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Xterio and AltLayer Collaborate to Launch Gaming-Oriented Blockchain

Xterio and AltLayer join forces to introduce a game-focused restaked rollup, enhancing web3 gaming experiences and fostering wider adoption in the gaming community.

Eliza Crichton-Stuart author picture}

Eliza Crichton-Stuart

Head of Operations

Xterio and AltLayer Collaborate to Launch Gaming-Oriented Blockchain

In a move set to enhance the landscape of web3 gaming, Xterio, a prominent web3 gaming publisher and platform, has teamed up with AltLayer, an open and decentralized protocol for rollups, to introduce a groundbreaking gaming-oriented blockchain solution.

In this article, we will cover everything you need to know about how the two are joining forces to introduce a game-focused restaked rollup, enhancing web3 gaming experiences and fostering wider adoption in the gaming community. 

Xterio and AltLayer Collaborate to Launch Gaming-Oriented Blockchain

Over $80 Million Funding

Xterio, renowned for its prowess in web3 gaming infrastructure and publishing, boasts an impressive track record with over $80 million raised in ecosystem funding, five AAA games, and partnerships with over 45 gaming entities. Spearheaded by industry veterans such as Michael Tong and Jeremy Horn, Xterio is dedicated to propelling web3 technology integration in gaming, with a mission to onboard billions of gamers worldwide.

The collaboration with AltLayer marks a significant step towards achieving this mission. AltLayer, founded in 2021, has gained recognition for its innovative approach to rollups, particularly its novel product - 'restaked rollups.' This unique framework enhances existing rollups by offering improved security, decentralization, rapid finality, and interoperability.

Xterio and AltLayer Collaborate to Launch Gaming-Oriented Blockchain

Details on Xterio Chain

The newly introduced Xterio chain, managed by AltLayer, operates as a Layer 2 solution on Ethereum, leveraging the OP Stack framework and EigenDA as the Data Availability layer. This approach, known as a restaked rollup, promises faster finality and economic security, paving the way for seamless web3 and AI-powered gaming experiences.

One of the key highlights of the Xterio chain is the integration of MACH, an Actively Validated Services (AVS) offering, which utilizes EigenLayer's restaking mechanism. This integration ensures enhanced security and efficiency, catering to the evolving demands of gamers and developers alike.

Xterio and AltLayer Collaborate to Launch Gaming-Oriented Blockchain

Web3 and AI Games

With plans to focus on web3 and AI-powered games, the Xterio chain aims to build a robust on-chain ecosystem around AAA titles, facilitated by the native $XTER token. Two notable IPs in development include Overworld (made in-house by Xterio) and Age of Dino (by GamePhilos). Developers will benefit from access to a vast first-party gaming catalog and tap into Xterio's rapidly growing user base, currently exceeding two million users worldwide.

Moreover, the Xterio chain serves as the backbone of the Xterio ecosystem, offering a gateway to a vibrant gaming environment where players can seamlessly collect, own, and trade digital assets. Developers, on the other hand, gain access to streamlined asset minting, distribution, and management tools, bolstering creativity and innovation within the gaming industry.

Overworld

Overworld recently raised $10 million in a seed funding round for its upcoming anime-inspired free-to-play action RPG. The studio is channeling these funds into the development of its debut game, temporarily named Overworld, set within the Xterio ecosystem.

overworld xterio.webp

A notable feature of Overworld is its integration of NFTs and digital ownership within the game. Horn clarified that these features are optional, emphasizing the studio's commitment to delivering a compelling gaming experience. "Digital ownership alone is not the key; a fantastic game is," Horn asserted.

Overworld, with a year of active development, recently engaged the community by selling Overworld Incarna, a collection of 6,000 assets. Horn highlighted the studio's approach to digital ownership as a means of enhancing the gaming community but underscored the importance of compelling content as the foundation.

Overworld.jpg

Age of Dino

GamePhilos, a recently established web3 gaming studio, successfully raised $8 million in a Seed Round to fuel the development of its ambitious free-to-play dinosaur-themed game, called Age of Dino. The project boasts support from a team of industry veterans, many of whom have previously worked with renowned companies such as NetEase, FunPlus, Zynga, and ByteDance.

Age of Dino is currently in active development for both mobile and PC platforms. What sets it apart is its seamless integration of web3 technology, featuring a unique in-game economy and NFT ownership for players. The gameplay promises real-time battles between rival dinosaur factions, in-game trading opportunities, and the chance to build alliances.

Age of Dino.jpg

Team Quotes

Yaoqi Jia, CEO of AltLayer, expressed excitement about the collaboration, highlighting the potential for enhanced game mechanics and economics: “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."

Yaoqi added: "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, echoed this sentiment, emphasizing the platform's commitment to advancing web3 gaming technology: “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.”

Final Thoughts

As Xterio continues to evolve its offerings, supported by AltLayer's cutting-edge solutions, the future of web3 gaming looks promising. With a focus on accessibility, innovation, and community engagement, the Xterio chain is poised to shape the next era of gaming experiences.

More About Xterio?

Founded in Switzerland, Xterio is a leading web3 gaming ecosystem and infrastructure provider, dedicated to accelerating the integration of web3 technology into gaming and AI. With a focus on high-quality gaming experiences and digital ownership, Xterio operates the first gaming rollup with innovative MACH technology and serves as a premier launchpad for games and marketplaces.

More About AltLayer?

AltLayer, established in 2021, is an open and decentralized protocol for rollups, renowned for its 'restaked rollups' product. Offering enhanced security, decentralization, and interoperability, AltLayer's solutions cater to a wide range of industries, including web3 gaming, NFTs, DeFi, and real-world asset tokenization. With a commitment to fostering innovation and scalability, AltLayer stands at the forefront of blockchain technology advancement.


PartnershipGame UpdatesExclusive

updated:

April 8th 2024

posted:

April 8th 2024

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