<figure> 
 <figcaption>
  Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
<p lang="en-GB" xml:lang="en-GB">Today, <a href="https://u.today/binance-debuts-token-with-name-of-elon-musks-start-up-xai">game coin XAI</a>, which was launched this year and named after Elon Musk’s xAI start-up — which works in the artificial intelligence industry — demonstrated an astonishing rise of 49%. The news was reported on Twitter by major cryptocurrency exchanges Gate.io and Bybit.</p>
<h2 id="here-s-main-trigger-pushing-xai-up-49">Here’s main trigger pushing XAI up 49%</h2>
<p lang="en-GB" xml:lang="en-GB">XAI was created by Xai Foundation and Offchain Labs on the basis of Arbitrum and is a layer-2 blockchain created for AAA gaming. The primary goal of this is to lead the way for blockchain technology into games. It helps to acquire, own and trade various in-game items, turning the gaming ecosystem into a decentralized and a completely transparent one.</p>
<p lang="en-GB" xml:lang="en-GB">The main reason for the astonishing price surge of XAI, according to the tweet published by Bybit, is the fact that Orivium start-up has created and launched a same-name play-to-earn game on the Arbitrum chain. It is “blockchain-enhanced real-time strategy game,” and it will be powered by XAI technology.</p>
<blockquote>
 <p lang="en" dir="ltr">🧠 <a href="https://twitter.com/hashtag/XAI?src=hash&amp;ref_src=twsrc%5Etfw">#XAI</a> surged by 49.3% after Orivium launched their XAI-powered blockchain strategy game.Celestia Network has become a key player in the blockchain space after its <a href="https://twitter.com/search?q=%24TIA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TIA</a> token airdrop in late 2023.🌐 Explore more: <a href="https://t.co/k4HmXOoDAS">https://t.co/k4HmXOoDAS</a><a href="https://twitter.com/hashtag/TheCryptoArk?src=hash&amp;ref_src=twsrc%5Etfw">#TheCryptoArk</a> <a href="https://twitter.com/hashtag/BybitNews?src=hash&amp;ref_src=twsrc%5Etfw">#BybitNews</a> <a href="https://twitter.com/hashtag/Bybit?src=hash&amp;ref_src=twsrc%5Etfw">#Bybit</a> <a href="https://t.co/hw8kFesphb">pic.twitter.com/hw8kFesphb</a></p>— Bybit (@Bybit_Official) <a href="https://twitter.com/Bybit_Official/status/1746864814360555840?ref_src=twsrc%5Etfw">January 15, 2024</a>
</blockquote> 
<p lang="en-GB" xml:lang="en-GB">XAI technology will allow this strategic game to have small transaction fees, stable gameplay, easy-to-understand game interaction and easy ways to integrate blockchain wallets into it. This is a major move forward in the blockchain gaming space.</p>
<p lang="en-GB" xml:lang="en-GB">Since Sunday, the XAI coin has <a href="https://www.tradingview.com/symbols/XAIUSDT/">skyrocketed by 57.77%</a> overall and is now exchanging hands at $0.9511 on the Binance exchange. The maximum supply of this coin equals 2.5 billion XAI; 3% of it was allocated to be given away as awards on Binance during the launch on Jan. 4.</p>
<h2 id="elon-musk-s-xai-start-up-doing-well">Elon Musk’s xAI start-up doing well</h2>
<p lang="en-GB" xml:lang="en-GB">Elon Musk, tech magnate, owner of the X app, and CEO of Tesla and SpaceX, launched his xAI start-up in November 2023 in order to compete with OpenAI and its AI chatbot, ChatGPT.</p>
<p lang="en-GB" xml:lang="en-GB">Soon after the launch, <a href="https://u.today/elon-musk-debuts-xai-new-chatgpt-rival-heres-how-to-get-in">xAI released</a> its own chatbot, called Grok, and it was integrated on the X social media platform for Premium+ subscribers, who pay a monthly fee to access it.</p>
<p lang="en-GB" xml:lang="en-GB">Musk decided to go for a new company after he poured heavy criticism on OpenAI for creating “woke” ChatGPT; the chat bot avoids discussing certain sensitive topics with users. Musk stated that this was a major drawback and decided to launch his own AI chat bot.</p>

Key Reason Why This Elon Musk-Inspired AI Coin Just Surged 49%

Table of Contents

U_Today

Other articles published on Jan 15, 2024

Bitcoin (BTC) Falls Under $43,000: Analyzing the ETF Approval’s ‘Sell-the-News’ Effect

iFX EXPO Dubai 2024 is Right Around the Corner, Drawing Crypto Enthusiasts

Bitcoin To Reach $1 Million In Days To Weeks, Crypto Analyst

An overview of current news in the crypto space

Binance Announces New Altcoin and Staking Opportunity

Bitcoin’s Potential Rise Amidst Market Speculation

Join our free newsletter for daily crypto updates!