Xai Review: Layer 3 Platform With Breakthrough Features

January 25, 2024 - Around 12 mins mins to read

Xai is a Layer 3 blockchain in the form of Orbit Chain, allowing developers to freely design and adjust the structure of the Xai blockchain according to Arbitrum’s technologies. Today, let’s learn about this project with Coincu through the article Xai Review.

Xai Review: Layer 3 Platform With Breakthrough Features

Table Of Contents

What is Xai?
Xai ecosytem
What problem was Xai created to solve?
Main products of XAI
Highlights of Xai Blockchain
How does Xai work?
XAI Token
Roadmap of Xai Blockchain
Xai's Team
Investors and Partners of Xai
Conclusion of Xai Review

But first, we need to find out what the definition of Layer 3 is:

What is Xai?

XAI is a Layer 3 blockchain designed exclusively for gaming purposes backed by Offchain Labs. The primary objective of XAI is to streamline the buying and selling of in-game items for traditional gamers, eliminating the need for cumbersome cryptocurrency wallets and simplifying their participation in the crypto space.

XAI uses Arbitrum technology, providing a robust and efficient Layer 3 blockchain solution. This technology aims to bridge the gap between traditional gamers and the world of blockchain, removing the technological barriers associated with cryptocurrency transactions.

Xai ecosytem

Xai blockchain has introduced a decentralized system where individuals can actively participate in running network nodes, receive rewards, and engage in network management. This shift toward openness and democracy signifies a unique approach to network development, allowing contributors to both shape and benefit from the platform’s growth.

One of the notable features of the XAI network is its flexibility in setting gas limits (transaction fees) and smart contracts. This breakthrough empowers game developers to create more intricate and immersive games without the constraints of high gas costs or limitations associated with traditional smart contracts. This newfound freedom is set to revolutionize the gaming industry, offering developers the tools to craft complex games and conduct multiple transactions seamlessly.

Facilitating this transformative journey is the XAI Foundation, a key player in the development of the XAI ecosystem. Beyond supporting game developers on the platform, the foundation actively promotes games and seeks funding for innovative projects. Currently, they are spearheading the development of four distinct games, each poised to deliver a unique and diverse gaming experience.

In the realm of card games, Final Form emerges as a blend of strategy and luck. Boasting a diverse card system and a creative playing mechanism, this game promises to captivate enthusiasts of the genre with its unique offerings.

Stepping into the action genre, LAMOverse immerses players in a vibrant world teeming with captivating details and agile gameplay. This action-packed game guarantees players thrilling moments of entertainment, making it a standout in its category.

For lovers of role-playing games, Tarochi Game beckons with a vast world to explore, diverse character interactions, and exciting adventures. Offering players the chance to transform into characters and shape their own narrative, Tarochi Game stands as an engaging RPG experience.

As a survival game, Web3 Warriors thrusts players into a challenging environment where skills and intelligence are paramount for survival and victory. Beyond being an entertaining game, Web3 Warriors serves as a true test of strategic thinking and survival instincts.

What problem was Xai created to solve?

By addressing key concerns, Xai aims to usher in a new era of accessibility, stability, and engaging gameplay experiences.

Xai recognizes the barriers faced by new users when interacting with crypto wallets. Complex operations can deter potential players from joining blockchain games. With an emphasis on user-friendly interfaces, Xai strives to streamline interactions, making entry into blockchain gaming more accessible for all.

Gas fees have been a persistent challenge for blockchain games, driven by inefficiencies and network congestion. Xai acknowledges the hindrance these fees pose to the ecosystem’s development and user adoption. Through innovative solutions, Xai seeks to alleviate the impact of high transaction fees, ensuring a more cost-effective and seamless gaming experience.

Recognizing the paramount importance of a stable blockchain infrastructure, Xai addresses concerns regarding network stability. Xai aims to provide a reliable and secure foundation for gaming, acknowledging that current blockchain networks may suffer from instability, impacting the overall user experience.

Xai challenges the prevalent trend of monetary-focused game design that dominates the current landscape. Many blockchain games place excessive emphasis on complex tokenomics models at the expense of innovative and enjoyable gameplay.

The aftermath of the 2021 bull run and subsequent crash demonstrated the temporary nature of relying solely on in-game token rewards for user engagement. Xai advocates for a more balanced approach, focusing on creating immersive and sustainable gaming experiences.

