Xterio Launches Gaming-Oriented Blockchain in Collaboration with AltLayer Aiming for Wider Web3 Gaming Adoption

adminApril 5, 2024

Singapore, Singapore, April 4, 2024, Chainwire

Xterio, a leading Web3 games publisher and platform, and AltLayer, an open and decentralized protocol for running native and ZK rollup stacks, announced the launch of a gaming-focused restaking rollup designed specifically for Web3 games.

Xterio is a Web3 gaming ecosystem and infrastructure that distinguishes itself as a game publisher with leading development technology, unparalleled distribution expertise, and over $80 million raised in ecosystem funding. With five AAA games and over 45 gaming partners, Xterio has amassed a gaming community of over 2 million users worldwide and developed the most successful gaming NFT launchpad. Co-founded by industry veterans such as Michael Tong, former COO of NetEase and CSO of FunPlus, and Jeremy Horn, former VP of Jam City, Xterio is dedicated to integrating Web3 technology into games and onboarding billions of gamers.

The Xterio chain is run and managed by AltLayer. It operates as a layer 2 settlement on Ethereum and uses EigenDA as the data availability (DA) layer, leveraging the OP stack as a roll-up framework. Unlike traditional rollups, the Xterio chain takes the form of a “restaked rollup,” a framework pioneered by AltLayer. As a re-stake rollup, the Xterio chain comes with MACH, an Actively Validated Services (AVS) that leverages EigenLayer’s re-staking mechanism to provide faster finality with economic security. Rollup will focus on web3 and AI-based games, with plans to build an on-chain ecosystem around AAA games leveraging the $XTER token.

In addition to being integrated into multiple Xterio titles, the Xterio Chain will serve as the backbone of the Xterio ecosystem, providing a gateway to a vibrant gaming ecosystem and allowing players to easily collect, own, and trade digital assets in a safe and accessible environment. Empowers developers to seamlessly create, deploy, and manage millions of assets. Together with the comprehensive Xterio technology platform, the chain plans to make the on-chain element virtually invisible thanks to account abstraction wallets, seamless off-chain and on-chain systems, low-cost transactions, one-click purchases, flexible payment marketplaces, and launchpads. more. In addition to facilitating transactions, the Xterio Marketplace and NFT Launchpad adopt the Xterio token as an accepted versatile payment method for both purchases and gas fees, ensuring a seamless and convenient user experience.

In the future, the Xterio Chain will open the door to game developers looking for sophisticated yet user-friendly solutions to power their creations. The Xterio Chain gives developers access to the broadest catalog of first-party games on Web3 and leverages a current and rapidly growing user base of over 2 million users.

Promising easy integration and cutting-edge features, the Xterio Chain is ready to drive the future of gaming.

Yaoqi Jia, CEO of AltLayer, said: “Xterio serves as a strong and respected platform for numerous highly regarded content partners in the gaming space. As the nature of games evolves and the need for higher-performance game mechanics, game economies, and in-game transactions increases, we are pleased that Xterio is adopting Rollup to strengthen the technical capabilities of its products. With MACH, AltLayer’s new re-staking rollup product, Xterio will enjoy much faster final features and the security built using EigenLayer’s re-staking mechanism, ultimately enabling a better gaming experience for both developers and players.”

Michael Tong, CEO of Xterio, said: “Through our collaboration with AltLayer, Xterio is leading the development of a cutting-edge blockchain infrastructure to facilitate Web3 gaming titles and expand their availability to partners and collaborators. By leveraging the extensive ETH ecosystem and solving critical user issues such as gas fees and fast transaction finality, Xterio is poised to emerge as a leader in high-quality Web3 and beyond.”

Highly regarded by industry heavyweights for its on-chain gaming capabilities, this Binance Labs-backed platform is currently building gaming and technology features, including artificial intelligence (AI) integration and token launch.

About Xterio

The Xterio Foundation in Switzerland was founded by a team of council and technology and entertainment leaders with deep game development and publishing experience. The company’s mission is to develop, publish, and distribute high-quality Web2 and Web3 games and interactive entertainment.

Xterio is committed to rapidly integrating Web3 technology into games and AI. This promise simplifies the experience for developers and players, fostering widespread adoption of decentralized gaming and digital ownership. Together with its partners, Xterio operates the first gaming rollup featuring the latest MACH technology and one of the best launchpads for gaming and the market. 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 based on $XTER. Each is led by a genre expert and supported by talented teams from big names like FunPlus, Riot, Tencent, and Epic.

For more information, visit xter.io and follow: @XterioGames.

AltLayer information

Founded in 2021, AltLayer is an open, decentralized protocol for rollups. AltLayer is known for its ‘Restaked Rollups’, a new product that complements existing rollups with better security, decentralization, faster finality, and interoperability.

Built on top of that protocol, the Rollups-as-a-Service (RaaS) executor is a hassle-free platform that allows developers and beginners to run custom rollups in less than 2 minutes! This product is designed for the multi-chain and multi-VM world.

Together, these products form the foundation of a modular blockchain ecosystem with hundreds of thousands of rollups that can accelerate the scaling of any Web3 application. This can help save significant capital, shorten development efforts for teams, encourage innovation, and accelerate experimentation while remaining completely open and permissionless.

Industries such as the NFT sector, Web3 gaming, DeFi, and real-world asset tokenization leverage 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 you to join its community. Twitter | discord | official website