ARBITRUM'S NEW 'LAYER-3' XAI NETWORK IS BUILT TO POWER WEB3 GAMES

Summary from the TLDR Crypto newsletter

A new layer-3 network called Xai, built on Arbitrum, an Ethereum L2 network, will specifically cater to game creators. Xai promises enhanced scalability, efficiency, and cost reductions, with plans for even lower fees and faster transactions for smoother gaming experiences. Developed in collaboration with Offchain Labs and Ex Populus, Xai aims to provide a more user-friendly platform for token-powered games akin to what ImmutableX is doing with its gaming-centric chain. The first games to launch on the Xai network will be developed by Ex Populus, aiming to attract traditional gamers with a frictionless gaming experience backed by blockchain tech.