Inspired by Elon Musk’s recent artificial intelligence venture, XAI coin, a cryptocurrency, surged by 49%. The token’s future movements are expected to align with the trajectory of the AI landscape. XAI coin was launched this year, drawing its name from Musk’s xAI initiative and is a product of Xai Foundation and Offchain Labs. Built on the Arbitrum Layer-2 Blockchain, XAI coin aims to lead the integration of Blockchain technology into gaming, focusing on AAA games, which are high-budget, large-scale video games typically developed and published by major studios.
The remarkable price hike of XAI is primarily attributed to the launch of a play-to-earn game by startup Orivium on the Arbitrum chain, which will be powered by XAI technology. This strategic move places XAI coin at the forefront of the Blockchain-based gaming revolution, offering various game-changing features such as low transaction fees, stable gameplay, simple game interaction, and seamless integration of Blockchain wallets.
Since Sunday, XAI coin has shown an impressive increase of 57.77%, now trading at $1.03. During its launch on January 4th, 3% of the maximum 2.5 billion XAI supply was allocated for distribution as rewards on Binance, influencing the coin’s early market dynamics.
Elon Musk, CEO of Tesla and SpaceX, entered the AI arena in November 2023 with the launch of xAI, positioning it as a competitor to OpenAI and its conversational AI, ChatGPT. Musk’s initiative aims to address perceived shortcomings in current AI platforms. His criticism of OpenAI’s “woke” ChatGPT led to the release of xAI and Grok, a chatbot integrated into the X social media platform for premium subscribers, offering a unique AI-driven interaction for those willing to pay a monthly fee.