Xai recognizes the need to simplify the often-overwhelming game and economic systems present in blockchain games. The complexity of these systems can be discouraging for new users. Xai strives to create a more user-friendly environment, ensuring that potential players are not overwhelmed or deterred by intricate structures, thus fostering greater interest in blockchain gaming.

Main products of XAI

In a groundbreaking move for blockchain technology, Xai has introduced its Layer 3 blockchain, officially mainnetting on January 9, 2024. This innovative blockchain is set to redefine the gaming landscape, offering developers a unique playground on the Arbitrum platform.

Prior to its mainnet launch, Xai’s testnet showcased impressive stability, boasting an average of 4 million transactions per day and hosting over 500,000 wallets. Notably, Xai’s blockchain stands out by allowing users to utilize XAI tokens as gas fees, aligning with efficient sidechain models and emphasizing its commitment to a seamless gaming experience.

Complementing its Layer 3 blockchain, Xai introduces Sentry Nodes, playing a pivotal role in authenticating transactions on the network. These nodes facilitate secure transaction transfers between Layer 2 and Layer 1, enhancing efficiency and bolstering security measures.

Acquiring a Sentry License Key and completing Know Your Customer (KYC) procedures enables users to actively participate in this revolutionary network, highlighting Xai’s commitment to decentralization and accessibility in the world of blockchain technology.

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Highlights of Xai Blockchain

Xai’s implementation of Layer 3 technology on Arbitrum is set to revolutionize scalability, allowing the blockchain to cater to hundreds of millions of users seamlessly. This breakthrough ensures compatibility, security, and addresses gas fee concerns, thereby making in-game activities more convenient for players. By mitigating gas fee challenges, Xai aims to foster the growth of the blockchain gaming ecosystem.

Xai goes beyond conventional solutions by addressing virtual wallet engagement challenges for traditional players. The integration of virtual wallets behind the gaming experience streamlines user interactions, minimizing registration processes, and enhancing overall usability. Furthermore, the stability of the Xai blockchain is ensured through the incorporation of AnyTrust technology and smart contract optimization, providing a reliable environment for an optimal gaming experience.

Xai’s unique structure, presented in the form of Orbit Chain, empowers developers by allowing them to freely design and adjust the Xai blockchain according to Arbitrum Rollup and Arbitrum AnyTrust. With the incorporation of Arbitrum Rollup, Xai inherits security capabilities, while Arbitrum AnyTrust facilitates low gas fee transactions, encouraging widespread developer support.

To enhance user experience, Xai integrates the Web3 wallet available in the network. This integration allows users to seamlessly experience the ecosystem without the complexities of managing virtual wallets. Designed specifically for gaming, Xai provides a platform where developers can build and develop games without worrying about performance issues.

The introduction of Sentry nodes marks a significant milestone for Xai’s aggregation protocol. These observer nodes monitor the network, issuing warnings if incorrect blocks are proposed, enabling swift intervention. With achievements including total revenue surpassing $20 million in just three weeks, over $2.5 million awarded to referral partners, the sale of more than 30,000 Keys, and over 5,000 active nodes, Xai’s Sentry nodes have effectively addressed the verifier’s dilemma.

Ex Populus, a reputable game development studio, has become the trailblazer by deploying its games on the Xai Blockchain. Industry veterans from renowned companies lead Ex Populus, including Pixar, Ubisoft, Activision, Blizzard, and more. Currently developing highly anticipated games like Final Form and LAMOverse, Ex Populus has paved the way for numerous developers to embrace the Xai Blockchain.

How does Xai work?

Xai stands out as an Arbitrum Orbit chain, employing cutting-edge Anytrust technology to achieve unparalleled speed and cost-effectiveness. What sets Xai apart is its unique collaboration with Offchain Labs, providing direct technical support that distinguishes it from other Orbit chains.

Anytrust, the underlying technology powering Xai, implements innovative methods to optimize performance:

AnyTrust revolutionizes transaction fees by introducing Trust Assumptions. This entails entrusting the responsibility of storing and providing data on demand to an external entity known as the Data Access Commission Whether.

Comprising N members, this committee operates on the reliable assumption that at least two members are honest. This approach not only reduces transaction fees but also enhances the overall security of the system.

Central to AnyTrust’s architecture is the Keyset, a pivotal component that identifies the public keys of Committee members. The Keyset also determines the number of signatures required to validate the data availability certificate (DACert).

This unique feature provides unparalleled flexibility by allowing for changes in Committee membership and enabling members to update their keys as needed, ensuring adaptability in the rapidly evolving blockchain environment.

