Token unlock involves releasing tokens that were previously blocked under fundraising terms. Projects carefully schedule these releases to avoid market pressure and prevent a drop in token prices.
However, factors like lack of liquidity or early investor profit-taking can significantly impact an asset’s dynamics. Although next week lacks major unlocks, these three upcoming events are still worth noting.
Immutable (IMX) Unlock date: August 9 Number of tokens unlocked: 32.47 million IMX Current circulating supply: 1.54 billion IMX Immutable is a Layer-2 solution for scaling NFTs on the Ethereum blockchain. In September 2021, the project raised $12.5 million during the IMX token sale on the CoinList platform in just one hour. In March 2022, it closed a $60 million investment round and secured an additional $200 million from investors, including ParaFi Capital, Declaration Partners, and Tencent Holdings.
On August 9, the circulating supply of IMX will increase by 32.47 million tokens. These newly unlocked tokens will be allocated to the development of the project and the broader Immutable ecosystem. The crypto community is discussing the IMX’s unimpressive performance, attributing it largely to the frequent unlocks.
“Look at the historical data. $IMX last bull market had a higher price but lower MC. Now it has a higher MC but the price is way less. This is due to supply unlocks,” one X user wrote.
Read more: Layer-2 Crypto Projects for 2024: The Top Picks
IMX Unlock. Source: token.unlocksXai (XAI) Unlock date: August 9 Number of tokens unlocked: 35.88 million XAI Current circulating supply: 519.82 million XAI Xai is the world’s first Layer 3 solution designed specifically for AAA gaming. Utilizing Arbitrum technology, Xai prioritizes simplicity and ease of use by removing the complexities of wallet management. This approach makes blockchain integration a seamless part of the gaming ecosystem.
On August 9, the project will unlock 35.88 million XAI tokens, distributing them among the team, investors, reserve, and ecosystem.
Read more: The 6 Best Cryptocurrency Powered Games in 2024
XAI Unlock. Source: token.unlocksEthena (ENA) Unlock date: August 11 Number of tokens unlocked: 14.89 million ENA Current circulating supply: 1.80 billion ENA Ethena is a synthetic currency protocol built on Ethereum. It provides a native cryptocurrency solution independent of traditional banking, and also offers global users a dollar-denominated savings instrument called the ‘Internet Bond.’
The ENA token enables holders to vote on governance proposals. On August 11, the project will unlock almost 15 million ENA dedicated to ecosystem development.
Read more: What Is Ethena Protocol and its USDe Synthetic Dollar?
ENA Unlock. Source: token.unlocksOther next-week cliff unlocks include dYdX (DYDX), Hashflow (HFT), and Moonbeam (GLMR), with a total value exceeding $60 million. Although many consider token unlocks bearish, a well-planned schedule can strengthen a project’s long-term viability. Aligned with milestones and development progress, unlocks will motivate team members, boost community engagement, and promote ecosystem growth.
Xai, the layer-3 gaming network built on Ethereum scaler Arbitrum, kicked off 2024 with a bang, launching its XAI token to early supporters and then announcing that noted NFT game studio Laguna Games will bring Crypto Unicorns and related titles to the network.
So what’s next? More games, of course.
Ex Populus, which co-founder and CEO Tobias Batton described to Decrypt’s GG as the “labs company that serves the Xai Foundation,” is a game studio—and its games are set to be the first out the gate in the coming months as the Xai ecosystem takes shape.
The first, called Final Form, is a card-battler game with NFTs. According to its official website, the game will support NFT cards previously released on Solana via a bridge to Arbitrum. Batton said that the game is “penciled in for April,” but that the ETA could change. He said the game is playable and “moving into a polish phase,” so it can’t be far off.
LAMOverse is the other game from Ex Populus, and it’s a long-in-development online action game with colorful, cartoonish environments. Tied into physical LAMO toys based on gaming influencers like Ninja and Dr. Disrespect, LAMOverse is set to debut sometime after Final Form, and the game studio says it’s likewise playable and nearing a proper launch on Xai.
Batton recounted that Ex Populus spent substantial time seeking an ideal gaming chain for its projects and said that it explored building on other Ethereum scaling networks like Polygon or Immutable X. But, he said, each chain the studio tried had trade-offs that made the team “not enthusiastic” about committing to those ecosystems.
Ultimately, Arbitrum creator Offchain Labs proposed building a custom gaming chain that would suit the needs of Ex Populus while also providing a home for other studios in the future. Thus Xai was born.
In this team-up, Batton said, Ex Populus built the software that powers the Sentry Nodes that early users have purchased to support the Xai network. It also makes games and works in a publisher-like role to help other studios onboard to Xai and get their games in front of players.
That’s the kind of role that Ex Populus will serve for Laguna Games as it migrates its Crypto Unicorns games and associated NFTs from Polygon to Xai this year. And Batton said that he’s seen a “massive influx” of other studios reaching out since the airdrop to get involved with Xai, whether they’re building new games or migrating from existing chains.
In this dual role of game developer and distribution partner, Batton said that Ex Populus is attempting to be the Web3 version of Valve. That gaming powerhouse is known not only for operating the popular Steam PC gaming store, but also developing iconic games like Half-Life, Portal, and Counter-Strike. Fortnite maker Epic Games has charted a similar path.
Ex Populus doesn’t yet have the storied gaming legacy of those long-running giants, of course, but it also faces the immense challenge of trying to convince traditional gamers that user-owned NFT assets and crypto-driven economies are beneficial. And gamers have broadly not been too receptive to such overtures in the past.
What could make that easier is the way that the Xai network abstracts away the complexities of wallet use and asset handling for users who don’t want to get deep into the “crypto” of it all. Your average player doesn’t have to worry about self-custody of NFTs or tokens, plus Xai provides a gas-free experience for players.
“We had this crazy idea that if you remove wallets and remove gas from everything, that you can experience large growth,” Batton explained. “Really, the benefits of blockchain are the ability to trade items and own items—all the stuff we always hear about—but there's a tremendous amount of friction that stands in the way of that.”
