Xai H1 2024 Highlights
- Launched its Sentry Nodes Network which resulted in over
13,000 ETH in node sales, marking it as the largest
mint in Arbitrum Ecosystem history and giving the Xai community
unprecedented stake in the network.
- Reached an all-time high in transactions per second (TPS),
pushing the Ethereum ecosystem to its own all-time
high in total TPS, and is currently boasting over 9 million daily
transactions on Xai.
- Introduced Xai Builder, a comprehensive web3 development
platform powered by Sequence technology for traditional developers
to incorporate web3 elements into their games and
dApps.
- Instituted a significant upgrade to the Xai staking system,
Staking Pools, to enhance user involvement by offering new
opportunities for Xai token holders and network health.
- Surpassed 1.7 million active wallet addresses
GEORGETOWN, Cayman Islands,
Aug. 5,
2024 /PRNewswire/ -- Xai Foundation, a core
contributor to the gaming-centric blockchain network, Xai, today
released its mid-year business update for the 2024 calendar
year.
Soby, a core contributor to Xai, remarked, "The first
half of 2024 was transformative for Xai. Our ecosystem has
experienced unprecedented growth, from the successful launch of Xai
Builder, to the expansion of our gaming portfolio through strategic
partnerships. The enthusiastic adoption of our Sentry Node system
and the surge in network activity underscore Xai's position as the
blockchain solution of choice for high-performance gaming, as the
Xai Vanguard: Genesis campaign has propelled us to become the
highest-volume EVM chain by TPS in the industry. With developers
and gamers increasingly embracing our technology, it's clear that
Xai is setting new standards in the blockchain gaming industry and
we're excited to continue pushing the boundaries of gaming and
delivering unparalleled experiences for our players."
Xai has seen remarkable growth across several key metrics in the
first half of 2024, solidifying its position in the blockchain
gaming sector. New daily addresses and active monthly addresses
have surged, as the company surpassed 1.7 million active wallet
addresses during H1 2024.
This progress reflects the strong demand for Xai's
high-performance gaming infrastructure. Recent initiatives, such as
the launch of Xai Builder and Xai Connect, have played a crucial
role in expanding Xai's ecosystem and driving its rapid growth,
with Crypto Unicorns, a game recently migrated
to Xai, being named the #1 play-to-earn game by Dappradar.
As the leading blockchain for gaming and high-performance
applications, Xai continues to evolve its offerings to meet the
changing needs of developers, gamers, and the broader Web3
community.
Operational Update
Xai Foundation
The Xai Foundation continues to ensure the maintenance, validity
and security of the Xai Network, furthering its development as a
premier blockchain for gaming and high-performance applications
with major announcements such as:
- Launched its Sentry Node Network which resulted in over 13,000
ETH (~42.7M) in node key sales, marking it as the
largest mint in Arbitrum Ecosystem history.
- Introduced Xai Builder, a comprehensive web3 development
platform powered by Sequence technology for traditional developers
to incorporate web3 elements into their games and
dApps.
- Xai Builder provides a unified development environment that
simplifies game creation on Xai, and enables developers to quickly
deliver high-quality gaming experiences across multiple
devices.
- Prepared for the launch of industry-leading titles by
partnering with the best primitive and infrastructure providers,
including Nirvana Labs.
- Deployed mainnet RPC nodes on Nirvana Cloud, which are
available for developers using their baremetal web3 optimized cloud
infrastructure.
- Announced the completion of the pilot phase for the Xai
Tokenomics Bootcamp in partnership with Offchain Labs which
provided extensive expertise to development teams and streamlined
the creation process of both new web3 titles and established games
looking to build or add web3 framework to an existing
experience.
- Initiated the Xai Vanguard: Genesis campaign to promote
adoption of the Xai Blockchain and ecosystem.
- This campaign quickly propelled the Xai Blockchain to the
highest volume EVM chain in the industry according to L2beat.com,
and has led in this category for well over a month since the middle
of June 2024. Xai remains the only
gaming-centric blockchain to hold this accomplishment, featuring
5-100x more TPS than notable industry competitors.
Xai Ecosystem
The Xai Ecosystem experienced record-setting accomplishments for
the industry with milestones including:
- Reached an all-time high transactions per second (TPS) for both
Ethereum and Xai with over 12 million daily
transactions on Xai.
- Surpassed 1.7 million active wallet addresses in H1 2024.
- Instituted a significant upgrade to the Xai staking system,
Staking Pools, to enhance user involvement by offering new
opportunities for Xai token holders and network health.
- Partnered with industry-leading technology companies including
- Indie game promotional platform, The MIX, to bring over 100
indie games to build on Xai over the next year.
- Paved the way for mainstream adoption of blockchain technology
through Xai Connect by moving the wallet to the backend of the
experience for games and dApps on Xai.
Through the first half of 2024, Xai released premiere games
including, Tarochi and Crypto Unicorns, and announced
anticipated migrations for many more coming soon including:
- Cyberpunk-themed MMO with a vast interactive
metaverse, Yaku Corp.
- The Open Beta for Lost Glitches, a blend of web2 familiarity
and web3 innovation, which has emerged as a standout title in the
Xai blockchain network.
- Free-to-play extraction shooter treasure hunt game, Planet X,
is set to bring its unique "hunt, extract, win" gameplay to the Xai
network with a host of real-world prizes.
- Valeria Games' Land Before War,
a mobile real-time strategy (RTS) game made for iOS and Android,
announced it will be migrating to Xai ahead of its planned launch
later this year.
What's Next
For the next half of 2024, Xai Foundation will continue to work
with premiere web3 games in the space by expanding its portfolio of
games deploying on Xai with titles including Lost Glitches, My
Angry Yakuza Girlfriend (MAYG), Valeria and the highly anticipated
game from Ex Populus, Final Form. In addition to bringing Xai users
a continuous stream of high quality game releases, Xai Foundation
will maintain advancements to the Xai blockchain through strategic
partnerships and enhancement of the protocol, sentry nodes and
ecosystem.
About Xai Foundation
The primary objective of the Xai Foundation is to foster the
growth of developers and games within the Xai AI blockchain
ecosystem. This encompasses attracting third-party developers,
implementing effective marketing strategies, and offering financing
opportunities to web3 game developers. As the custodian of the
blockchain and its associated token, the Xai Foundation plays a
pivotal role in supporting the integrity of the platform.
About Xai Games
Xai was developed to enable real economies and open trade in the
next generation of video games. With Xai, potentially billions of
traditional gamers can own and trade valuable in-game items in
their favorite games for the first time, without the need to use
crypto-wallets. Anyone can support the Xai network by
operating a node which allows them to receive network rewards and
participate in governance. Xai is developed by Offchain Labs
leveraging Arbitrum technology.
For media inquiries, please contact: marketing@xai.games
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SOURCE Xai Foundation