XAYA: COMPENSATION FOR THE PASSION OF VIDEO GAMING ON THE BLOCKCHAIN ECOSYSTEM
Introduction
Xaya is a decentralized gaming platform built on the blockchain that allows game developers to create and deploy their gaming visions into realities with little financial implications.
In the past Its highly cost effective to build and adequately deploy a new gaming design into the market. But Xaya helps reduce this cost at a minimal rate through the use of the blockchain technology. Now game developers can independently create games without involving a third party.
In addition Gamers can take full advantage of the Xaya technology to generate and issue their own game currency which can be exchanged for (X) Chi ( Chi is the main tradable currency on the Xaya platform and is represented as X which is pronounced 'Chi' as in the old Greek) and also can create other game coins and assets.
One most fascinating aspect of Xaya is not only that it allows gamers to create gaming apps that stands on his own and is not dependent on any third party organization but the users have complete ownership of all the gaming items there in. That is the coins earned while playing this games can be converted for real time money. Isn't that amazing? if it isn't I don't now what is.
WHAT IS XAYA?
XAYA is a gaming platform built on the blockchain and trading of virtual assets for cryptocurrencies as passion for players and developers. It is built on the blockchain to manage the increasingly complexity of game development and securing, sharing and trading of virtual assets. XAYA gives every game developer absolute permission to bring to reality the ideas they may have and also reduce the cost to manage such ideas when they are deployed as virtual assets into the XAYA platform. Most importantly, developers can create their own token to trade virtual assets with other cryptocurrencies such as the XAYA "CHI" which is the platform token. Also, developers can create an absolute decentralized and autonomous games where players can "expect 100% uptime and have provably fair game play with true ownership of their in-game items".
XAYA will achieve this by developing a single blockchain-based platform that do not necessarily requires a server for users and developer to access their virtual assets.
Challenges facing the Gaming Industry
The gaming industry is really a huge one with equally enormous challenges. According to reliable sources, the global gaming industry is worth billions of dollars. The growth is in double figures and there is no stopping it. However, there are big time challenges that must be addressed to consolidate on the progress already made in the gaming industry. Consider the following:
Centralized: Game developers rely on huge companies that provide the development and deployment, and marketing platforms for their games. Because of having this central authority control their assets, game developers battle with unfair revenue sharing models. At the end of the day, the game developer goes home with less money while the controlling authority takes a large bite of the funds generated. Also, hosting their assets on a centralized server and infrastructure results in problems defining true assets ownership. Most times, the company providing the infrastructure and resource claims or holds bigger rights over the asset than the game developer. Finally, game developers could be defrauded by dishonest companies or worst yet, they could loose their asset to hacking.
These are some challenges that can be overcome with the decentralized nature of blockchain technology.Dividend distribution: today's online gaming has problems not just unfair revenue sharing but also the medium for paying developers. Addition to centralized authorities making huge pay-cuts from developers funds, they also send te payments through traditional payment gateways like Visa. The payment gateway will charge a fee for payment processing further reducing the game developer's revenue. Also payments could be delayed in-between the platform sending funds to the processor and the processor paying the game developer. Blockchain technology can provide a secure direct payment to game developers with little or no processing fees.
Development time and funding: Game development is undoubtedly an expensive project to undertake. To pay companies that provide development infrastructure - like servers and other development tools- require substantial capital investment. Hence, upcoming game developers and firms find it difficult to break into the system and succeed. Additionally, being able to secure the needed funds is one thing; completing game development in less time is another. Currently it takes much time to build a game from concept, coding and design to testing, deployment and marketing. This is because development tools are not available in one platform and needs to be integrated at various stages of the project. Blockchain-based game development will provide a less expensive platform for game development and greatly increase game release time by hosting all the tools in one place.
Other challenges unique to gaming industry includes lack of transparency, government or corporate intervention and lack of security of gaming assets. These challenges are begging for solutions which blockchain technology can provide.
There are still very few blockchain solutions that can safely overcome the above challenges and streamline game development. However, there is one rare platform that has been working consistently to solve the problems facing the gaming industry using blockchain technology. This brought together experienced game and blockchain developers to find and merge the best of these two worlds. The project is called Xaya. What exactly is Xaya and how does it work?
The First Ever Vision -Huntercoin
A few years back, 2013 to be precise, the team behind Xaya brought to limelight; The first ever multiplayer game that ran on blockchain technology, brought decentralization, a system that hosted multi algo currencies, made mining crypto a possibility for users on the platform via gaming activities.
Partnership
As usual we in other to achieve such massive vision there's need to partner with organizations and investors that can positively contribute to the growth of the vision. As such patterning with Xaya will allow soccer manager the liberty to offer its gamers fairness in game play and also 100% ownership of in-game assets such as coins, currency, stadium, players and more. Partenering with soccer manager will add a real life gaming experience to the users as Xaya will help expose the gamers to a new world of gaming possibilities and also help grow the user base as this will see lots of users playing and also giving them they feel of real soccer management.
Blockchain technology has proven to be a very relaivke source of storing asset value. example of games that can store values are card games, sports games e.t.c. These cards can be traded freely by users on the Xaya platform.
UPCOMING GAMES
As XAYA launch it mainnet, popular games such as Soccer manager will partner with XAYA. This will encourage millions of Soccer manager such as Perez who will benefit from his virtual assets of managing his team as he can turn his passion to real time money.
Also, XAYA will launch a Treat Fighter game where players can brew their own fighters and compete with other players.
ROAD MAP