There still are wallets, but for traditional gamers, they’re managed in the back end by the Xai team. And if you’d rather bring in your own wallet and self-custody your assets, that option is certainly available for veteran crypto users.
“As a traditional gamer who maybe isn't familiar with crypto or is a little averse to it, these games just seem like a normal game,” said Batton, who added that there would be wallet management features in the settings. “And then you're like, ‘Oh, I have a wallet. I didn't even know it.’ So it sort of breadcrumbs people into this experience in a way that doesn't seem so obtuse.”
our competitors aren't treasure, imx, ronin, or beam.
our competition is nintendo and valve.
decentralized gaming is inevitable.
— XAI (@XAI_GAMES) January 29, 2024
It’s been a busy couple of months for Xai. The Sentry Node sale, which let users invest in supporting the network and receive an allocation of XAI tokens, was a sizable success with about $30 million in sales. And the XAI airdrop that followed certainly made waves, putting over $150 million worth of tokens (at peak value) into users’ wallets.
But as Batton described, the journey dates back to 2022. It’s been a steady rise in prominence and buzz, in his view—and the biggest moves are still yet to come as games start going live on the network.
“It’s a grassroots approach—it didn't happen overnight,” he affirmed. “It took months and months and months of building this hype and this community and excitement.”
“Having Laguna agree to deploy their games is a big deal, because before this news, it was just hype. It's just an empty chain,” Batton added. “But now it's not an empty chain. It's got real games coming.”
Edited by Ryan Ozawa.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Xai (XAI), the 43rd launchpool project of Binance, is a Layer 3 Blockchain network built on Arbitrum, a Layer 2 scaling solution for the Ethereum $1,663 network. In this article, we will explore what Xai is, the native asset of the Xai network, XAI coin, how to buy XAI coin, and answer many other related questions.
Xai is designed to enable real economies and open trade in the next generation of video games. With Xai, potentially billions of traditional gamers can own and trade valuable in-game items in their favorite games without needing to use a crypto wallet. Anyone can support the Xai network by running a node, allowing them to receive network rewards and participate in governance. Xai is developed by Offchain Labs, leveraging Arbitrum technology.
Xai aims to bring hundreds of millions of traditional gamers into Blockchain-based games for the first time by abstracting wallets and offering a fast, low-friction gaming experience, while also providing the benefits of Blockchain technology including open trade, interoperability, composability, and in-game item ownership.
Previous generations of Blockchain gaming ecosystems have demonstrated that Blockchain-based games have a place within the larger gaming ecosystem. However, Blockchain games still require greater scalability. The core value of Xai lies in making it easier than ever for traditional gamers to experience the benefits of Blockchain-based games by prioritizing a delightful, low-friction user experience as the project’s most important principle.
XAI Coin ReviewThe native asset of the Xai network, which shares the same name, is XAI. The supply of XAI coin is limited to 2.5 billion units. XAI coin serves many purposes, primarily for paying transaction fees.
XAI is a currency used for all network-based transactions, such as buying and selling in-game items in games. XAI holders have a say in the development of the network by voting on important proposals and decisions. Additionally, it rewards those who contribute to the network by running network nodes with XAI coins.
How to Buy XAI Coin?XAI coin can be safely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. XAI coin was listed on Binance on January 9, 2024, and is available for trading in the pairs XAI/BTC, XAI/USDT, XAI/BNB, XAI/FDUSD, XAI/TUSD, and XAI/TRY.
To purchase XAI coin, you first need to register on the Binance exchange if you haven’t already. After completing the registration process, you need to transfer cryptocurrency or fiat currency like Turkish lira to your Binance account wallet. Once the transfer is complete, you can buy XAI coin in any of the six pairs mentioned above.
To make a purchase from the XAI/USDT trading pair on Binance, first go to the interface of this trading pair. Enter the desired amount in the specified area on the limit tab of the trading pair interface. After entering the amount, the purchase is completed with the Buy XAI order.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Aethir recently announced a collaboration with Xai Games, in which they jointly launched a $10 million ecosystem grant to fund the development of AI-powered AAA gaming studios. This program is meant to attract gaming titles to both ecosystems and onboard millions of gamers.
Thrilled to announce our $10M Ecosystem Grant Program with @XAI_GAMES, aiming at bringing AI-powered AAA gaming titles and studios to the fold 🎮
This is just the beginning of empowering creators and gamers alike. Stay tuned for application details!
➡️ Follow @AethirEco to stay… https://t.co/LTGCY8LlGB
— Aethir (@AethirCloud) September 18, 2024 Aethir, known for its decentralized enterprise-grade GPU services, provides essential computing power to game developers worldwide. Through this grant, studios can access AI and Web3 technologies, enhancing gaming experiences and revolutionizing the industry.
Aethir’s Infrastructure Powering Innovation Aethir’s distributed cloud infrastructure is the only decentralized GPU-as-a-service platform catering to AI and gaming clients. With over 43,000 GPUs and an exclusive fleet of 3,000 NVIDIA H100s, Aethir ensures optimal service quality. Its unique edge technology allows enterprises to benefit from secure, scalable computing power at a fraction of the cost of centralized providers.
Xai Games Driving the Next Web3 Evolution Xai Games, built on Arbitrum, is a Layer-3 network designed to onboard billions of traditional gamers into the Web3 space without needing crypto wallets. This unique feature allows gamers to own and trade in-game items seamlessly.
By eliminating common entry barriers to Web3 gaming, Xai simplifies the process for gamers and developers. Its development tools enable studios to integrate tokenized assets and create in-game marketplaces, revolutionizing how games are monetized and experienced.
Aethir & Xai Collaborate for the Future of AI-Powered Gaming This partnership between Aethir and Xai represents a significant leap forward for the gaming industry. The $10M grant program will support AI-driven game development, enabling studios to bring their visions to life.
With Aethir’s decentralized GPU services and Xai’s tools for integrating Web3 features, this collaboration aims to transform how games are created and enjoyed, ultimately reshaping the future of gaming ecosystems. As the program launches, applications will soon open for developers eager to participate.
