Singapore, Singapore, April 4th, 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 game-focused restaked rollup designed specifically for Web3 games.
Xterio is a Web3 gaming ecosystem & infrastructure, distinguishing itself as a gaming publisher with top-notch development skills, unparalleled distribution expertise, and over $80M raised in ecosystem funding. With five AAA games and over 45 gaming partners, Xterio has amassed a gaming community of over two million users worldwide and developed the most successful gaming NFT launchpad. Co-founded by industry veterans like Michael Tong, former COO of NetEase and CSO of FunPlus, and Jeremy Horn, former Vice President of Jam City, Xterio is committed to accelerating the integration of Web3 technology into gaming and onboarding billions of gamers.
The Xterio chain will be run and managed by AltLayer. It will operate as a Layer 2 settling on Ethereum and utilize the OP Stack as the rollup framework with EigenDA as the Data Availability (DA) layer. Unlike a classical rollup, Xterio chain will instead take the form of a “restaked rollup”, a framework pioneered by AltLayer. As a restaked rollup, the Xterio chain will come with MACH – an Actively Validated Services (AVS) offering faster finality with economic security by leveraging EigenLayer’s restaking 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 being integrated across multiple Xterio titles, the Xterio chain will act as the backbone of the Xterio ecosystem, offering a gateway to a vibrant gaming ecosystem and empowering players to effortlessly collect, own, and trade digital assets in a safe and accessible environment and allowing developers to mint, distribute, and manage millions of assets seamlessly. The chain, alongside the comprehensive Xterio tech platform, intends to make on-chain elements almost invisible thanks to account abstracted wallets, seamless off-chain and on-chain systems, cheap transactions, single-click purchases, flexible payment marketplace and launchpad, and more. In addition to facilitating transactions, the Xterio marketplace and NFT launchpad will embrace the Xterio token as a versatile payment method, accepted for both purchases and gas fees, ensuring a smooth and convenient user experience.
Looking ahead, the Xterio chain will open its doors to game developers seeking a sophisticated yet user-friendly solution to power their creations. Through the Xterio chain, developers will have access to the most extensive first-party gaming catalog in Web3 and tap into its over 2 million user base, which is currently rapidly growing.
With its promise of easy integration and cutting-edge capabilities, the Xterio chain stands ready to drive the future of gaming.
Yaoqi Jia, CEO of AltLayer, said: “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.”
Highly regarded for its on-chain gaming capabilities by industry bigwigs, this Binance Labs-backed platform is now building out its game and technology functions, including artificial intelligence (AI) integration and token launch.
About Xterio
Xterio Foundation in Switzerland was founded with a council and by a team of technology and entertainment leaders with deep game development and publishing experience. 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 gaming and AI. This commitment simplifies the experience for developers and players, facilitating the widespread adoption of decentralized gaming and digital ownership. Xterio, together with its partners, operate the first gaming rollup with the latest MACH technology and one of the best launchpads for games and marketplaces. Recently, the Xterio platform has 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 entities like FunPlus, Riot, Tencent, and Epic.
To learn more, users can visit xter.io and follow along at @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 supplements existing rollups with better security, decentralization, fast finality, and interoperability.
Built atop its protocol is a Rollups-as-a-Service (RaaS) launcher, a hassle-free platform allowing developers and beginners to spin up a customized rollup within 2 minutes! This product is designed for a multi-chain and a multi-VM world.
Together, these products form the bedrock of a modular blockchain ecosystem – home to hundreds of thousands of rollups that can accelerate scaling for any Web3 application. They can help save considerable capital, reduce years of development work for teams, encourage innovation, and fast-track experimentation while being fully open and permissionless.
Industries spanning the NFT sector, Web3 gaming, DeFi, real-world asset tokenization, and others 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 users to join its community: Twitter | Discord | Official Website
Xterio Team
press@xter.io
Web3 refers to the third generation of the internet, focusing on decentralized applications and services that utilize blockchain technology for enhanced user control and privacy.
A gaming ecosystem encompasses all the components involved in the gaming industry, including developers, publishers, players, and the technology that supports game distribution and monetization.
A restaked rollup is a type of Layer 2 scaling solution that enhances transaction speed and security by leveraging existing blockchain networks, allowing for more efficient processing of transactions.
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