CHIMAERA | A Blockchain-Based Gaming Ecosystem Promising a Shift from Virtual to Real

Chimaera aims to provide a democratized and versatile platform that is decentralized, flexible, secure and autonomous to build variety of provably-fair games with reduced costs using Chimaera blockchain, and to effectively manage and trade game currency and assets.

Chimaera for game developers

Democratization, cost-effectiveness and time-effectiveness

With limited access to the infrastructure because of financial constraints, games developers find it difficult to initiate a gaming project. There are a number of factors affecting the costs incurred in game development in both pre-development phase, such as choosing the platform, tools and infrastructure, and post-development phase such as testing of the game and marketing. It is really challenging to making the game viral after it is created. Heavy investment is needed for marketing and advertisement. Moreover, it is also indispensable to test the game before launching it to avoid taking the risk of negative user experience. 

Chimaera will provide cost-effective and democratize platform and tools and infrastructure to game developers thus (i) enabling them to materialize their gaming ideas, while (ii) eliminating the costs associated with servers and cloud-based services and account administration.

Autonomy

Chimaera will provide to the game developers a true self-governing gaming world, which they call Decentralised Autonomous Universes (DAU) where the game developers would be able to unlocking their imaginations to their creative peak with a 24/7 uptime; where they would show their gaming talents to the world without being restricted because of financial worries or dependency on the infrastructure.

Monetization

Chimaera offers limitless and flexible monetization possibilities to the developers and it is up to them how to monetize their games. Some of these are: selling game coins and other products and services, and advertisement. Leveraging the blockchain technology of Chimaera, the developers would create in-game trading and sharing platform and supply their own, tradeable game currency which would be traded for CHI.

Chimaera for gamers/ players

Introducing virtual asset-storage ledger

While exploring online game world, gamers build their virtual economies by spending real money to buy virtual items for their avator such as weapons, clothes, powers, game coins etc, and these are their intangible properties in the non-physical realms. These assets are important for the gamers because they represent their status in the gaming community and help them to progress to more advanced stages in the game. The player also feels emotional attachment for these virtual items and they use them for self-expression. A recent research has shown that these assets have positive influence on the gamer’s psychological well-being. 

The gamers cannot transfer these assets between games, however. Moreover, the assets are stored in or are associated with that particular game account. 

Chimaera promises to offer true ownership of these virtual assets which would be secured by the Chimaera blockchain in a real-time virtual asset-storage ledger. The gamer would store their assets in the ledger independent of the games they play, and they will be in control of their private key. Thus, it ensures complete security.

Earn-to-play and trading of virtual assets

The gamers would earn in-game virtual currencies and assets as a result of their gaming activities. They would trade their in-game virtual assets for real-world value or to exchange them for virtual items in another game within the ecosystem. All the transactions will be peer-to-peer.

The figure below summarizes the benefits Chimaera would provide to both developers and gamers.

Chimaera (CHI) Token

Not only a blockchain-based gaming and virtual item trading platform, Chimaera (CHI) is also a cryptocurrency, and its value will increase with its adoption by gamers and developers. CHI powers all the transactions within the Chimaera ecosystem, such as account creation, buying and trading virtual items and the like.

As the figure below shows, 40.5 % (225,000,000) of the tokens are available for sale, while 40 % are mineable. The remaining 20 % tokens are allocated to the company, team, and other expenses. The total token supply is 555,555,555.

Chimaera Team

Chimaera project is the result of several years of research and development by pioneers in the fields of gaming, blockchain IT, software engineering, and business. In 2013, the team developed and successfully deployed Huntercoin, the world's first decentralized and autonomous multiplayer game built on the blockchain. 

More about Chimaera's core team and advisory board can be found here.

This is my entry for the contest hosted by @originalworks

The images are used from Chimaera's website, and edited/ drawn by me.

To know more about the project and to read the whitepaper, visit the website.

Join Chimaera's referral program and earn 5 % CHI for every signup.

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