Xai Games is a forward-thinking Web3 gaming company that focuses on creating engaging and immersive gaming experiences. As they continue to expand their ecosystem, the team at Xai needed a robust and scalable token management solution to handle the complexities of their multi-entity structure and ensure seamless integration across their foundation and operating companies.
To support their vast gaming ecosystem, Xai required a sophisticated, flexible token distribution and management system to handle their growing network of stakeholders and token holders.
Challenges Faced by Xai Games
- Multi-Entity Management: Xai Games collaborates across multiple entities, including the Xai Foundation and the Xai Games labs entity. Both entities have different sets of administrators, management teams, stakeholders, and multisigs, each requiring a specialized infrastructure for secure token management and distribution.
- Diverse Stakeholder Groups: Xai Games had numerous stakeholders, including gamers, developers, and partners, who all have different needs for token distribution and varied vesting schedules, unlock schedules, and start dates.
- White-Label Support: The seamless integration of Magna’s platform into Xai’s unique gaming ecosystem was crucial, especially given the brand-centric nature of their operations. Xai needed a branded and customizable solution for integrating Magna’s token management platform.
Magna’s Solutions for Xai Games
- Multi-Entity Setup:Magna’s platform facilitated the creation of multi-entity setups, allowing Xai Games to manage its Foundation and Operating Company independently. This meant that each entity had its own set of administrators, management wallets, and governance structures, enabling Xai to maintain clear lines of operational control. This separation also helped the Xai Foundation maintain decentralized governance while allowing the Operating Company to innovate.
- Custom Claim Portals & Admin Control:Magna developed fully customizable, white-label portals for Xai Games, maintaining their brand identity while offering a seamless user experience. Xai administrators could easily oversee token distributions, track vesting schedules, and monitor stakeholder activity across both the Foundation and Operating Company.
- White-Glove Onboarding and Support:Xai Games required precise onboarding and integration assistance to ensure that both the Foundation managers and Operating Company stakeholders were aligned on token distribution. Magna provided white-glove support, guiding the Xai team through setup and launch phases. This included hands-on assistance for integrating Magna into their gaming ecosystem.
Execution and Impact
- Streamlined Token Management: Xai Games successfully leveraged Magna’s platform to manage separate entities, distributing tokens seamlessly across the Foundation and Operating Company with minimal administrative overhead.
- Scalable Infrastructure: Magna’s scalable infrastructure allowed Xai Games to handle their growing ecosystem of developers and gamers, providing them with flexible and secure token management workflows.
- Customizable Support: The white-label integration allowed Xai Games to maintain its brand identity while offering users a seamless token claim and vesting experience. This branding was critical in maintaining trust and a consistent user experience within the Xai gaming network.
- Operational Efficiency: The separation between the Xai Foundation and Operating Company allowed Xai to decentralize its governance and operations efficiently, enabling both entities to work autonomously but remain aligned on the broader goals of the ecosystem.
Conclusion
Magna’s tailored approach and multi-entity token management system enabled Xai Games to efficiently manage and scale its Layer-3 Web3 gaming network. By providing a flexible, secure, and branded token distribution system, Magna helped Xai Games continue delivering high-quality experiences to both developers and gamers without sacrificing operational efficiency.
Magna’s solutions are instrumental in helping Web3 gaming ecosystems like Xai Games navigate the complex world of token management, while enabling them to focus on scaling their innovative gaming experiences.
"Distribution of tokens to investors in a timely seemless and secure manner is critical to all web3 projects success. Working with Magna and their CEO Bruno was a fantastic - very responsive to many timezones - with great flexibility on the platform for multiple domains and investor types. Would recommend Magna to any web3 project"
John Shipman, CEO, Xai Games
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