XAI (Xai) rose 17.39% in the last 24 hours.

Gate News Bot news, on September 12, according to CoinMarketCap, as of the time of writing, XAI (Xai) is currently priced at $0.06, having risen 17.39% in the last 24 hours, with a high of $0.06 and a low of $0.05. The current market capitalization is approximately $103 million, an increase of $15.2 million compared to yesterday.

XAI is a Layer 3 blockchain solution based on Arbitrum technology, focusing on independent game development. XAI offers a $100 million game incentive program aimed at supporting the most innovative and promising game projects. The platform also launched the Vanguard League, which automatically joins players based on their elite achievements in games deployed on the XAI network. XAI is committed to providing Web3 capabilities and deployment support for game developers, creating a new game ecosystem.

Important recent news about XAI:

1️⃣ XAI and the trademark dispute with Musk's XAI company The Ethereum gaming network XAI has filed a trademark infringement lawsuit against Musk's artificial intelligence company XAI. This legal action may draw market attention to the intellectual property protection of the XAI project and could impact its brand positioning in the blockchain gaming sector.

2️⃣ XAI ecosystem continues to expand XAI, as a Layer 3 solution based on Arbitrum, is actively promoting its application in the field of game development. Its $100 million gaming incentive program and the launch of Vanguard League demonstrate the project's ongoing efforts to attract developers and players, which may be an important factor supporting the recent price rise.

3️⃣ Market attention on Layer 3 solutions is rising With the increasing maturity of Layer 2 networks, the market has begun to pay attention to Layer 3 solutions like XAI. XAI focuses on positioning in the gaming sector, which may have attracted investors' interest in the future development of blockchain gaming, thereby driving the rise in its token value.

From a technical perspective, XAI's 24-hour trading volume and price have both risen, indicating strong market demand. However, considering the high volatility of the cryptocurrency market and the potential risks such as trademark disputes facing XAI, investors should remain cautious.

This message is not intended as investment advice; investors should be aware of market volatility risks.