The billion-dollar gaming industry shows no sign of stopping anytime soon. In fact, it is expected to grow at a faster pace than its current trajectory. However, the industry in itself is at a loss of how to break the monotony of its current business plan.
The age-old gaming revenue channel has been serving them well thus far and will continue to do so in the near future. However, it is clear that they need a new strategy to change the dynamics of the field while remaining mutually beneficial to customers as well as to the publishers.
Other problems include the utterly saturated market that stares the companies back at their faces. Independent developers can barely hope to leave a mark without a big publisher backing them. One technology could bring the much-needed change in gaming, blockchain.
How a decentralized system, generallyused for crypto-currencies, can help the gaming industry, you ask. Well, the technology holds the key to the industry’s heart – virtual assets. One of the ways in which current games often breakeven is by adding in-game purchases, and blockchain essentially manages virtual items/ assets in a secure way.
Chimaera is the platform based on blockchain that has the potential to reinvigorate the stream of revenue for the publisher while allowing for a seamless experience for the gamers. It provides a complete infrastructure and suite of tools for developers to create the magic that their ambition is telling them to build.
By offering smart contracts, developers have a much wider scope to add possible in-game purchases at their disposal. The whole infrastructure becomes much more polished and flexible with this addition. Gamers get an improved experience where the purchases are not only secure but also seamless.
Despite what may seem like technical jargon, Chimaera will be an extremely inventive and easy-to-use platform.Additionally, the company aims to help developers overcome major limitations plaguing them today, i.e. marketing their product. This is certain to make the developers interested in the platform.
The blockchain gaming platform is completely decentralized with an added multiplayer DAU (Decentralized Autonomous Universes). It offers a safe, secure, and simple trading platform that is cost-effective for developers and easy-to-use for gamers.
The team working on Chimaera are industry veterans and pioneers of gaming on theblockchain, along with other experts who take care of the other aspects of gaming. The official crypto-currency of the platform is CHI, which will be the digital currency that players use while making in-game purchases.
The company has also created two technologies, which further strengthens its ecosystem as a whole. Game channels allow for a free flow of funds across borders without any restrictions, as well as a great gaming experience. Ephemeral timestamps will be used to resolve payment disputes. You can read more about Chimaera in their whitepaper.
If Chimaera succeeds in its ambitious goal of making a democratic gaming platform that allows publishers to cleanly add in-game purchases, while at the same time, providing a quality experience to gamers, it could change the gaming world forever.