This joint effort marks the beginning of several grant programs that Aethir plans to roll out in the coming months. Each program aims to foster innovation and empower game developers. The two partners are positioned to drive significant AI-powered and Web3 gaming advancements by offering essential resources and support.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
The crypto market prepares for an alarming bearish wave as certain altcoins stand primed to face massive token unlocks in the coming week. As per latest data from the Token Unlocks App, Aptos (APT), EigenLayer (EIGEN), Optimism (OP), Neon (NEON), Cardano (ADA), Xai (XAI), Mode (MODE), Ethena (ENA), io.net (IO), Hashflow (HFT), Moonbeam (GLMR), Euler (EUL), Iinch (1INCH), and Forta (FORT) remain poised to face increased supply ahead. This supply surge has raised alarming concerns over the future price action of the abovementioned 14 tokens.
14 Crypto Set To Witness Token Unlocks Ahead Per Token Unlocks data, APT, EIGEN, OP, NEON, ADA, XAI, MODE, ENA, IO, HFT, GLMR, EUL, 1INCH, and FORT are set to witness a massive $213 million worth of token unlocks combined. As such, traders need to be wary of investing in these coins as they risk facing downward pressure once the token unlocks occur.
1. Aptos (APT) The crypto Aptos is set to face a cliff unlock of 11.31 million APT, worth $101.22 million, on October 11, the coming week. The massive unlock is equivalent to 2.25% of the coin’s circulating supply. This looming supply surge has raised severe concerns among market participants over the future price run of the token. However, APT price today rested at $8.95, up nearly 1% over the past day. Its intraday low and high were recorded as $8.76 and $9.29, respectively.
2. EigenLayer (EIGEN) The cryptocurrency EigenLayer readies for a cliff unlock of 9.93 million EIGEN, worth $33.67 million, as of October 8. The unlock is equivalent to 5.32% of the coin’s circulating supply, posing a risk to the price. Meanwhile, EIGEN price today traded at $3.39, down 0.59% in the past 24 hours. The coin’s intraday low and high were $3.32 and $3.70, respectively.
3. Optimism (OP) Optimism prepares for an unlock of 12.47 million OP, worth $20.33 million, as of October 10. This unlock is equal to 0.99% of the coin’s circulating supply. OP price today traded at $1.62, up over 4% in the past 24 hours. The coin’s intraday low and high were recorded as $1.54 and $1.63, respectively.
4. Neon (NEON) Simultaneously, data indicated that the crypto Neon is readying for an unlock of 53.91 million NEON, worth $19.66 million, on October 7. The unlock is equivalent to a whopping 93.43% of the total circulating supply, raising alarming concerns among investors. Nevertheless, NEON price today soared nearly 10% to $0.3652. The coin’s intraday low and high were $0.3323 and $0.3647, respectively.
5. Cardano (ADA) Cardano stands primed to witness an unlock of 37.06 million ADA, worth $13.11 million, on October 7. The unlock totals 0.10% of the crypto’s circulating supply. ADA price today gained roughly 1% to reach $0.354. Its 24-hour low and high were registered as $0.3489 and $0.3556, respectively.
6. Xai (XAI) Similarly, Xai stands strong to face an unlock of 35.88 million XAI, worth $7.62 million, on October 9 next week. The unlock totals 6.20% of the token’s circulating supply. XAI price pumped remarkably, nearly 13% in the last 24 hours to $0.212. The coin’s intraday low and high were recorded as $0.187 and $0.2131, respectively.
7. Mode (MODE) MODE is primed to experience an unlock of 500 million MODE, worth $5.64 million, on October 7. This unlock weighs equal to 38.46% of the coin’s circulating supply. MODE price traded at $0.01127 today, up marginally by 0.15% in the past 24 hours. The coin’s 24-hour low and high were registered as $0.01122 and $0.0113, respectively.
8. Ethena (ENA) The crypto Ethena readies for a cliff unlock of 12.86 million tokens, worth $3.87 million, as of October 9. The unlock totals 0.47% of the coin’s circulating supply. Besides, ENA price today gained over 4% to trade at $0.3005. The coin’s intraday low and high were recorded as $0.2844 and $0.3208, respectively.
9. io.net (IO) io.net is set to face a cliff and a linear unlock of 2.11 million and 767.12K IO, respectively, on October 11. The unlock, worth $5.20 million, is equivalent to 3.2% of the coin’s circulating supply. IO price today traded at $1.81, up nearly 6% in the past 24 hours. The coin’s intraday low and high were recorded as $1.67 and $1.84, respectively.
10. Hashflow (HFT) Hashflow remains poised to experience an unlock of 13.85 million HFT, with 13.62 million coins as cliff and 221.4K coins as liner unlocks, on October 7. The unlock reflects 3.04% of the crypto’s total circulating supply. HFT price today jumped over 5% to reach $0.1485. The coin’s 24-hour low and high were $0.1402 and $0.1495, respectively.
11. Euler (EUL) Euler readies for an unlock of 41.17K EUL in cliff and 27.29K EUL in linear, worth $208.79K, as of October 11. This unlock collectively is equivalent to 0.37% of the coin’s circulating supply. EUL price traded at $3.05 today, up nearly 1% in the past 24 hours. The crypto’s intraday low and high were registered as $3 and $3.07, respectively.
12. Moonbeam (GLMR) Moonbeam is standing strong to face the unlock of 3.04 million GLMR, worth $493.53K, on October 11. The unlock is worth 0.34% of the token’s circulating supply. GLMR price today spiked over 1% to trade at $0.162. The coin’s intraday low and high were recorded as $0.1584 and $0.1641, respectively.
13. 1inch (1INCH) 1inch is similarly primed to witness an unlock of 246.43K 1INCH, worth $63.79K, on October 10. This unlock is equivalent to a marginal 0.02% of the total circulating supply. 1INCH price today pumped over 2% to reach $0.2578. The coin’s intraday low and high were recorded as $0.2499 and $0.2608, respectively.
