From Investing.com: 2024-04-04 09:30:48

Xterio and AltLayer have teamed up to launch a game-focused restaked rollup designed for Web3 games. Xterio boasts $80M in ecosystem funding, five AAA games, over 45 gaming partners, and a community of two million users worldwide. The rollup will focus on web3 and AI-powered games, with plans for an on-chain ecosystem utilizing the $XTER token.

The Xterio chain will be managed by AltLayer and operated as a Layer 2 settling on Ethereum. Unlike traditional rollups, it will be a “restaked rollup” that offers faster finality with economic security by leveraging EigenLayer’s restaking mechanism. The chain aims to create a seamless environment for gamers and developers to collect, own, and trade digital assets.

The partnership between Xterio and AltLayer aims to drive the future of gaming with sophisticated yet user-friendly solutions for game developers. Leveraging Xterio’s extensive gaming catalog and growing user base, developers will have access to cutting-edge capabilities to power their creations and enhance the gaming experience.

AltLayer CEO, Yaoqi Jia, lauds Xterio as a robust platform for content partners in the gaming industry. Xterio CEO, Michael Tong, highlights the collaboration’s focus on integrating advanced blockchain infrastructure to support Web3 gaming titles and provide a high-quality user experience.

Xterio, founded in Switzerland, aims to accelerate Web3 technology integration in gaming and AI, making decentralized gaming and digital ownership more widely accessible. The platform, with AltLayer’s technology, offers a comprehensive gaming rollup and launchpad with NFT sales initiated in various games.

AltLayer, established in 2021, presents a decentralized rollup protocol with “restaked rollups” to enhance security, decentralization, and fast finality in the blockchain ecosystem. Its platform, Rollups-as-a-Service, allows developers to create customized rollups swiftly, supporting various chains and VM environments.

Both Xterio and AltLayer are at the forefront of driving the adoption of Web3 gaming technologies, providing solutions to enhance gaming experiences, streamline transactions, and foster innovation in the gaming sector and beyond.

Read more at Investing.com: Xterio to Launch Gaming-Oriented Blockchain in Collaboration with AltLayer, aiming for Wider Web3 Gaming Adoption By Chainwire