Web3 gaming, utilizing crypto technology, has been an intriguing application; however, it has yet to gain widespread adoption. This could soon change with the availability of Arbitrum, the most popular Ethereum Layer-2 scaling blockchain, in the gaming industry.
One of the most intriguing applications of crypto technology has been gaming, but Web3 gaming hasn’t yet become widely used. However, this might soon alter. The most popular Ethereum Layer-2 scaling blockchain, Arbitrum, is now available in the gaming industry.
The upbeat rollup revealed on Thursday that it is collaborating with the Xai Foundation, a brand-new organization developing a permissionless, gaming-specific Layer-3 on top of the Arbitrum Orbit tech stack.
Ex Populus and Offchain Labs, creators of Arbitrum, will assist Xai Foundation in leading the development.
Account and wallet abstraction are aspects of Xai that make user onboarding “easily.” Additionally, because of the way that Arbitrum manages transaction compression, games will be almost free on Xai.
No more expensive gas fees! Xai’s infrastructure, managed by the Xai Foundation and game developers, ensures a low-friction experience for gamers. Transaction costs are greatly reduced/handled by the game developer, allowing players to focus on playing and having fun.
Additionally, Xai disclosed that it would feature a unique native token.
This unique token plays multiple crucial roles within the Xai ecosystem. It serves as the gas for transactions, powers the validators that maintain the network and acts as the lifeblood of the entire ecosystem. The Xai token fuels the vibrant gaming economy while providing incentives for active participation and contribution.
Later this year, Xai is scheduled to debut.
On the other hand:
- Immutable X is one of the gaming protocols running on Ethereum Layer-2s. However, XAI is the first Layer-3 deployment.
One of the most promising economic sectors that bitcoin can transform is the gaming industry. Now that Ethereum scaling solutions like Arbitrum exist, gaming can finally take off. The present Ethereum Layer-2s still carry the risk of centralization, nevertheless.