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Discover the Surge: XAI Hits a Record 9 Million Transactions Daily
Play To Earn Games | 08 Aug 2024 13:24 UTC
In the rapidly evolving world of blockchain gaming, the XAI Foundation has recently shared its mid-year business update for 2024, signaling a significant leap forward in integrating high-performance gaming with web3 technologies. This period has been marked by substantial milestones such as the introduction of the Sentry Nodes Network, a remarkable increase in transaction volumes, and the rollout of the XAI Builder development platform. With over 1.7 million active wallet addresses and forging strategic partnerships, XAI is solidifying its position at the forefront of the blockchain gaming revolution.
The Pioneering Achievements of the XAI Foundation
The XAI Foundation is on a mission to catalyze the growth of the developers and games within its AI blockchain ecosystem. One of its key strategies involves attracting third-party developers, deploying effective marketing techniques, and providing funding opportunities to web3 game developers. As the steward of the blockchain and its associated tokens, the Foundation is instrumental in upholding the integrity and advancement of the platform.
XAI is tailor-made to empower real economies and facilitate open trade in the next generation of video games, enabling possibly billions of traditional gamers to own and trade valuable in-game items for the first time without the need for crypto-wallets. By running a node on the XAI network, participants not only support the network but also reap rewards and take part in governance. Developed by Offchain Labs utilizing Arbitrum technology, XAI hosts an array of web3games, including fan favorites like crypto Unicorns, Lost Glitches, and My Angry Yakuza Girlfriend (MAYG), among others.
Key Highlights of H1 2024
XAI's first half of 2024 was groundbreaking. The launch of its Sentry Nodes Network stands out, having generated over 13,000 ETH (~42.7 million USD) in key sales, making it the most substantial mint in the Arbitrum Ecosystem to date. This achievement has significantly boosted the XAI community's network stake. Moreover, the network's daily transactions have surged, reaching an astonishing rate that contributes to ethereum's all-time high in total transactions per second (TPS). The introduction of the XAI Builder, a development platform powered by Sequence technology, aims to simplify web3 elements integration for traditional game developers. Furthermore, the staking system was enhanced to staking Pools, offering more engagement and possibilities for token holders, thereby promoting network health.
Operational and Ecosystem Developments
In its continuous efforts to strengthen the XAI network's infrastructure and ecosystem, the XAI Foundation has achieved several significant developments. Strengthening partnerships and technology integrations, especially with Nirvana Labs for mainnet RPC nodes and The MIX for indie game promotion, have been crucial. These collaborations have markedly bolstered the expansion of the XAI ecosystem and refined the infrastructure available to developers. Initiatives like XAI Connect and the Tokenomics Bootcamp, in partnership with Offchain Labs, have streamlined the user experience and fostered the creation of new web3 titles. Successes such as the Vanguard: Genesis campaign and the introduction of high-profile games demonstrate XAI's dynamic growth and its sustained position as the highest-volume EVM chain by TPS since June 2024.
Looking Ahead and Final Thoughts
Moving into the second half of 2024, the XAI Foundation is poised to broaden its game portfolio and augment its blockchain network further. Anticipated titles such as Lost Glitches, My Angry Yakuza Girlfriend (MAYG), and Valeria herald the next wave of gaming experiences. Strategic partnerships and protocol enhancements will continue to underpin XAI’s infrastructure, meeting the comprehensive needs of developers, gamers, and the larger web3 community. The accomplishments achieved in the early months of 2024 lay a robust foundation for sustained development and innovation in the vibrant space of blockchain gaming. For enthusiasts eager to learn more about the XAI Foundation and its pioneering initiatives, visiting the XAI website offers a wealth of information and insights.
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