14. Forta (FORT) Forta is bracing for a linear unlock of 2.61 million FORT and a cliff unlock of 50K coins as of October 6. This unlock weighs equal to 0.57% of the coin’s circulating supply. FORT price today is down by 0.5% and is resting at $0.1152. The coin’s intraday low and peak were $0.1151 and $0.1192, respectively.
Altogether, token unlocks pose a severe threat to prices, abiding by the law of supply and demand as supply increases. Notably, the unlocks are a phenomenon where previously locked tokens are periodically released into the market.
Token unlock involves releasing tokens that were previously blocked under fundraising terms. Projects carefully schedule these releases to avoid market pressure and prevent a drop in token prices.
However, factors like lack of liquidity or early investor profit-taking can significantly impact an asset’s dynamics. Here are three major unlocks to watch next week.
EigenLayer (EIGEN) Unlock date: October 8 Number of tokens unlocked: 9.93 million EIGEN Current circulating supply: 186.58 million EIGEN Ethereum-based restaking protocol EigenLayer kicked off October by listing its EIGEN token on major exchanges. On October 8, the project will unlock nearly 10 million EIGEN, valued at $35.75 million as of this writing. These tokens will be allocated for future community initiatives, so the unlock is unlikely to impact the token’s price.
Read more: Ethereum Restaking: What Is it and How Does it Work?
EIGEN Unlock. Source: token.unlocksOptimism (OP) Unlock date: October 10 Number of tokens unlocked: 8 million OP Current circulating supply: 1.25 billion OP Optimism is a Layer-2 scaling solution designed to improve the speed and lower the costs of transactions on the Ethereum mainnet. The OP token plays a crucial role in governance, allowing holders to vote on proposals and decisions that shape the network’s development and management.
On October 10, Optimism will increase its circulating supply by 8 million OP. According to TokenUnlocks, the project will use these tokens for retroactive public goods funding.
Read more: Optimism vs. Arbitrum: Ethereum Layer-2 Rollups Compared
OP Unlock. Source: token.unlocksAptos (APT) Unlock date: October 11 Number of tokens unlocked: 11.31 million APT Current circulating supply: 502.84 million APT Aptos is a Layer-1 blockchain designed to provide a secure and scalable infrastructure for decentralized applications. With a focus on security and performance, it incorporates innovative technologies to enhance the blockchain experience.
Despite being one of the most successful blockchain projects in recent years, Aptos has faced criticism from the crypto community for its tokenomics, which are heavily influenced by venture capital.
A major portion of APT tokens remains locked. On October 11, the project will distribute 11.31 million APT tokens to community members, core contributors, and investors.
Read more: Where To Buy Aptos (APT): 5 Best Platforms for 2024
APT Unlock. Source: token.unlocksOther next-week cliff unlocks include Hashflow (HFT), Cardano (ADA), Ethena (ENA), Xai (XAI), and io.net (IO), with a total value exceeding $204 million. While many see token unlocks as bearish, a well-structured schedule can actually support a project’s long-term success. Tied to key milestones and development, unlocks can motivate the team, engage the community, and drive ecosystem growth.
Several leading Orbit chains including ApeChain and Xai are expected to Fast Withdrawals in the near future.
Arbitrum Orbit users can now withdraw their assets to the Ethereum mainnet in just 15 minutes.
On Oct. 24, Offchain Labs, the team behind Arbitrum, launched Fast Withdrawals for Orbit chains, offering 15-minute withdrawal finality for users. The service is also available to rollup-as-a-service (RaaS) providers leveraging Arbitrum’s infrastructure.
The feature eliminates the seven-day waiting period typically associated with optimistic rollups, such as the Arbitrum One network and Arbitrum Orbit chains. Arbitrum Orbit is a tech stack allowing developers to launch bespoke Layer 2 or Layer 3 networks that settle transactions on Arbitrum One or Ethereum.
“This is a game-changer for how people interact with blockchains, making transactions faster and more seamless, and bringing the experience closer to what people expect from traditional financial systems,” said Steven Goldfeder, CEO and co-founder of Offchain Labs.
Arbitrum Orbit is gaining popularity as a tech stack for networks hosting gamefi applications. Four of the top 10 Ethereum scaling solutions by daily throughput leverage Arbitrum Orbit, including Xai, PlayBlock, PoP Apex, and ApeChain, according to L2beat.
Fast WithdrawalsFast Withdrawal transactions are processed by a committee of validators. Should the validators unanimously agree on the transaction’s validity, the state changes associated with the transaction are immediately confirmed.
By contrast, optimistic rollups impose a seven-day delay on withdrawals to the Ethereum mainnet, allowing validators or users to identify and challenge fraudulent transactions.
Several Orbit chains have already committed to integrating support for Fast Withdrawals in the coming months, including ApeChain, Cheese, Nova, Sanko, and Xai. Prominent RaaS providers including Alchemy, Ankr, Caldera, and Gelato have also pledged to support the feature.
Offchain Labs emphasized the benefit Fast Withdrawals can unlock for throughput-intensive dApps, including web3 games and socialfi applications.
Stylus upgradeThe launch of Fast Withdrawals comes after Offchain Labs shipped Stylus, an upgrade to Arbitrum’s core Nitro stack, on Sept. 3.
Stylus allows developers to create applications using WebAssembly-compatible languages, including Rust, C, and C++. Previously, Arbitrum chains only supported Solidity, Ethereum's native programming language.
Stylus is supported by the Arbitrum One and Arbitrum Nova Layer 2 networks, in addition to the Orbit stack.
Arbitrum One is a general-purpose Layer 2 solution, while Arbitrum Nova is optimized for applications requiring a high volume of low-cost transactions, such as gaming and social protocols. Arbitrum One is the largest Layer 2 network with a total value locked (TVL) of $13.85 billion, according to L2beat.
George Town, Cayman Islands, November 14th, 2024, GamingWire
The Xai Foundation, a core contributor to the gaming-centric blockchain network, Xai, today announced a strategic partnership with Foretold Studios, an indie game studio pioneering new possibilities in gaming through the combined power of AI and web3 technology. Foretold Studios is coming to Xai from Immutable X, bringing two upcoming titles from the fantasy Tollan Universe into Xai’s rapidly expanding gaming ecosystem–further solidifying Xai's position as the fastest-growing gaming network.