AnyTrust introduces a sophisticated approach to data transmission with its parallel data-sending mechanism on Layer 1. While traditional methods involve sending entire data blocks, AnyTrust enhances efficiency by introducing an alternative: the ability to send data availability certificates (DACert). This innovative approach streamlines data transmission, contributing to faster processing and improved scalability.

XAI Token

Key metrics

Token name: Xai
Ticker: XAI
Blockchain: Arbitrum One
Contract: 0x4Cb9a7AE498CEDcBb5EAe9f25736aE7d428C9D66
Token type: Utility, Governance
Total Supply: 2,500,000,000 XAI
Circulating Supply: 277,118,150 XAI (11.08% of total supply)

Use Cases

Owning XAI tokens grants holders the privilege to actively participate in the governance and decision-making processes of the Xai network. By possessing XAI tokens, individuals gain the right to voice their opinions and cast votes on critical network matters.

XAI tokens serve as the primary medium for settling transaction fees incurred within the Xai network. Similar to traditional monetary systems where currency is utilized to cover service charges, XAI tokens facilitate seamless and efficient transactions while incentivizing network usage.

As users engage in activities across the Xai blockchain, the utilization of XAI tokens streamlines fee settlements, enhancing the overall transactional experience within the ecosystem.

Staking represents a fundamental aspect of the Xai network’s consensus mechanism, wherein token holders have the opportunity to contribute to network stability and earn rewards in return.

By staking their XAI tokens, individuals actively contribute to the security and integrity of the network, fostering a more resilient ecosystem. Additionally, participants are rewarded for their staking efforts, further incentivizing long-term engagement and commitment to the network’s sustainability.

Token Allocation

Node, Community and DAC: 50.1%
Investors: 22.4%
Team: 20%
Ecosystem: 7.5%

Release Schedule

Roadmap of Xai Blockchain

Development

September 2023: Launch of the Final Form Bridge to help transfer assets from Solana to the Arbitrum ecosystem.
October 2023: Launch of the XAI token.
November 2023: Launch of the XAI Validator program to enhance network decentralization.
December 2023: Launch of the XAI blockchain and beta version of Final Form game.

Q1 2024

Airdrop for users
Mainnet launch
Launch of staking

Q2 and Q3 2024

Collaborate and deploy with game projects into the XAI ecosystem

Xai’s Team

Offchain Labs, the team behind the Arbitrum scaling solution, has unveiled its core members steering the XAI Foundation. The XAI Foundation, which remains a key player in advancing decentralized technologies, now provides insights into its leadership. Below are the co-founders who have been instrumental in shaping Offchain Labs and driving the XAI project forward:

Steven Goldfeder brings a wealth of experience to the table, having spent formative years as an engineering intern at Google Group. His brief yet impactful stints at Google and a brief tenure as an analytics intern at Microsoft laid the groundwork for his journey. Over the past four years, Goldfeder has been the driving force behind the growth and development of Offchain Labs.

With a PhD in computer science and engineering from the University of Washington, Ed Felten stands as a stalwart in the field. Felten’s career highlights include serving as Chief Engineer at the Federal Trade Commission and later assuming a senior leadership role as Deputy Director of US Technology at the US White House.

Currently, he holds a distinguished position as a Professor of Computer Science and Public Affairs at Princeton University. Alongside Steven Goldfeder, Felten co-founded Offchain Labs in September 2018, a pivotal moment during the crypto winter.

Harry Kalodner’s academic prowess shines through with a Bachelor’s degree in Computer Science and Mathematics from Bowdoin College, followed by a PhD in Computer Science from Princeton University.

Kalodner’s journey includes an enriching internship experience at Apple, where he honed his skills in a corporate environment. His technical expertise and dedication have been pivotal in shaping Offchain Labs’ vision and contributing to the development of the Xai blockchain.

Investors and Partners of Xai

The Xai project has attracted $10 million through three private sales rounds, with prices of $0.01, $0.032 and $0.035, respectively. However, the list of Xai’s main investors has not yet been disclosed.

Conclusion of Xai Review

Xai stands out as one of the emerging Layer 3 projects in the blockchain market, distinguishing itself with a focused emphasis on the burgeoning GameFi segment.

Positioned at the intersection of blockchain technology and gaming, Xai ambitiously aims to revolutionize the traditional gaming landscape by seamlessly transitioning users towards the game-to-earn model. Hopefully, the Xai Review article has helped you gain more information about the project.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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