Today, the gaming currency The news was reported on Twitter by major cryptocurrency exchanges Gate.io and Bybit.
Today, the gaming currency The news was reported on Twitter by major cryptocurrency exchanges Gate.io and Bybit.
Here is the main factor that makes XAI rise 49%
XAI was created by Xai Foundation and Offchain Labs based on Arbitrum and is a Layer 2 blockchain built for AAA games. The main goal of this is to lead the way for blockchain technology to come to gaming. It helps to acquire, own and exchange various game items, turning the gaming ecosystem into a decentralized and completely transparent one.
The main reason for XAI’s surprising price increase, according to the tweet posted by Bybit, is the fact that startup Orivium created and launched a money-making game with the same name on the Arbitrum chain. It is a “blockchain-enhanced real-time strategy game” and will be powered by XAI technology.
XAI technology will allow this strategic game to have small transaction fees, stable gameplay, easy-to-understand game interaction, and simple ways to integrate blockchain wallets. This is a major breakthrough in the blockchain gaming space.
Since Sunday, the XAI coin has shot up 57.77% overall and is now trading at $0.9511 on the Binance exchange. The maximum supply of this coin is equal to 2.5 billion XAI; 3% was allocated to be awarded as a prize on Binance during the launch on January 4.
Elon Musk’s xAI startup is doing well
Elon Musk, tech mogul, owner of App X, and CEO of Tesla and SpaceX, launched his startup xAI in November 2023 to compete with OpenAI and its AI chatbot, ChatGPT.
Shortly after the launch, xAI launched its own chatbot, called Grok, and was integrated into the X social media platform for Premium+ subscribers, who pay a monthly fee to access it.
Musk decided to look for a new company after harshly criticizing OpenAI for creating “woke” ChatGPT; The chat bot avoids discussing certain sensitive topics with users. Musk claimed this was a big drawback and decided to launch his own AI chatbot.
