Introduction
Recent estimates suggest that the gaming industry is currently worth 137.9 billion dollars, and it is expected to grow to 180.1 billion dollars in 2021. And on the other hand, the cryptocurrency market is valued at 1 trillion dollars, with a realistic growth forecast in the coming years. Both markets hold a considerable amount of inherent potentials for massive disruption, and a project that can successfully leverage both platforms can go on to create something truly disruptive.
A platform robust enough where several millions of people can compete, cooperate and interact simultaneously, in a truly decentralized virtual reality that runs without the need for severs. This fair environment where individuals can harness the intelligence and skill in the general resources that have real-world value. Gone are those days where you spend countless hours in front of your console, just to earn points or complete milestones that only holds emotional benefits.
The Decentralised Autonomous Universe (DAU) which has the capacity to create new realms of possibilities have not been fully explored. Part of this possibilities is the creation of a platform where millions of individuals that may be located at different parts of the world, can work together in the pursuit of a common identified goal or interest; all of which can happen in a virtual environment. This is the reality XAYA is already making happen with its platform.
Introducing XAYA
Being a custom blockchain built with the Namecoin platform, XAYA was formerly known as Chimaera, and was among the first to implement a decentralized massively multiplayer online (MMO) video games built on the blockchain in 2013 with the use of huntercoin. And so, one can say XAYA is an important tool that supports the scalable implementation of virtual games that are truly decentralized. XAYA supports the development and implementation of virtual worlds hosted on the blockchain, that doesn’t require the need of centralized servers. This provides a cut through of the time game developers will need to conceptualize a game, down to the launch or release of that game. Also, XAYA also eases the financial burden needed for administration and infrastructure for small-scale development teams.
On the XAYA platform, players will possess real ownership of their online assets and will earn a part of the profit made by the developers. This will be made possible by the conversion of the online asset that earns while engaging on the XAYA platform, to the real-world token with the use of crypto. XAYA enables game worlds to run independently, this way, players won’t get to lose their asset to the carelessness of third parties.
Lastly, one would assume that XAYA it is merely an asset management system, which clearly it is more than as it enables these virtual games to operate in an efficient, effective and independent and decentralized way that is highly secure. In this framework, gamers won’t stand the risk of losing their asset to the negligence of third parties.
Take One - HUNTERCOIN
In 2013, the team behind XAYA initially experimented on the Huntercoin project, where it was able to achieve some feat with the help of the Huntercoin. This try out was a success, as about 35,000 characters were recorded to be interacting in the game, at the same time. It was completely independent of the need of any centralized servers, this went on to become a hobby project, with a valuation of about $10M USD.
Some highlights from the project are:
It became the first game built completely on the blockchain
It becomes the first massively multiplayer game that was decentralized
The very first human mining permissible cryptocurrency
Here are the major advantages XAYA has in store for all the games that will be made available on their platform.
- Fair and true ownership of virtual items with a safe and simple sharing and trading
- Robust virtual asset trading platform for both gamers and developers
- Cost-effective and rapid deployment of blockchain games for developers
- Fair gaming model in all areas that guide against cheating etc
- 24/7 availability with ownership security
- Asset creation and virtual currency development tools for programmers
- User-friendly wallets
- The game engine that is exportable that is compatible with both unreal and unity
Finances, Cryptocurrency, Investment
As mentioned earlier, the gaming and cryptocurrency markets are both worth billions of dollars, and both still possess room for significant growth. XAYA represents a strong investment in its entirety, XAYA has a local cryptocurrency known as CHI, and the game developer that wants to take advantage of the popular XAYA platform will have to obtain this CHI tokens. This way, there will be a sustainable demand for the CHI tokens which in turn will create high velocity for the CHI tokens. This way, the XAYA community will grow sustainably with the demand and supply of CHI tokens.
A total of 150 Million CHI tokes valued at 0.00002 BTC against 1 CHI, pegs the market cap to an approximate $18.5 M at current market prices; which in today’s market, is quite cheap. This makes XAYA ripe for investment, as it promises a great ROI. As mentioned earlier, CHI is the locally dedicated token that fuels operations on the platform and this activities directly controls the value of the CHI tokens. Here are some of the operations that the CHI tokens perform on the XAYA platform.
- The purchase of the game asset
- The creation of accounts
- Accounts transactions
- Gaming transactions
- The purchase of game accounts and asset
- Coin transaction
- CHI powered crowd sales
An approximated 330 Bitcoin was raised during presale of the CHI token, there were coins that were not sold during this period, and that is probably due to the security restriction which only permits Japan, USA and China to be part of the presale. The unsold coins that were left over after the main sale, will be burned. The main sale will take place on the 12th of October, and the first 4.5M coins sold will come with a 15% bonus to the people that adopt the technology at the infant state.
XAYA is predominately focused on the growth and development of the platform, against offering financial rewards and ROI to its investors and team members within a short period of time. I believe this will be well received by investors that are interested in the gaming and cryptocurrency space, and who are looking to make a long-term investment. With the hopes that sometime in the future, XAYA could outpace mammoths like Steam. The current business model XAYA runs on is one that allows generating revenue per single user, and the XAYA ecosystem grows, and they currently have 6 partners working to ensure XAYA achieves its goals
- Inbound Junction
- Neverdie
- Wow How Studios
- Tricky Fast Studios
- Liquid
- Soccer manager
The most lucrative partnerships are between Liquid and Soccermanager, as it ensures XAYA maintains a strong position while making a market entry. We will talk about the partnerships in the coming paragraphs.
