Xai is the first Layer3 blockchain in the Arbitrum ecosystem, focusing on seamlessly transitioning traditional gamers into the Web3 gaming world.
The main reasons for the recent strong rise are:
1. The strong rebound of Ethereum has driven all altcoins, welcoming the altcoin season.
2. xAI is negotiating new financing matters, with a valuation that could reach 120 billion dollars. Just over a month ago, its valuation was only 80 billion dollars, and in a financing round in December, it was valued at about 40 billion dollars. In just a few months, xAI's valuation has rapidly increased, showing that the market and investors are optimistic about its development prospects.
3. xAI is closely connected to Elon Musk's social media company X. In March of this year, Musk announced that he would sell X to xAI.
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