“After more than three years of development, we are excited to bring our flagship titles – Tollan Survivors and Tollan Worlds to the Xai network.” said Michael Kuvsshynov, CEO at Foretold Studios. “Xai’s focus on indie games, an understanding of our target audience's needs, as well as recent successful case studies make it the best place for our games.”
Tollan is a land of constant conflict, where the coveted yet dangerous magic fungus, Mycelium, holds the immense power desired by everyone. The human race, blending magic and technology, seeks to conquer and control Mycelium in a race against the savage Legion of Orcs that is attempting to unleash Mycelium’s dark side.
Tollan Survivors is a Co-op reverse bullet hell (also known as bullet heaven) Action Roguelite. It serves as a prequel to Tollan Worlds. Players join humans to defeat countless hordes of Orcs and seize the control of Tollan Peak.
Tollan Worlds is a “Diablo meets Hades” Action Roguelite RPG. An army of cursed creatures emerged from the depths of Tollan Peak and the whole continent is on the brink of a global conflict once again.
Players can try Tollan Worlds pre-alpha demo at: https://play.tollan.io/.
“We are excited to welcome two incredibly innovative titles that are pushing the boundaries of technology by focusing on user generated content, AI, ownership, and interoperable IP.” said Soby, Core Contributor to Xai. “Our teams are well aligned on providing rich gaming experiences with unique features that are often discussed yet rarely implemented; When pairing this with our super scalable network specifically optimized for gaming, it becomes a new frontier that we are excited to explore together.”
About Foretold Studios
Foretold Studios Team consists of gaming industry veterans who worked in companies such as Bandai Namco, Jam City, and CAPCOM and built such games and franchises as Resident Evil, Titan Quest, Children of Morta, Emberbane, Pacman Mobile, Need for Speed, and Upland. [...]. As well as Web3 Gaming professionals that worked with companies like Gitcoin. ETH Global, Merit Circle, Human Guild Foretold Studio is on a mission to create a new generation of media franchises centered around indie video games. Their goal is to redefine how video game Intellectual Properties are monetized and create a streamlined creator economy with web3 technology and AI-enabled User Generated Experiences.
About Xai Foundation
The primary objective of the Xai Foundation is to foster the growth of developers and games within the Xai AI blockchain ecosystem. This encompasses attracting third-party developers, implementing effective marketing strategies, and offering financing opportunities to web3 game developers. As the custodian of the blockchain and its associated token, the Xai Foundation plays a pivotal role in supporting the integrity of the platform.
About Xai Games
Xai was developed to enable real economies and open trade in the next generation of video games. With Xai, potentially billions of traditional gamers can own and trade valuable in-game items in their favorite games for the first time, without the need to use crypto-wallets. Anyone can support the Xai network by owning a sentry key which allows them to receive network rewards and participate in governance. Xai is developed by Offchain Labs leveraging Arbitrum technology.
Ethereum layer-3 gaming network Xai is set to release “Tiny Sentry Keys” to lower the barrier for entry into its Sentry Key ecosystem, promising future benefits within the gaming ecosystem for buyers.
Xai's Sentry Keys are NFT-based licenses for nodes that are operated by network supporters, which can be staked to receive rewards. Already, the Xai Foundation claims, approximately $340 million worth of rewards and airdrops have been distributed through this scheme thus far—including the much-hyped XAI token airdrop earlier this year.
At the time of writing, according to ArbiScan, there are currently 6,447 Sentry Key holders. with this figure expected to grow with the launch of Tiny Sentry Keys. Regular Sentry Keys sell for 1.43 ETH ($5,520), but the Tiny Keys will sell for just 0.0143 ($55), significantly lowering the barrier for players to engage with NFT nodes.
An exact sale date will be announced on December 9. Xai representatives confirmed to Decrypt that with the reduced price of the Tiny Keys, holders will earn proportionally less rewards compared to regular Key holders. One network contributor likened the offering to the kind of battle pass seen in games like Fortnite, with unlockable rewards for players.
Introducing tiny Sentry Keys 🤏🔑
The keys that unlock an airdrop battle pass to the $XAI ecosystem.$XAI has distributed ~$340M in tokens this year.
Now, 12+ top tier projects have dedicated allocations for tiny and OG Sentry Key Holders.
With tiny Sentry Keys, we’re… pic.twitter.com/sMQN7flcUy
— XAI 🎮⛓️ (@XAI_GAMES) December 3, 2024
"Think of it as the ultimate battle pass, giving you access to rewards, airdrops, and perks across Xai's growing ecosystem," said the pseudonymous Soby, a core contributor to Xai. “We're creating a platform that’s accessible to everyone while delivering immense value to our community.”
Xai is a layer-3 blockchain built on top of the Ethereum layer-2 Arbitrum network. This means that Xai keeps Arbitrum’s key functionality, while tweaking various network elements to better cater to gaming projects.
As such, Xai has attracted game creators to launch on its chain. Game developer Ex Populus has committed its suite of games to Xai, Crypto Unicorns migrated from Polygon to the network earlier this year, and indie gaming curator The MIX said it plans to launch over 100 games on Xai.
With the sale of Tiny Sentry Keys, holders of regular Sentry Keys will be airdropped an additional 99 keys to make it 100. The Xai Foundation confirmed that over “12 top-tier games and ecosystem projects” are working with it to provide rewards for key holders.
On top of this, it’ll be easier than ever to purchase the Keys with the addition of a credit and debit card payment ramp via Crossmint, as well as the option to pay with XAI tokens—with other major tokens to be added to this list soon.
Edited by Andrew Hayward
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
George Town, Cayman Islands, December 10th, 2024, Chainwire
Xai Foundation, a core contributor to the growing blockchain gaming network Xai, today unveiled details of their “tiny” Sentry Key sale. Tiny Sentry Keys will become available to purchase Friday, December 13th at 6pm PST at sentry.xai.games for 0.0143 ETH (roughly ~$55).