XAYA Ecosystem
In order for the XAYA project to be sustainable, there has to be a flourishing ecosystem in place that will generate multiple streams of income. And XAYA has been able to create a thriving ecosystem by identifying the pains that the gaming community faces, and we will explore some of those pains.
Developers - They are faced with the extended time needed to conceptualize and develop games, not to mention the huge associated cost of game development, from scratch to finish. And due to the very nature of this challenge, it affects the number of games developed, and a lot of impressive games are cursed to remain in the drawing board without seeing the light of the day.
Gamers - Gone are the days where gamers will battle for hours, day and night in the hope of earning rewards that only have emotional benefits. Today’s gamers need complex games through which they can be rewarded with incentives that have real-world value, for the time and effort they put in while playing games. This will be the ultimate dream of every gamer, to be paid to do what you love.
XAYA’s Solution
The problem both developers and gamers face is closely linked to each other, it is the classic case of demand and supply, with a highly incentivized framework. And that is exactly what XAYA offers which is a platform highly favourable to enable developers to create games with the use of the rich infrastructures at their disposal. The quality of complex worlds (games) created by developers, will be one that gamers will appreciate because there will be incentives to keep them playing. This evenly balanced ecosystem will be called XAYA.
The XAYA platform is one where game developers can have access to all the necessary tools needed to develop virtual worlds (games) that expedite the speed of game development and also minimize the cost of developing this games. Game developers can also issue unique tokens to their games, and this currency can be swapped for CHI and other XAYA related tokens that the platform may implement sometime in the future.
One of the major challenge faced by both the cryptocurrency and the gaming market is scalability, and in order to successfully address this challenge, XAYA will be adopting the trustless off-chain scaling for games, and other gaming channels, as well as ephemeral timestamps.
XAYA Technologies and Key Intellectual Properties
The XAYA blockchain is protected by the proof of work algorithm (POW) which is almost a constant in crucial game data, as well as player accounts. The following are the innovations that establish the impact of XAYA’s IP, which makes it quite unique:
Game Channels: These are payment extension channels found in Bitcoin, it is properly applied to enable real-time and limitless gaming on the blockchain
Global Game States - This is a consensus built on the blockchain that can be used to mitigate cheating, as well as a provably decentralized and fair gameplay
Atomic Trading - This was created in 2013 by the XAYA team while they were working on Namecoin. It allows the trustless trading of game currencies, items, a whole game accounts for CHI, hereby ensuring demand
Ephemeral Timestamp: We all know that when two or more people are gathered, friction is bound to happen, and the XAYA have taken the prerogative to deal with in-game friction, transactions, will all be resolved with the Merkle hash commitments, fraud proofs, and amortized mining incentives. All of this is also to ensure that cost transaction fees isn’t too expensive to the participants of the XAYA platform.
Games Supported on the XAYA Platform
Here are the few games developers can access and build on the XAYA platform
- Multiplayer online battle arenas (MOBA) / Real Time
- Strategy games
- Collectable card games
- Turn-based games
- MMORPGs
Several game genres exist apart from the three popular online games categories
Upcoming Games
XAYA main net has been launched, and they are gearing up to add more games to their platform. There are two major releases that are almost ready to hit the platform, and they are
Soccer Manager
Being a football fan, this is one of my favourite games of all time, XAYA will enable soccer manager to get fair ownership of in-game assets like players, currencies, stadiums, and many more. This partnership is meant to expose the XAYA platform to millions of football loving fans all around the world, while also offering Soccer Manager the opportunity to jump on the blockchain gaming bandwagon.
Soccer manager gives players a close enough experience of the life of a football manager, as you will have access to what football managers have access to in real life.
Treat Fighter
Also set to launch soon into the XAYA pool of games. Treat fighter has its set in the world of Canedoom, your mission should you choose to accept it, is to conjure up the best treat fighters and battle with others. The entirety of the game will be run on the blockchain. Nodes will act as serves, players can expect 100% uptime in the crafting genre type of games.
XAYA Main Sale is Live!
The XAYA token main sale is live and users can purchase tokens, and they can also create an account to be able to join the bounty program and earn some free tokens by completing some simple basic tasks.
The XAYA community is an active one, and you can also be a part of us at our telegram group
Conclusion
With an experienced team that have worked together on previous projects such as Namecoin and Huntercoin and have been able to achieve relative success. The XAYA platform enables the concept to market actualization for developers, where players can own an asset that possesses real-world value.
Over the year, the revenue from the gaming industry has been steady on the increase, and with the development of the XAYA platform, it is certain to give a good return on investment in due time.
My Video Presentation
Twitter Link
https://twitter.com/aAgbona/status/1045460503957565447
- aAgbona
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Resources and Materials
Xaya Website
Xaya WhitePaper
Xaya Medium
Xaya Bitcointalk
Xaya Reddit
Xaya Facebook
Xaya Twitter
Xaya Linkedin
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