Singapore, Singapore, April 4th, 2024, Chainwire
Xterio, a number one Web3 gaming writer and platform, and AltLayer, an open and decentralized protocol for launching native and ZK rollup stacks, have introduced the launch of a game-focused restaked rollup designed particularly for Web3 video games.
Xterio is a Web3 gaming ecosystem & infrastructure, distinguishing itself as a gaming writer with top-notch growth abilities, unparalleled distribution experience, and over $80M raised in ecosystem funding. With 5 AAA video games and over 45 gaming companions, Xterio has amassed a gaming neighborhood of over two million customers worldwide and developed probably the most profitable gaming NFT launchpad. Co-founded by business veterans like Michael Tong, former COO of NetEase and CSO of FunPlus, and Jeremy Horn, former Vice President of Jam Metropolis, Xterio is dedicated to accelerating the combination of Web3 expertise into gaming and onboarding billions of players.
The Xterio chain will likely be run and managed by AltLayer. It can function as a Layer 2 selecting Ethereum and make the most of the OP Stack because the rollup framework with EigenDA because the Knowledge Availability (DA) layer. In contrast to a classical rollup, Xterio chain will as an alternative take the type of a “restaked rollup”, a framework pioneered by AltLayer. As a restaked rollup, the Xterio chain will include MACH – an Actively Validated Companies (AVS) providing quicker finality with financial safety by leveraging EigenLayer’s restaking mechanism. The rollup will concentrate on web3 and AI-powered video games, with plans to construct an on-chain ecosystem round AAA video games leveraging the $XTER token.
Along with being built-in throughout a number of Xterio titles, the Xterio chain will act because the spine of the Xterio ecosystem, providing a gateway to a vibrant gaming ecosystem and empowering gamers to effortlessly accumulate, personal, and commerce digital belongings in a secure and accessible surroundings and permitting builders to mint, distribute, and handle thousands and thousands of belongings seamlessly. The chain, alongside the great Xterio tech platform, intends to make on-chain parts nearly invisible because of account abstracted wallets, seamless off-chain and on-chain techniques, low-cost transactions, single-click purchases, versatile fee market and launchpad, and extra. Along with facilitating transactions, the Xterio market and NFT launchpad will embrace the Xterio token as a flexible fee methodology, accepted for each purchases and fuel charges, making certain a clean and handy person expertise.
Trying forward, the Xterio chain will open its doorways to recreation builders looking for a complicated but user-friendly resolution to energy their creations. By means of the Xterio chain, builders may have entry to probably the most intensive first-party gaming catalog in Web3 and faucet into its over 2 million person base, which is presently quickly rising.
With its promise of straightforward integration and cutting-edge capabilities, the Xterio chain stands able to drive the way forward for gaming.
Yaoqi Jia, CEO of AltLayer, mentioned: “Xterio serves as a robust, highly respected platform to its numerous, highly-regarded content partners in the gaming space. As the nature of gaming evolves and calls for higher-performing game mechanics, game economics, and in-game transactions grow, we’re delighted that Xterio has embraced rollups to strengthen its products’ technical capabilities. With AltLayer’s novel restaked rollup product MACH, Xterio will also enjoy security and much faster finality features built using EigenLayer’s restaking mechanism that will ultimately underpin a better gaming experience to benefit developers and players alike.”
Michael Tong, CEO of Xterio, expressed: “Through our collaboration with AltLayer, Xterio is spearheading the development of a cutting-edge blockchain infrastructure to fuel our Web3 gaming titles and extending its availability to partners and collaborators. By harnessing the expansive ETH ecosystem and addressing critical user concerns like gas fees and rapid transaction finality, Xterio is poised to emerge as a frontrunner in high-quality Web3 and beyond.”
Extremely regarded for its on-chain gaming capabilities by business bigwigs, this Binance Labs-backed platform is now constructing out its recreation and expertise capabilities, together with synthetic intelligence (AI) integration and token launch.
About Xterio
Xterio Basis in Switzerland was based with a council and by a workforce of expertise and leisure leaders with deep recreation growth and publishing expertise. Its mission is to develop, publish, and distribute high-quality Web2 and Web3 video games and interactive leisure.
Xterio is dedicated to accelerating the combination of Web3 expertise into gaming and AI. This dedication simplifies the expertise for builders and gamers, facilitating the widespread adoption of decentralized gaming and digital possession. Xterio, along with its companions, function the primary gaming rollup with the newest MACH expertise and the most effective launchpads for video games and marketplaces. Lately, the Xterio platform has efficiently launched NFT gross sales in Overworld, Age of Dinos, Persona, Military of Fortune, and extra.
The Xterio platform is creating 5 first-party titles powered by $XTER. Every is led by style consultants and supported by proficient groups from famend entities like FunPlus, Riot, Tencent, and Epic.
To study extra, customers can go to xter.io and observe alongside at @XterioGames.
About AltLayer
Based in 2021, AltLayer is an open and decentralized protocol for rollups. AltLayer is understood for its novel product – ‘restaked rollups’ – which dietary supplements present rollups with higher safety, decentralization, quick finality, and interoperability.
Constructed atop its protocol is a Rollups-as-a-Service (RaaS) launcher, a hassle-free platform permitting builders and newcomers to spin up a personalized rollup inside 2 minutes! This product is designed for a multi-chain and a multi-VM world.
Collectively, these merchandise kind the bedrock of a modular blockchain ecosystem – house to a whole bunch of 1000’s of rollups that may speed up scaling for any Web3 utility. They might help save appreciable capital, scale back years of growth work for groups, encourage innovation, and fast-track experimentation whereas being totally open and permissionless.
Industries spanning the NFT sector, Web3 gaming, DeFi, real-world asset tokenization, and others leverage these rollups to scale their functions. AltLayer helps main stacks, various DA layers, and shared sequencers, together with OP Stack, Arbitrum Orbit, Polygon CDK, ZK-rollup, Celestia, EigenDA, Avail, Espresso, and extra.
Alter invitations customers to hitch its neighborhood: Twitter | Discord | Official Web site
Contact
Xterio Staff
press@xter.io