Xai’s initial Sentry Key sale in December, 2023 raised over ~$45 million in ETH (USD Value). Since then, Xai has invested heavily into expanding its gaming ecosystem and is now home to 12 games and 2000+ projects in development. Many of these games have begun to announce commitments to airdrop back to the Xai Sentry Key holder community, who have already received ~$295 million (USD value) in network rewards and airdrops this year.
Xai Sentry Keys Updates
3 million Sentry Key airdrop to existing Sentry Key holders shortly before the sale date, increasing supply by 100x and maintaining proportional key holdings and network rewards throughout the existing community. The price of minting new Sentry Keys reduces from 1.43 ETH to 0.0143 ETH. Accessible Payment Options: XAI, esXAI, USDC, SOL, SUPER tokens will all be accepted as well as credit and debit card payments. “Think of it as an airdrop battle pass, giving you access to exclusive rewards, airdrops, and gaming events across Xai’s growing ecosystem,” said John Shipman, CEO of Xai Foundation. “At a price point of 0.0143 ETH, with payment flexibility and scaling rewards, we’re creating a platform that’s accessible to everyone while delivering immense value to our community. Tiny Sentry Keys are your gateway to the world’s fastest-growing blockchain gaming ecosystem.”
About Xai Games
With over a dozen high-quality games, including Riftstorm and Planet X, Xai boasts a growing gaming catalog. Xai’s blockchain network processes a high volume of transactions, surpassing other gaming networks, powered by 10 million connected wallets and 1.4 billion transactions since launching mainnet this year.
About Xai Foundation
The primary objective of the XAI Foundation is to foster the growth of developers and games within the XAI blockchain ecosystem. This encompasses attracting third-party developers, implementing effective marketing strategies, and offering financing opportunities to web3 game developers. As the custodian of the blockchain and its associated token, the Xai Foundation plays a pivotal role in supporting the integrity of the platform.
For more information about Tiny Sentry Keys, users can visit https://xai.games
[PRESS RELEASE – George Town, Cayman Islands, December 10th, 2024]
Xai Foundation, a core contributor to the growing blockchain gaming network Xai, today unveiled details of their “tiny” Sentry Key sale. Tiny Sentry Keys will become available to purchase Friday, December 13th at 6pm PST at sentry.xai.games for 0.0143 ETH (roughly ~$55).
Xai’s initial Sentry Key sale in December, 2023 raised over ~$45 million in ETH (USD Value). Since then, Xai has invested heavily into expanding its gaming ecosystem and is now home to 12 games and 2000+ projects in development. Many of these games have begun to announce commitments to airdrop back to the Xai Sentry Key holder community, who have already received ~$295 million (USD value) in network rewards and airdrops this year.
Xai Sentry Keys Updates
3 million Sentry Key airdrop to existing Sentry Key holders shortly before the sale date, increasing supply by 100x and maintaining proportional key holdings and network rewards throughout the existing community. The price of minting new Sentry Keys reduces from 1.43 ETH to 0.0143 ETH. Accessible Payment Options: XAI, esXAI, USDC, SOL, SUPER tokens will all be accepted as well as credit and debit card payments. “Think of it as an airdrop battle pass, giving you access to exclusive rewards, airdrops, and gaming events across Xai’s growing ecosystem,” said John Shipman, CEO of Xai Foundation. “At a price point of 0.0143 ETH, with payment flexibility and scaling rewards, we’re creating a platform that’s accessible to everyone while delivering immense value to our community. Tiny Sentry Keys are your gateway to the world’s fastest-growing blockchain gaming ecosystem.”
About Xai Games
With over a dozen high-quality games, including Riftstorm and Planet X, Xai boasts a growing gaming catalog. Xai’s blockchain network processes a high volume of transactions, surpassing other gaming networks, powered by 10 million connected wallets and 1.4 billion transactions since launching mainnet this year.
About Xai Foundation
The primary objective of the XAI Foundation is to foster the growth of developers and games within the XAI blockchain ecosystem. This encompasses attracting third-party developers, implementing effective marketing strategies, and offering financing opportunities to web3 game developers. As the custodian of the blockchain and its associated token, the Xai Foundation plays a pivotal role in supporting the integrity of the platform.
For more information about Tiny Sentry Keys, users can visit https://xai.games
About the author
Chainwire is a specialized crypto newswire service providing high-impact distribution for the cryptocurrency and blockchain industry.
Xai (XAI), the 43rd project on Binance Launchpool, is the first Layer 3 network developed on the Arbitrum network. In this article, we will delve into Xai, a standout Layer 3 network. Let’s explore what Xai is, where to buy XAI coin, and much more in this comprehensive guide listed on the cryptocurrency exchange Binance.
What is Xai?Xai is the 43rd project added to Binance’s massive cryptocurrency Launchpool. Developed on Arbitrum, the first Layer 3 network on Ethereum $1,663’s Layer 2 scaling solution, Xai is not merely a blockchain but a hub for various blockchain-based games.
Xai offers customers higher transaction speeds and lower costs while maintaining enhanced security and reliability through Ethereum’s robust foundation. Designed to simplify the acquisition and trading of in-game objects without the need for complex cryptocurrency wallets, Xai aims to bridge the traditional gaming industry with the Web3 world.
In this open and decentralized network, anyone can operate a node and receive rewards in the form of XAI coins, participating in ecosystem governance.
The native asset of the Xai network is XAI coin. XAI serves several key purposes, including transaction fee payments and governance. It is the currency used for all network-based transactions, such as purchasing and selling in-game items. XAI holders have a say in the network’s development by voting on significant proposals and decisions. Network participants running nodes are rewarded with XAI coins.
XAI coin can be securely traded on the leading cryptocurrency exchange Binance. It was listed on Binance on January 9, 2024, and is available for trading in the pairs XAI/BTC, XAI/USDT, XAI/BNB, XAI/FDUSD, XAI/TUSD, and XAI/TRY.
To purchase XAI coin, you must first register on the Binance exchange if you do not already have an account. After completing the registration process, fiat currency like USD or cryptocurrency must be transferred to your Binance wallet. Once the transfer is complete, you can purchase XAI coins from any of the six trading pairs mentioned above.
