the price of the new XAI cryptocurrency on the blockchain increased by 150%. While some observers attributed this largely to the initial $140 million airdrop, others suggested that at least part of XAI's impressive run was due to the similarity in name to Elon Musk's AI-focused startup xAI. Apparently, some people mistakenly thought that the crypto token was associated with this enterprise.
XAI, the native token of the decentralized gaming platform Xai Level 3, can only be called by the well-known startup xAI. However, his potential impact on the gaming and blockchain sectors could be as revolutionary as Musk's expected impact on the AI sector.
While gaming has become one of the fastest-growing areas in the blockchain world, factors such as transaction costs, technological instability, and a potential lack of familiarity with cryptocurrency on the part of users have slowed the adoption of blockchain gaming. Xai aims to solve these problems and make blockchain gaming and in-game asset trading much more accessible to billions of gamers around the world.
Key findings:
Xai is a decentralized platform aimed at 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 powers Ethereum's Layer 1 blockchain.
To enhance security and decentralization, Xai uses a network of special nodes called signal nodes to monitor and verify the validity of the block creation process on the platform.
(XAI) is a decentralized platform that offers a low-cost, scalable and convenient environment to attract traditional gamers to blockchain games. One of the key goals of the platform is to provide crypto games and opportunities for trading in-game assets without the use of crypto wallets. This should make it easier for traditional (non-blockchain) gamers to transition into the blockchain world.
Xai was developed by Offchain Labs, the company that created the hugely popular Arbitrum layer 2 rollup platform (ARB) serving the Ethereum (ETH) network. Xai is based on Arbitrum Orbit, a key component in Arbitrum's suite of technology solutions. While Arbitrum is a layer-2 protocol, Xai is a layer-3 platform that extends Arbitrum's functionality and offers features such as gasless transactions, wallet-less asset trading, and increased smart contract limits for developers.
Thus, the Xai network acts as a third layer that connects to Arbitrum's Layer 2, which in turn is connected to the Ethereum Layer 1 blockchain. While the advent of Arbitrum and similar layer 2 solutions have helped reduce costs and increase transaction speeds on Ethereum, Xai takes these improvements to a whole new level by offering stable scalability, minimal fees and hassle-free, hassle-free interactions, as well as gaming-focused features .
The problems with attracting a multi-billion-dollar army of gamers to blockchain platforms have long been known in the gaming industry. There are currently over 3 billion video and digital gaming users, but only a small portion of them are involved in blockchain-based games. The difficulty of using blockchain is often cited as a key barrier to entry into the world of decentralized gaming. Additionally, the poor stability and/or scalability of many blockchain platforms can deprive users of a truly interesting gaming experience. Offchain Labs has recognized these obstacles and aims to overcome them with the launch of Xai.
What are Xai signaling nodes?
Xai takes a unique approach to enhance security and decentralization. To achieve these goals, the platform uses Sentry Nodes, a vital part of the Saiyan community. These nodes monitor and verify the correct generation of blocks in the network.
Any network user can install and run Sentry Node on a laptop or desktop, or even in a cloud environment. Sentry Node operators receive awards for the security of the platform. These rewards are paid out in esXAI, one of Xai's native crypto tokens, which can also be staked to increase operator profits.
Game development on the Xai blockchain
Xai offers developers an environment to create games with minimal explicit blockchain features while still taking advantage of the benefits of blockchain technology. For example, crypto wallets are integrated into the server to make the gaming experience as convenient as possible for traditional gamers. In addition, gasless transactions make the transition to blockchain gaming easier, since gamers outside the blockchain environment typically do not pay fees for regular in-game transactions.
Xai is a new platform that currently offers only five games. However, this amount is likely to increase as developers realize the benefits of offering blockchain games without a significant learning curve for users. The quintet of games available or actively developed on Xai include:
1. Ultimate Form: In this card collecting game, your job is to create a powerful set of cards to compete in battles with other players. There are different categories of cards you can collect, such as relics and invited companions, as well as different types of limited editions. Rewards for victories will help turn cards into more powerful variants.
