XAI, an Ethereum-based Arbitrum scaler gaming network, has skyrocketed by 60% this week. In the same vein, InQubeta (QUBE), a project that enables investors to influence the development of AI technology, has raised over $8.3 million in funding.
XAI’s Meteoric Rise
Recently, the XAI gaming network on Ethereum’s Arbitrum began its airdrop and has sent 125 million tokens to early supporters. The coin has climbed fast and gained more than 60% in one week, according to data on CoinGecko.
XAI debuted at $0.77 and later dropped to $45 cents before it posted a notable recovery.
With the bearish cycle passing, airdrop activities have ramped up in response to an emerging crypto market. Many projects such as Jito and Pyth have collectively provided users with hundreds of millions worth of tokens.
Upcoming airdrops like the Jupiter and Portal of Solana DeFi aggregator, confirm that at the present moment, tokens are being distributed by these new projects in order to promote community interaction
In November 2023, Elon Musk whose innovations gave rise to Tesla and SpaceX introduced his xAI startup. This plan was a reaction to Musk’s discontent with OpenAI and ChatGPT, which he blames for being unnecessarily conservative. As a solution to this, Musk introduced his own AI chatbot called Grok which was integrated into the X social media platform for Premium+ subscribers
XAI, named after the xAI startup led by Elon Musk, is a “layer-3” gaming-centric network on Arbitrum that works within the artificial intelligence industry. Offchain Labs, Ex Populus and the Xai Foundation developed this network together to turn blockchain gaming into an open-ended decentralized ecosystem.
InQubeta (QUBE) Marches on
At the same time, InQubeta (QUBE) through its crowdfunding platform is aiming to democratize AI technology investment via fractionalized digital collectibles. QUBE. InQubeta provides investors with a chance to control the future of AI technology innovation by investing in artificial intelligence-based start-ups.
Currently, in Stage 7 of its presale, the project has raised over $8.2 million.
The QUBE token is deflationary, as a 2% tax on every buy and sell transaction goes to the burn wallet, thereby reducing its supply over time. Furthermore, a 5% sell tax supports the dedicated reward pool whereby token holders receive rewards through staking.
InQubeta’s NFT marketplace plays an important part in this ecosystem. It allows AI startups to easily mint investment opportunities in AI startups as NFTs. The fractionalized NFTs can be purchased with QUBE on the InQubeta platform.
Additionally, QUBE is also a governance token, empowering holders to play an active part in decision-making processes on the platform. This provides a more democratic and community-based investment atmosphere.
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