Xai Foundation and Outlier Ventures Launch Tokenomics Bootcamp to Attract Web2 Developers

• The Xai Foundation, the principal architect behind the Ethereum layer-3 gaming network built on Arbitrum, has announced a new collaboration.
• This partnership is with the venture capital firm Outlier Ventures and aims to introduce Web2 developers to the crypto gaming world.
• Announcing the initiative, Outlier Ventures and Xai Foundation will launch the Xai Tokenomics Bootcamp to streamline blockchain game development.

Xai Foundation and Outlier Ventures team up to accelerate blockchain game development, aiming to integrate Web2 developers into the Web3 ecosystem.

Xai Foundation’s Strategic Partnership with Outlier Ventures

The Xai Foundation, known for building the Ethereum layer-3 gaming network on Arbitrum, announced a significant partnership with the venture capital firm Outlier Ventures. This collaboration aims to draw Web2 developers into the burgeoning world of blockchain gaming, offering them a seamless transition into Web3 through a specialized development bootcamp.

Introducing the Xai Tokenomics Bootcamp

The Xai Tokenomics Bootcamp is designed to simplify and expedite the development process for blockchain games. This initiative provides Web2 developers with expert guidance on essential aspects such as game asset ownership, token utilization, player rewards, and security. By leveraging Outlier Ventures’ rich expertise, the bootcamp aims to foster a new generation of blockchain-based games.

Success Stories from the Pilot Phase

The bootcamp has already seen tangible success, with two games completing its pilot phase. One notable example is “The Lost Glitches,” a card-battling game previously hosted on the Ethereum scaling network Immutable X. This game has now transitioned to Xai, signaling a successful migration and adaptation to the new blockchain infrastructure. The other title remains under wraps but has reportedly seen a successful transition as well.

Challenges for Web2 Developers

Tobias Batton, the founder and CEO of Ex Populus—a core team supporting Xai—highlighted the inherent challenges that Web2 developers face when transitioning to Web3 gaming. “Most developers from Web2 lack the requisite knowledge to build on-chain games,” Batton stated. “Our partnership with Outlier Ventures and the Tokenomics Bootcamp address this gap, equipping developers with the tools necessary to create the next wave of blockchain games.”

Xai’s Expansion and Future Plans

Since its launch earlier this year, Xai has garnered significant attention, initiating a substantial token airdrop for network supporters and early NFT owners. The platform is set to host a range of games in the coming months, including “Crypto Unicorns” and “BattlePlan,” which are migrating from other blockchain networks. The Media Indie Exchange (The MIX) also announced plans to launch around 100 games on Xai by the year’s end, involving both new titles and conversions of existing Web2 games.

Outlier Ventures’ Perspective on the Partnership

Dimitrios Chatzianagnostou, Head of Investments and Cryptoeconomics at Outlier Ventures, expressed optimism about the collaboration. “Xai is at the forefront of Web3 gaming, and their rapid growth in the space is impressive. We’re excited to support both new Web2 developers and established Web3 game developers in creating the next generation of blockchain games,” he said.

Conclusion

The partnership between Xai Foundation and Outlier Ventures marks a pivotal moment for the integration of Web2 developers into the Web3 gaming space. With the introduction of the Xai Tokenomics Bootcamp, developers can now overcome traditional challenges and efficiently transition to blockchain game development. The future looks promising as more games and developers join the Xai network, driving innovation and growth in the crypto gaming sector.