2. LAMOverse: If you love chaos, LAMOverse may be just the game you've been waiting for. This shooter game pits players against each other while traveling through chaotic and destructive environments.
3. Carnivale: Carnivale is a futuristic open world game where the control and influence of information determines who wins and loses.
4. Tarochi: Engage in epic battles with majestic creatures as you journey through a massive game world in this RPG adventure.
5. Kashi: Experience the world of origami Kashi, another exciting RPG in Sai's collection. Your mission is to solve a variety of puzzles and navigate a multidimensional world.
Xai Cryptocurrency Tokens
The two native tokens of the XAI Platform Level 3 - XAI and esXAI - provide the functionality of the platform.
XI
XAI is the platform's main token, which is used to pay network fees and in-game payments. It is a fully transferable token that can be freely traded on the market and used as an asset to transfer and store value. The maximum supply of the token is 2.5 billion, while the total and circulating figures currently stand at 984 million and 277 million respectively.
XAI launched in early January 2024 and has the following initial supply distribution promotions:
esXAI
esXAI is used to reward Sentry Nodes for their work securing the network. Node operators can also use their esXAI for staking to gain access to more rewards and privileges. esXAI staking provides three main benefits to Sentry Node operators:
Increasing profitability from esXAI
Access to special events and NFTs in games on the Xai platform
Voting rights through the Xai Foundation and/or DAO platform
Unlike the XAI token, esXAI is not transferable and can only be used by the operators who originally earned it.
XAI cryptocurrency price forecast
As of January 26, 2024, the XAI token is trading at $0.74, which is 38.9% below its all-time high price of $1.21 recorded on January 17, 2024, and 62.4% above its all-time low price in $0.455, registered January 10, 2024.
XAI's long-term outlook is generally bullish, with DigitalCoinPrice predicting it will trade at $1.85 in 2025 and $5.37 in 2030. CoinCodex expects the token to rise to $1.05 in 2025 and $3.42 in 2030.
Is XAI Token a Good Investment?
The XAI token is currently in the early stages of the market, but has already attracted a significant share of investors, as evidenced by an impressive 153% price increase between January 10 and January 18, 2024. Even though XAI is now moving beyond its mid-January high, it is still attracting significant attention among crypto investors for promising new tokens. Main reasons to invest in XAI:
1. The Xai platform is the first major enterprise to provide a smooth transition for traditional users to the world of blockchain. With a potential target audience of over 3 billion players, Xai has a great chance of market success.
2. Xai was developed and actively maintained by Offchain Labs, a key player in the blockchain industry. With a promising business model targeting a broad army of gamers, Xai will be highly valued by Offchain Labs. Commitment to Xai should be no less serious than commitment to Arbitrum, and Arbitrum's popularity clearly demonstrates that the Offchain Labs team knows how to support and develop the product to achieve significant success in the market. Conclusion
Blockchain-based games open up opportunities for users in areas such as NFTs, in-game asset trading, Play-to-earn (P2E) and more. However, despite all these attractive features, the industry is yet to see a decisive shift in gamer preferences from traditional video gaming platforms to blockchain alternatives. The main reason for this shortage is the lack of knowledge about concepts such as cryptocurrency, NFTs and crypto wallets. In particular, for those new to blockchain, it is difficult to conduct transactions using crypto wallets.
Xai's Layer 3 platform is the first project to address these issues. Unique features such as seamless wallet interaction, gasless transactions, and improved scalability could cause significant disruption in the gaming industry.
A platform that offers the benefits of blockchain gaming without having to know more about crypto transactions has finally arrived. Now Xai will try to make the boldest change in gaming history by luring billions of traditional gamers to use the blockchain. If Offchain Labs achieves even partial success in this area, we will soon be talking about Xai as one of the largest gaming platforms in the world.