To buy via the XAI/USDT trading pair, navigate to its interface. Use the limit tab to input the desired purchase amount in the specified field. After entering the amount, complete the purchase by placing a “Buy XAI” order.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
xAI’s Grok will power real-time analysis for Kalshi’s event-based trading platform.Kalshi users will be able to bet on outcomes like Fed decisions and elections using regulated contracts.The move builds on xAI’s earlier deal with Polymarket and shows Grok expanding into multiple prediction markets.Elon Musk’s artificial intelligence startup xAI is partnering with regulated prediction market Kalshi to bring its chatbot Grok into the world of real-money event forecasting, the companies said Thursday.
The collaboration will allow Grok to analyze news, historical data and economic indicators in real time to support users trading on Kalshi’s federally regulated platform. Kalshi traders can place bets on specific outcomes of events like Federal Reserve interest rate decisions, Senate control, or monthly inflation figures — making Grok’s ability to summarize information quickly a potential edge.
“Kalshi and xAI are partnering to bring Grok to prediction markets. Two of the fastest growing companies in America are now on the same team,” xAI said in a post on X.
The deal brings together Musk’s latest AI venture, known for its irreverent chatbot Grok, and Kalshi, the only U.S.-regulated prediction market that offers tradable event contracts. While details of how Grok will be integrated weren’t disclosed, Bloomberg previously reported (and then retracted) in May that both companies are committing “significant engineering resources” to the project.
The announcement also adds complexity to xAI and Musk’s broader prediction market strategy.
Earlier this year, xAI and X named Polymarket — an unregulated crypto-based competitor to Kalshi — as their official prediction market partner. Now, with Kalshi and Polymarket effectively operating in parallel under Musk’s orbit, the market appears to be a testing ground for Grok’s AI capabilities across different regulatory frameworks.
Grok’s most recent version, Grok 4, was unveiled earlier this month, promising major upgrades in reasoning and information retrieval.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
On the chessboard, two visions of AI faced each other. Sam Altman, head of OpenAI, and Elon Musk, founder of xAI, crossed their models in a chess tournament organized by Google. For three days, OpenAI’s o3 and xAI’s Grok 4 competed without any specialized assistance. Much more than a simple exhibition match, the event turned into a revealing moment : behind the final score was the real gap between two artificial intelligences, and two strategies, which came to light.
In brief Sam Altman and Elon Musk faced off via AI in a chess tournament organized by Google. OpenAI’s o3 and xAI’s Grok 4 played without a chess engine or specialized training. OpenAI largely dominated the match, winning the final 4–0. The tournament revealed the current limits of generalist AIs facing strict rules. A one-sided final During the final held on August 7, OpenAI’s o3 model, which had been criticized a few days earlier in favor of GPT-5 that is already disappointing, inflicted a decisive 4–0 defeat on xAI’s Grok 4.
This tournament, called “Kaggle Game Arena AI Chess Exhibition”, prohibited any use of a chess engine or dedicated training, leaving the models to manage with their general knowledge gathered from the Internet.
From the first games, the difference was noticeable. Magnus Carlsen, world champion and event commentator, compared the two AIs to “a gifted child who doesn’t know how the pieces move”, estimating their level around 800 ELO, far from competitive standards.
Grok’s blunders multiplied throughout the final :
A free loss of important pieces, giving an immediate material advantage to OpenAI ; A failed “poisoned pawn”, with a poorly chosen target that immediately cost the capture of its queen ; Wasted solid positions in the middle game, with a series of incoherent moves ; Poor management of the initial advantage in the fourth game, allowing o3 to turn the situation around. Hikaru Nakamura, international grandmaster and event streamer, summed up the difference between the two opponents : “OpenAI didn’t make the mistakes Grok did”. He also praised o3’s spectacular comeback in the last game, where a bad start had predicted a possible victory for Elon Musk’s xAI Elon Musk.
The limits of generalist AIs exposed Beyond the score, the tournament revealed the structural difficulties of generalist AIs when confronted with a strict framework like chess. Many models were disqualified in the preliminary phase after attempting impossible actions : teleporting pieces, resurrecting captured units, illegal pawn moves.
Even in the final, understanding of the rules seemed fragile, alternating between brilliant moves and absurd decisions. As Carlsen pointed out, “these AIs know how to count captured pieces, but not how to conclude a winning game”.
This observation is not isolated. Earlier this year, international master Levy Rozman organized a similar tournament where language models accumulated illegal moves, even invoking missing pieces. Stockfish, a specialized AI, won the event hands down. These episodes show that, despite promises and claims about their versatility, language models remain far from mastering tasks requiring coherence and procedural rigor.
For Elon Musk, this defeat to Sam Altman, his second direct competition loss this year, comes at a bad time, as xAI has just raised $10 billion and seeks to position itself as a credible player in the race for general AI. However, for the whole sector, Google’s exhibition mostly reminds us that current large models excel at natural language processing, much less so in strict application of complex rules. AI may one day rival the best chess players… but that day, it will have also proven capable of reasoning well beyond black and white squares.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
In brief Ex Populus, creator of the Xai gaming blockchain, is suing Elon Musk’s xAI for trademark infringement, and asking a court to block its use of the “xAI” name in gaming and blockchain. The company says Musk’s expansion of xAI into gaming caused confusion with media, users, and even X's own AI chatbot Grok, which mistakenly linked the two ventures. Ex Populus argues Musk’s controversies, including Grok’s past offensive remarks, have severely damaged its brand. The creators of Xai, a layer-3 gaming blockchain built on Ethereum, have sued Elon Musk’s xAI for trademark infringement—and are asking a federal court to force the billionaire’s artificial intelligence company to change its name and branding in contexts related to video games and blockchain.
In November, Musk announced plans to start an AI video game studio within xAI, to “make games great again.” Ex Populus, the company behind gaming blockchain Xai, now claims that Musk’s announcement immediately created “substantial actual confusion” online between their established video game brand, Xai, and Musk’s xAI gaming venture.
