- Xai, a layer-3 blockchain protocol created to host video games is set to launch on Arbitrum network.
- The plan echoes related sentiments on the future of gaming in the blockchain world.
The world of gaming is constantly evolving, and with the advent of blockchain technology, a new era of decentralized gaming platforms is about to take center stage. Xai, a layer-3 blockchain designed specifically for video games, is set to launch later this year, leveraging the cutting-edge Arbitrum orbit technology stack.
This groundbreaking development will revolutionize the gaming industry, providing gamers with unprecedented control over their virtual worlds. Interestingly, the Xai Foundation with support from Arbitrum developer Offchain Labs and Web 3.0 games developer Ex Populus will lead the development of Xai to move the technology into the Arbitrum ecosystem.
While Xai’s vision of empowering gamers is certainly exciting, its implementation relies heavily on the innovative Arbitrum orbit technology stack. By launching on Arbitrum and leveraging the power of blockchain technology, Xai can offer a decentralized gaming experience that is secure, transparent, and accessible to gamers worldwide. Unlike traditional gaming consoles, which are controlled by centralized companies, Xai is entirely owned and operated by its users.
Looking ahead, Xai is poised to continue its growth and expansion in the gaming industry. With its decentralized gaming console and a suite of developer tools, Xai is well-positioned to become a leading player in the blockchain gaming space. As more gamers and developers discover the benefit of Xai, the platform is likely to see a surge in adoption and usage, paving the way for a new era of decentralized gaming.
The Blockchain Gaming Industry Continues to Grow
Meanwhile, data from on-chain analytics firm, DappRadar indicates that blockchain-based game playing soared by 2,000 percent between the first quarter of 2021 and the first quarter of 2022. The increase simply means that blockchain-based game-playing accounts for 52 percent of all blockchain activities.
Recall that in November 2022, VeChain-built NFT blockchain ExoWorlds entered the billion-dollar blockchain gaming market through a new partnership with sp4ce games, a blockchain gaming firm. The partnership simply means that VeChain technology is now being deployed in the blockchain gaming sector.
Likewise, in April, Myria, a decentralized Ethereum Layer-2 blockchain gaming platform, announced its Myria token launch on the OKX exchange, set to revolutionize blockchain gaming. Undoubtedly, the Myria ecosystem is set to scale digital assets, Non-Fungible Tokens (NFTs), and blockchain gaming to the next level by employing a player-first approach in the development of all its games.
In a similar vein, Chainlink introduced NFT lending and renting in blockchain gaming, with massive profit potential in the billion-dollar market. For blockchain gaming, players will be lending out in-game assets, such as characters or virtual land, to someone else for a certain amount of time, thereby creating another source of revenue for developers.
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