AltLayer to Launch Gaming-Focused Restaked Rollup for Xterio Games
- Rollup will be powered by OP Stack and EigenDA
We’re thrilled to share that AltLayer will launch a game-focused restaked rollup for leading Web3 game platform and publisher Xterio.
Xterio is a Web3 gaming ecosystem & infrastructure, distinguishing itself as a gaming publisher with top-notch development skills and unparalleled distribution expertise. With five AAA games and over 45 gaming partners, Xterio has amassed a gaming community of nearly a million users worldwide. Co-founded by industry veterans like Michael Tong, former COO of NetEase and CSO of FunPlus, and Jeremy Horn, former Vice President 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 run and managed by AltLayer. It will operate as a Layer 2 settling on Ethereum, and utilize the OP Stack as the rollup framework with EigenDA as the Data Availability (DA) layer. The rollup will focus on web3 and AI powered games with plans to build an on-chain ecosystem around AAA games leveraging the $XTER token.
Unlike a classical rollup, Xterio chain will instead take the form of a “restaked rollup”, a framework pioneered by AltLayer. As a restaked rollup, the Xterio chain will come with MACH — an Actively Validated Services (AVS) offering faster finality with economic security by leveraging EigenLayer’s restaking mechanism.
As Xterio uses Ethereum as the settlement layer, the finality offered by Ethereum can take up to 13 minutes. This is where MACH comes in. In order to guarantee economic security, MACH will operate as a dedicated AVS, allowing users to either delegate ETH via LST/LRTs or stake ALT tokens through a set of registered operators to earn rewards. The dual staking of economic collateral will then be used to attest to the validity of rollup states, thereby offering a fast finality layer for rollups.
Yaoqi Jia, CEO, AltLayer said: “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. With AltLayer’s novel restaked rollup product MACH, Xterio will also enjoy security and much fast 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, expressed: “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.”
Highly regarded for their on-chain gaming capabilities by industry bigwigs, this Binance-Labs backed platform is now building out its game and technology function, including artificial intelligence (AI) integration, and token launch.
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