Singapore, Singapore, April 4, 2024, warp thread
Xterioa leading publisher and platform for Web3 gaming, and AltLayeran open and decentralized protocol for launching native and ZK rollup stacks, has announced the launch of a game-focused restake rollup designed specifically for Web3 games.
Xterio is a Web3 gaming ecosystem and infrastructure, distinguished as a gaming publisher with world-class development skills, unparalleled distribution expertise and more than $80 million raised in ecosystem funding. With five AAA games and more than 45 gaming partners, Xterio has amassed a gaming community of more than two million users worldwide and built the most successful gaming NFT launch platform. 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 committed to accelerating the integration of Web3 technology into gaming and onboarding billions of gamers.
The Xterio chain will be managed and operated by AltLayer. It will work as a Layer 2 that settles on Ethereum and will use the OP Stack as the 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 re-rollup, the The pack will focus on web3 and AI-powered games, with plans to build an on-chain ecosystem around AAA games using the $XTER token.
In addition to being integrated into multiple Xterio titles, the Xterio Chain will act as the backbone of the in a safe and accessible environment. and allowing developers to seamlessly manage, distribute and manage millions of assets. The chain, in addition to the comprehensive and more. In addition to facilitating transactions, the Xterio marketplace and NFT launch pad will embrace the
Looking ahead, the Xterio chain will open its doors to game developers looking for an advanced yet easy-to-use solution to power their creations. Through the
With its promise of easy integration and advanced capabilities, 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 numerous, highly regarded content partners in the gaming world. As the nature of gaming evolves and calls for better performing game mechanics, game economics and in-game transactions increase, we are pleased that Xterio has embraced rollups to strengthen the technical capabilities of its products. With AltLayer’s new revamped rollup product MACH, Xterio will also enjoy security and much faster finality features built using EigenLayer’s re-recording mechanism, which will ultimately support a better gaming experience that will benefit both developers and players .
Michael Tong, CEO of Xterio, said: “Through our partnership with AltLayer, By leveraging the extensive ETH ecosystem and addressing critical user issues such as gas fees and fast transaction finality, Xterio is poised to emerge as a frontrunner in high-performance Web3 and beyond.”
Highly regarded for its on-chain gaming capabilities by top industry players, this platform supported by Binance Labs is now building out its gaming and technology features, including the integration of artificial intelligence (AI) and the launch of tokens.
About Xterio
Xterio Foundation in Switzerland was founded with a board and by a team of technology and entertainment leaders with deep 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 gaming 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 launch pads 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. They are all led by genre experts and supported by talented teams from renowned entities such as FunPlus, Riot, Tencent and Epic.
For more information, users can visit xter.io and follow along @XterioGames.
About AltLayer
Founded in 2021, AltLayer is an open and decentralized protocol for rollups. AltLayer is known for its new product – ‘re-drafted rollups‘ – which complements existing rollups with better security, decentralization, rapid finality and interoperability.
Built on top of the protocol is a Rollups-as-a-Service (RaaS) launcher, a hassle-free platform that allows developers and beginners to set up a custom package in 2 minutes! This product is designed for a multi-chain, multi-VM world.
Together, these products form the foundation of a modular blockchain ecosystem – home to hundreds of thousands of rollups that can accelerate scaling for any Web3 application. They can help save significant capital, reduce years of team development work, encourage innovation, and accelerate experimentation, all while being completely open and permissionless.
Industries in the NFT sector, Web3 gaming, DeFi, real-world asset tokenization, and others are leveraging these rollups to scale their applications. AltLayer supports large stacks, alternate DA layers, and shared sequencers, including OP Stack, Arbitrum Orbit, Polygon CDK, ZK-rollup, Celestia, EigenDA, Avail, Espresso, and more.
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Contact
Xterio team
press@xter.io