INVEST IN XAI NOW!!
What is Xai?
Xai Blockchain (XAI) is an innovative layer-3 blockchain developed on top of Arbitrum, a layer-2 scaling solution for Ethereum. The foundation of Ethereum is layer 1, which guarantees unmatched security and decentralization. The Layer 2 Arbitrum maximizes scalability by processing transactions off-chain, cutting costs and speeding up operation Whereas Layer 3 Xai offers parallel processing and innovations for improved scalability, efficiency, and cost reduction.
Xai offers consumers faster transaction speeds and less costs while ensuring increased reliability and safety by building upon the strong foundation of Ethereum. It was designed specifically to address the issues with scaling Web3 gaming.
According to their website, Xai’s mission is to bridge traditional gaming with the Web3 space, allowing gamers to own and trade in-game items effortlessly without complex crypto wallets.
It was developed by Offchain Labs leveraging Arbitrum Technology with games from Ex Populus and other game developers,
What makes XAI unique?
Blockchain gaming has long been held back by a series of significant challenges, ranging from gas fees to cumbersome wallet interactions. These hurdles have hindered the industry’s growth and its ability to provide seamless, enjoyable experiences for players. Some of the issues that Xai addresses are:
· Addressing Gas Fees
One of the most glaring issues in blockchain gaming has been the exorbitant gas fees that users encounter when conducting transactions on certain blockchain networks. Xai has recognized this challenge and is designed with a “gas subsidy” contract. This means games deployed to Xai will have gas fees subsidized by the network. As a result, players can expect to play games on Xai without the need to pay for gas fees.
· Ensuring Blockchain Stability
Blockchain stability is vital for a smooth gaming experience. Xai’s architecture prioritizes network reliability, ensuring minimal downtime and congestion. By providing a stable environment, Xai enables seamless gameplay, eliminating the frustrations often associated with more unreliable blockchain networks.
· Fostering Creative Game Design
Xai is committed to fostering innovative game design that places the player experience at the forefront. Xai empowers developers to create imaginative and entertaining gameplay by supporting a diverse range of game genres and mechanics, it also encourages developers to focus on delivering engaging experiences that captivate players, rather than just token incentives.
· Seamless Wallet Integration
Xai recognizes that the requirement for players to interact directly with cryptocurrency wallets has been a significant barrier to adoption. To address this, Xai partners with Thirdweb to seamlessly integrate wallet management into the backend of the gaming experience. Players no longer need to worry about handling wallets; the platform manages this aspect for them, simplifying onboarding and user interaction.
In summary, Xai directly addresses the key challenges that have hindered the growth of blockchain gaming. With its focus on reducing gas costs, enhancing network stability, promoting creative game design, and maximizing the potential of blockchain technology while minimizing user wallet interactions, Xai is poised to bring forth the forthcoming era of blockchain gaming.
Xai Price Prediction
Xai price prediction will look at the impact of developments in the Xai ecosystem, scheduled on the Xai roadmap .
It is worth remembering here that, at the time of writing, the Xai token price is still in its discovery period.
The blockchain’s first two games — Final Form and LAMOverse, will launch on the Xai network. This is set to skyrocket the price of the coin.
With the oncoming Bitcoin Halving event, due in Q2 of 2024 and the approval of ETFs opening Bitcoin to a whole new basket of institutional capital. Any effect this has on the Bitcoin price could also affect altcoins, as their prices typically follow in the wake of Bitcoin’s price changes. This is almost sure to drive interest in the Xai token and, therefore, its price.
Partnerships to Help Drive Success
To drive innovation and produce the best possible experience for gamers the Xai Foundation has made a number of partnerships. These include the aforementioned partnerships with Offchain Labs to continue the development of the Xai network.
In addition to this, the Xai Foundation has also partnered with the Web3 gaming company Ex Populus, which is spearheaded by veterans from renowoned companies such as Activision, Blizzard, and Ubisoft. Ex Populus is developing the first two games for the Xai network, Final Form and LAMOverse.
XAI Token and Its Utility
The Xai token is the utility token of the Xai ecosystem and it has three different use cases:
· As the gas token of the Xai network.
· As rewards for validator nodes for validating transactions for the network.
· As the primary token within the Xai gaming ecosystem, accepted as a form of payment for games and in-game items.
Is Xai a good Investment?
With the blockchain gaming market predicted to see explosive growth over the next few years, it seems sensible to say that the Xai token is a definite buy.
That being said, the continuing maturation of the cryptocurrency market, the adoption of cryptocurrencies by traditional investors, and the steady implementation of crypto regulations around the world are critical to the success of blockchain technology in monetizing markets like gaming — and this is something that those looking to hold Xai for the long term should keep in mind.
As always with crypto, you will need to make sure you do your own research before deciding whether or not to invest in XAI.
Where to buy your XAI tokens?
You can get your Xai tokens on exchanges like Binance, Bybit, Kucoin, Gate.io, Phemex, Uniswap etc. Coinmarketcap
Disclaimer
Please note that the contents of this article are not financial or investing advice.
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