Xai is the first third-layer blockchain in the Arbitrum ecosystem, designed to introduce traditional gamers to web3 gaming.
Xai empowers traditional gamers to participate in open trading, enabling them to trade in-game items within their favorite games without interacting with crypto wallets. The Xai network is open and decentralized, allowing anyone to run nodes, earn network rewards, and participate in governance.
Problems addressed:
Scalability: Third-layer technology scales to hundreds of millions of users without compromising interoperability, composability, or security.
Gas fees: Xai alleviates the issue of gas fees in blockchain gaming by leveraging innovative gas subsidy contracts, completely eliminating gas fees and making in-game operations low-friction for players, fostering the development of the blockchain gaming ecosystem.
Wallet interaction barriers: Xai simplifies onboarding and use for traditional gamers by seamlessly integrating cryptocurrency wallets into the backend of the gaming experience and managing them on behalf of players, removing friction barriers.
Stability: Xai ensures the stability of its blockchain network through robust AnyTrust technology and optimized smart contract execution, providing a stable gaming environment.
XAI is Xai’s native gas token, which users can stake to receive esXAI for various purposes:
Earnings Account: Staking esXAI in an earnings account increases node operators’ esXAI earnings.
Cultural Account: Operators can stake esXAI to gain access to special game-related events and NFTs on the Xai blockchain.
Governance Account: Staking esXAI grants governance rights, allowing participation in DAO/foundation treasury proposals.
Xai primarily consists of the following components:
Operating as an Arbitrum Orbit chain, Xai leverages Anytrust technology to achieve maximum speed and minimal cost. Unlike most self-managed Orbit chains, Xai benefits from direct technical support provided by Offchain Labs.
Sentry nodes are monitoring nodes that watch over the Xai rollup protocol, raising alerts (through any means chosen by their operators) if incorrect blocks are proposed so others can intervene. The purpose of Sentry nodes is to address the validators dilemma.
Xai has raised approximately $10 million across three funding rounds at prices of $0.01, $0.032, and $0.035 per XAI, respectively.
