Xai is a specialized Layer-3 blockchain created for game developers, built on top of Arbitrum's Layer-2 network. It's a joint effort led by the Xai Foundation, supported by Offchain Labs, and partnered with gaming developer Ex Populus.
What is Xai Network
Here's how it works:
- Purpose: Xai is designed to blend blockchain technology with gaming, creating a decentralized gaming ecosystem.
- Technology: It uses Arbitrum Nitro technology from Offchain Labs, making it highly compatible with various top blockchains. This helps in achieving scalability, efficiency, and lower costs, which are essential for gaming.
- Decentralized Gaming Console: Xai aims to be a user-friendly platform for gamers and developers. It supports larger contracts, account abstraction, and other gaming-focused features.
- Features for Gaming: The platform includes its own blockchain and a unified token system to support gaming applications and related decentralized apps (dApps).
- Benefits: Xai focuses on reducing transaction costs and improving speed, offering a smooth gaming experience. It's particularly tailored for gaming needs.
- Testing and Development: The first game on Xai is 'Final Form' by Ex Populus. The platform is set to be a testbed for its infrastructure and is attracting third-party developers.
In summary, Xai is a blockchain solution geared towards gaming, offering a combination of technical ease for users and robust support for game developers. It's positioned to address key challenges in the gaming industry with blockchain technology.
Funding of Xai Network
$13,000,000
Total Funds Raised
There is no public information on how much the Xai Foundation has raised, aside from this source where it's mentioned that they raised 13 million. Besides that, they have a close partnership with OffChainLabs and Ex Populus.
Xai Network review
Pros
Scalability & Efficiency
Uses Arbitrum Nitro for high scalability, crucial in gaming ecosystems.
Cost-Friendly
Aims to reduce transaction costs on a Layer-3 network, benefiting developers and gamers.
Interoperability
Enables asset use across blockchains, enhancing versatility in gaming.
Decentralized Console
Aspires to be a user-friendly, decentralized gaming console.
Strong Backing
Support from Offchain Labs and Ex Populus adds credibility and expertise.
Smooth Gaming
Focuses on a frictionless experience to attract both crypto and traditional gamers.
Gaming Ecosystem
Dedicated blockchain and token system specifically tailored for gaming.
Cons
Tech Risks
Emerging technology may face unforeseen issues or vulnerabilities.
Partner Dependence
Heavily reliant on Offchain Labs and Ex Populus, affecting stability with changes.
Adoption Challenge
Success depends on uptake by game developers and gamers in a competitive market.