The XAI Foundation has released its mid-year business update for 2024, highlighting important milestones and operational advancements that have strengthened its role in blockchain gaming. The first half of the year featured the launch of the Sentry Nodes Network, increased transaction volumes, and the introduction of the XAI Builder development platform. With over 1.7 million active wallet addresses and strategic partnerships expanding its ecosystem, XAI continues to advance in high-performance gaming and web3 integration.
XAI Cover Banner on X
First, What is XAI?
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 tokens, the XAI Foundation plays a pivotal role in supporting the integrity of the platform.
Web3 Games on XAI
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 that allows them to receive network rewards and participate in governance.
XAI is developed by Offchain Labs leveraging Arbitrum technology. Some of the web3 games on XAI include Crypto Unicorns, Lost Glitches, Planet-X, Final Form, My Angry Yakuza Girlfriend (MAYG), Valeria: Land Before the War, Tarochi, Yaku Corp, Chains of the Eternals, Lamo, Hall of Goats, and Wrath of the Jungle.
Web3 Games on XAI
Key Highlights of H1 2024
- Sentry Nodes Network Launch: XAI launched its Sentry Nodes Network, generating over 13,000 ETH (~42.7 million USD) in node key sales. This milestone represents the largest mint in Arbitrum Ecosystem history and provides the XAI community with substantial network stake.
- Record Transactions: The XAI network achieved an all-time high in transactions per second (TPS), contributing to Ethereum’s record in total TPS. XAI now processes over 9 million daily transactions.
- XAI Builder Introduction: XAI unveiled XAI Builder, a web3 development platform powered by Sequence technology. This tool is designed for traditional developers to integrate web3 elements into games and decentralized applications (dApps), streamlining game creation across various devices.
- Staking System Upgrade: The XAI staking system was significantly upgraded to Staking Pools, enhancing user involvement and offering new opportunities for XAI token holders, thereby improving network health.
- Growth in Wallet Addresses: The number of active wallet addresses on XAI surpassed 1.7 million during the first half of 2024.
Epic, Legendary and Vanguard Collections
Operational and Ecosystem Developments
The XAI Foundation continued to enhance the XAI network's infrastructure and ecosystem with several key developments:
- Partnerships and Technology Integration: XAI partnered with leading technology companies, including Nirvana Labs for mainnet RPC nodes and The MIX for indie game promotion. These partnerships support the expansion of the XAI ecosystem and improve infrastructure for developers.
- XAI Connect and Tokenomics: The XAI Connect initiative simplifies the user experience by moving the wallet to the backend of dApps and games. Additionally, the XAI Tokenomics Bootcamp, conducted in partnership with Offchain Labs, has streamlined the creation of new web3 titles.
- Campaign Success: The XAI Vanguard: Genesis campaign led to XAI becoming the highest-volume EVM chain by TPS, a position it has maintained since June 2024.
- New Games and Migrations: XAI saw the release of several high-profile games, including Tarochi and Crypto Unicorns. Notable upcoming migrations include Yaku Corp, Lost Glitches, and Planet-X, further strengthening XAI's gaming portfolio.
Partners and Backers of XAI
Looking Ahead and Final Thoughts
As the XAI Foundation progresses into the second half of 2024, it will continue to expand its game portfolio and enhance its blockchain network. With upcoming titles such as Lost Glitches, My Angry Yakuza Girlfriend (MAYG), Valeria, and Final Form, the Foundation aims to provide ongoing gaming experiences.
Strategic partnerships and protocol improvements will support XAI’s infrastructure, addressing the needs of developers, gamers, and the broader web3 community. The accomplishments of the first half of 2024 provide a solid basis for further development in the coming months. For more information about the XAI Foundation and its initiatives, visit the XAI website.
