• Arbitrum announced a partnership with Xai and game developer Ex Populus to create a gaming-focused Layer-3 platform on Arbitrum Orbit.
• The new Xai network will feature account and wallet abstraction, low transaction costs, and its own native token for incentivization.
• Xai’s launch is expected to bring more Web3 gaming to the mainstream.
Arbitrum Enters Gaming World with Xai Partnership
Arbitrum, the most widely used Ethereum Layer-2 scaling blockchain, has announced a partnership with Xai Foundation, a new entity building a permissionless gaming-specific Layer-3 on top of the Arbitrum Orbit technology stack. The platform will be supported by Offchain Labs and games developer Ex Populus.
Features of Xai Network
The new Xai network will feature account and wallet abstraction that makes user onboarding easier than ever before as well as near-free transactions due to how Arbitrum handles transaction compression. It also has its own native token which serves multiple functions such as gas for transactions, powering validators for maintaining the network, and acting as an incentive for users to actively participate in the ecosystem.
Expectations from Xai Launch
With the launch of this new platform, it is expected that Web3 gaming will become much more accessible to mainstream audiences. This could bring about huge potentials in terms of crypto technology applications within various aspects of entertainment media.
Xai Team
The development of this project is primarily led by the XAI Foundation with help from Arbitrum developers Offchain Labs and game developers Ex Populus. These teams are working together to provide support services for game developers who wish to take advantage of this technology stack in their own projects.
Conclusion
In conclusion, it appears that Arbitrum’s partnership with XAI could be a major turning point in terms of bringing Web3 gaming into the mainstream market due its features such as near free transactions and its own native token incentivizing active participation in the ecosystem . With these features combined with experienced teams behind them, it seems likely that we’ll see wider adoption of this technology soon enough.