Numerous news aggregators and commentators used the blockchain’s logo in announcements about Musk’s venture, the company’s attorneys claim, and many more internet users mistook the separate ventures to be related. What’s more, Grok—Musk’s AI chatbot—also confused the two separate entities, and told X users they were both controlled by Musk’s companies, the attorneys said.
In a complaint filed Thursday, Ex Populus asked a federal court in northern California to order Musk’s AI company to cease using any words or symbols likely to cause confusion with Xai’s registered trademark, in the contexts of video gaming and blockchain.
It also requested punitive damages and all profits reaped by Musk’s companies for the alleged infringement.
Ex Populus’ attorneys repeatedly argued in their complaint that Musk’s company has not only consistently infringed on their copyright since last year—but, further, that the particular notoriety and controversy associated with the world’s richest man have made the alleged infringement particularly damaging to their brand.
Ex Populus took legal action today to protect the Xai brand. With increased confusion around Elon Musk’s AI company (@xai), it’s a big responsibility to safeguard the brand that the community trusts. You can read more details at https://t.co/ce8Aw9hNCZ
— XAI 🎮⛓️ (@XAI_GAMES) August 22, 2025
“Musk and defendants’ xAI company routinely receive substantive negative media attention that is now being attributed to plaintiff’s XAI trademark,” the attorneys wrote.
The lawyers made particular note of a controversy that erupted last month when Musk’s AI bot, Grok, referred to itself as “MechaHitler” for a brief period and made antisemitic, racist, and sexually violent comments across the X platform.
“Plaintiff losing control over its goodwill is irreparable harm sufficient to support an injunction to cease defendants’ use of the infringing xAI marks,” Ex Populus’ attorneys said, “but to be associated with Nazism, hate speech, and violence exacerbates the harm exponentially.”
Ex Populus said in a statement that Musk’s attorneys reached out to them recently about trademark issues, and that, now, the company feels it has no option but to fight back “or risk losing [the trademark] altogether.”
“This case isn’t just about Ex Populus or Xai,” the company said. “It speaks to something bigger: the right of smaller innovators to build without having their identity swallowed by tech giants.”
Musk’s xAI did not immediately respond to Decrypt’s request for comment on this story.
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PANews reported on August 24th that according to Cointelegraph, the Ethereum-based gaming network Xai has filed a lawsuit against Elon Musk's artificial intelligence company xAI, accusing it of trademark infringement and unfair competition. The lawsuit, filed Thursday in the Northern District Court of California, accuses Musk's xAI of causing widespread market confusion and damaging Xai's brand.
Ex Populus, the Delaware corporation behind Xai, said it has been using the XAI trademark in U.S. commerce since June 2023, including through its blockchain gaming ecosystem and $XAI token. “This is a classic case of trademark infringement that requires court intervention to correct,” the company said.
According to the lawsuit, Ex Populus operates the Xai Ecosystem, which includes a blockchain network designed specifically for video games and digital transactions, providing infrastructure to support game logic, AI-driven decision-making, rewards, and data management across multiple applications.
Ethereum-based gaming platform Xai has taken legal action against Elon Musk’s AI startup xAI, accusing it of trademark infringement and brand damage.
Ex Populus, the studio operating the blockchain-powered gaming platform Xai, has filed a lawsuit against Elon Musk’s AI venture xAI. The complaint, submitted to the U.S. District Court for the Northern District of California, alleges that Musk’s company is infringing on Xai’s established trademark and causing significant market confusion.
The lawsuit points out that Xai has been using its name and token XAI since June 2023, while Musk introduced his company just a month later in July 2023. According to Ex Populus, this timeline makes it clear that the brand existed before xAI and should be protected.
How Confusion Spread Across the Market Ex Populus says that confusion between the two brands escalated as Musk expanded his company’s presence. The tension grew further when xAI announced plans in November 2024 to launch a gaming studio, a move that put both companies in overlapping sectors.
The lawsuit provides examples of mix-ups. Some users on Binance and other crypto platforms mistakenly assumed that Musk’s company and Xai were the same. Several media outlets even used Xai’s official logo while reporting on xAI news.
The issue was not limited to logos or headlines. Grok, the AI chatbot developed by Musk’s company, allegedly told users that Xai was part of xAI. Ex Populus argues that such mistakes strengthened the public belief that both entities were connected.
Reputational Harm Linked to Musk’s Public Image Beyond confusion, Ex Populus claims that association with Musk’s firm has damaged its reputation. The lawsuit refers to offensive content generated by Grok, including antisemitic and violent statements, which some users wrongly attributed to Xai.
The company stated that this unwanted connection has undermined its credibility within the gaming community. It argues that years of effort spent building trust with users and partners have been eroded, causing “irreparable harm” to its brand value.
Trademark Battles and Legal Pressure The lawsuit further alleges that Musk’s legal team attempted to pressure Ex Populus into abandoning its rights. Lawyers for Musk’s company allegedly threatened to challenge or cancel Xai’s trademark registration.
So far, the U.S. Patent and Trademark Office (USPTO) has taken a cautious stance. Multiple trademark applications filed by Musk’s xAI have been suspended because of potential conflict with Xai’s earlier registration. This gives weight to Ex Populus’ claim that its rights were established first.
What Ex Populus Demands in Court Through this lawsuit, Ex Populus is petitioning the court to impose strict measures. It wants Musk’s company barred from using the xAI name in gaming and blockchain contexts. It also seeks the cancellation of pending trademark applications filed by Musk’s team.
Finally, Ex Populus is requesting financial compensation for the reputational and economic damage it claims to have suffered. The company argues that unless these steps are taken, confusion will persist and continue to harm its business, especially as Musk expands further into gaming.
Market Performance Amid Legal Fight Alongside the lawsuit, Xai’s token has also faced financial setbacks. The cryptocurrency XAI is currently trading nearly 97% below its all-time high of $1.60, which it reached on March 11, 2024. This steep decline highlights the challenges the company is encountering as it attempts to protect its brand identity.
As of press time, the token is trading at $0.04953, marking a 3.85% decline over the last 24 hours.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
