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Singapore, Singapore, April 4, 2024, Chainwire
Xterio, a leading Web3 gaming publisher and platform, and AltLayer, an open and decentralized protocol for launching native and ZK rollup stacks, have announced the launch of a gaming-focused Restaked rollup designed specifically for Web3 games.
Xterio is a Web3 gaming ecosystem and infrastructure that distinguishes itself as a gaming publisher with world-class development capabilities, unparalleled distribution expertise and over $80 million in ecosystem funding. With five AAA games and over 45 gaming partners, Xterio has built a gaming community of over two million users worldwide and developed the most successful gaming NFT launchpad. Co-founded by industry veterans such as Michael Tong, former COO of NetEase (NASDAQ:) and CSO of FunPlus, and Jeremy Horn, former VP of Jam City, Xterio is committed to advancing the integration of Web3 technology into games and onboarding Billions of people accelerate gamers.
The Xterio chain is operated and managed by AltLayer. It will act as Layer 2, leveraging the OP stack as a rollup framework with EigenDA as the data availability (DA) layer. Unlike a classic rollup, the Xterio chain will instead take the form of a “Restaked Rollup,” a framework developed by AltLayer. As a newly staked rollup, the Xterio chain will feature MACH – an Actively Validated Services (AVS) that provides faster finality with economic certainty by leveraging EigenLayer's reallocation mechanism. The rollup will focus on Web3 and AI-powered games, with plans to build an on-chain ecosystem around AAA games leveraging the $XTER token.
In addition to integration with multiple Xterio titles, the Xterio Chain will act as the backbone of the and trade, enabling developers to seamlessly mint, distribute and manage millions of assets. The chain, along with the comprehensive Xterio technology platform, intends to make on-chain elements almost invisible thanks to account-abstracted wallets, seamless off-chain and on-chain systems, cheap transactions, one-click purchases, flexible payment marketplace and launchpad, etc to make more. In addition to facilitating transactions, the Xterio marketplace and NFT launchpad will leverage the Xterio token as a versatile payment method accepted for both purchases and gas fees, ensuring a smooth and convenient user experience.
Looking to the future, the Xterio chain will open its doors to game developers looking for a sophisticated yet user-friendly solution for their creations. The Xterio chain gives developers access to the largest first-party gaming catalog in Web3 and taps into the 2 million+ users that are currently growing rapidly.
With its promise of easy integration and cutting-edge features, the Xterio chain is poised to power the future of gaming.
Yaoqi Jia, CEO of AltLayer, said: “Xterio serves as a robust, highly respected platform for its many highly respected content partners in the gaming space. As the nature of gaming continues to evolve and the need for more powerful game mechanics, game economics and in-game transactions grows, we are pleased that Xterio has introduced Rollups to strengthen the technical capabilities of its products. With AltLayer’s novel restaked rollup product MACH, Xterio will also benefit from security and much faster finality features built using EigenLayer’s restaking mechanism, ultimately enabling a better gaming experience that benefits developers and players alike.”
Michael Tong, CEO of Xterio, stated: “Through our collaboration with AltLayer, Xterio is at the forefront of developing a state-of-the-art blockchain infrastructure to power our Web3 gaming titles and expand their availability to partners and employees.” Through use “The extensive ETH ecosystem and addressing critical user concerns such as gas fees and fast transaction completions, Xterio is poised to establish itself as a leader in high-value Web3 and beyond.”
Highly valued by industry heavyweights for its on-chain gaming capabilities, this Binance Labs-backed platform is currently expanding its gaming and technology features, including artificial intelligence (AI) integration and token adoption.
About Xterio
The Xterio Foundation in Switzerland was founded by a council and team of technology and entertainment leaders with extensive experience in game development and publishing. Its mission is to develop, publish and distribute high-quality Web2 and Web3 games and interactive entertainment.
Xterio is committed to accelerating the integration of Web3 technology into games and AI. This commitment simplifies the experience for developers and players and facilitates the widespread adoption of decentralized gaming and digital ownership. Xterio, together with its partners, operates the first gaming rollup with the latest MACH technology and one of the best launchpads for games and marketplaces. Recently, the Xterio platform successfully launched NFT sales in Overworld, Age of Dinos, Persona, Army of Fortune, and more.
The Xterio platform is developing five first-party titles powered by $XTER. Each is led by genre experts and supported by talented teams from renowned companies such as FunPlus, Riot, Tencent and Epic.
To learn more, users can visit xter.io and follow @XterioGames.
About AltLayer
Founded in 2021, AltLayer is an open and decentralized protocol for rollups. AltLayer is known for its novel product – “Restaked Rollups” – which complements existing rollups with better security, decentralization, fast finality and interoperability.
Based on its protocol is a Rollups-as-a-Service (RaaS) launcher, a hassle-free platform that allows developers and beginners to create a custom rollup in 2 minutes! This product is designed for a multi-chain and multi-VM world.
Together, these products form the foundation of a modular blockchain ecosystem that hosts hundreds of thousands of rollups that can accelerate scaling for any Web3 application. They can help save significant capital, reduce years of development work for teams, encourage innovation, and accelerate experimentation while being completely open and permissionless.
Industries from the NFT sector, Web3 gaming, DeFi, real-world asset tokenization, and others are using these rollups to scale their applications. AltLayer supports major stacks, alternative DA layers, and shared sequencers including OP Stack, Arbitrum Orbit, Polygon CDK, ZK-Rollup, Celestia, EigenDA, Avail, Espresso, and more.
Alter invites users to join its community: Twitter | discord | Official website
ContactXterio team[email protected]
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