Introduction
The cryptocurrency and blockchain industry is constantly evolving. Ever since its introduction to the economic market it has attained impressive feats: due to its characteristic decentralization and security amongst many others.
In recent days, cryptocurrencies and the blockchain are at the cusp of being broadly accepted
and as result of its mainstream tendencies, it is no surprise that the video game industry; (estimated to be valued at about US$108.9billion per annum),
seeks to take advantage of this springboard that cryptocurrency and blockchain offers to further enhance the possibilities and profer innovations for gaming consumers worldwide.
Problem
Xaya seeks to address two major aspects of gaming problem:
Developers:
Developing and marketing of new games in the gaming market is fragmented within a selected few, mostly established gaming companies.
This has strangulated the involvement of new and independent developers, due to inability to procure infrastructures and the time involved in developing gaming concept.
Gamers:
As an enthusiastic video gamer, one of the greatest demands is that of high quality games that are complex.
However, due to the stratification of new developers to the gaming network, new concepts and unavailable and gamers grow bored or frustrated.
Furthermore, with the popularity of the immense rewards that the blockchain has to offer, it is no surprise that gamers no longer just want to play games for the fun of it:
after spending hours, picking up clues to solve a puzzle, it is quite understandable to crave the riches that they (gamers) possess in the virtual world.
Nevertheless, more often than not these virtual game riches (game assets) are not safe, owning to sudden crash of gaming sites and negligence of third party.
The Solution.
Brief History
In 2013, the Xaya team undertook the Huntercoin experiment, this experiment was to analyze the gaming markets, spot challenges and profer solutions to the problems.
Within a few months, Huntercoin proved to be a successful project, recording a total of 35,000 simultaneously controlled characters.
Huntercoin proved that gaming required no servers or infrastructure and paved the way for the incorporation of gaming and blockchain technology.
The Huntercoin experiment empowered developers with the necessary tools to translate games they had in their heads to reality.
As a result of this, Xaya is custom-built blockchain based on the wealth of knowledge that resulted from the Huntercoin experiment and the innovations of Namecoin.
Xaya is a custom-built blockchain, based on Namecoin, which is designed specifically for gaming, to ensure democratization of game development and deployment.
Xaya introduction video:
Xaya Main features:
Decentralized gaming
Xaya leverages on the decentralization characteristic of the blockchain industry to replace storing assets in pre-existing centralized gaming platforms, granting users the ability to own full control of their assets, and totally eliminates the tendency of losing these assets due to negligence of the third party.
This decentralization characteristic affords developers the ability to build their games and also issue their in-game currency,
which can be traded for “CHI” which is a Xaya game coins.
The CHI is used to fuel transactions within the Xaya ecosystem such as:
In-game transactions
Purchase or renting of virtual assets.
Account creation
Account transactions
Furthermore, games running in a centralized environment are just a ticking time-bomb; because they run on servers that could crash or shutdown and result in loss or worthlessness of gamers assets.
Accommodating Environment for New and Independent Game developers.
Xaya would empower new and independent developers to build games and cut down on the time-taken to get their games from the point of concept to the point of release
and also help to minimize the constraints of financing, encountered by these developers in procuring expensive servers, cloud based services, other infrastructures and administration.
Xaya would also afford gamers the platform to connect the dots and bridge the gap between what is virtual and what is reality, by enabling game developers with adequate tools in its ecosystem, sufficient to translate virtual-gaming assets to values in reality.
The Gaming Market and Cryptocurrency.
Cryptocurrencies took the world by a storm, and by addressing the issues plaguing its ecosystem, cryptocurrencies are gradually becoming generally acceptable.
The emergence of “altcoins” which have been modified to address some of the issues plaguing the bitcoin, cryptocurrencies are at the edge of going mainstream.
However, the video gaming market has consistently shown an ever-rising profit margin, with over US$100billion yearly.
This is definitely a gold-mine; with the world itching for more technology, those numbers show characteristic of increasing maximally.
Nevertheless, in the gaming market, freemium model games boasts of over 12 million subscribers.
Freemium are a successful revenue generation model. It is a combination of two words "free" and "premium".
The Freemium model agrees that users would download the free version of the application than the paid version, and as such allows for the app to be downloaded without restrictions in gameplay, however the freemium model allows an allocation for users to purchase add-ons in the application to improve their gaming experience.
Thereby generating more money, than what would have been made, if the application was downloaded only after paying a fixed price.
The prospect of having a budding gaming market and cryptocurrencies.
The value of cryptocurrency is dependent on a number of factors, however “the speed of money within its ecosystem is a major factor”.
This implies that, the higher the number of users, the higher the value of the cryptocurrency.
If we view this in full picture:
Xaya being a blockchain gaming platform and also a cryptocurrency,
possesses the prospects to becoming a budding innovation.
The value of the Xaya ecosystem would increase exponentially as the entry of developers and gamers increases.
Ephemeral Timestamps
Xaya is conscious of the possibility of future disputes that may arise amongst players: as there is an allocation on the platform for players to file in disputes, in case of a disagreement between them.
However, Xaya caters for loose ends, in case dishonest players file for dispute just to disrupt the proceeding of the game.
Ephemeral time stamps ensures that the resolution of disputes follow a due process, and that the money of both parties involved is not lost. It also ensures that honest players receive the cash price for the game and also the refund of their transaction fees
What's different with Xaya?
Unlike other blockchain, Xaya transcends from being a concept to being a reality with its developed games about to be launched:
- Treat Fighters
Treat Fighters is a game that would run entirely on the blockchain, it employs nodes as servers, which guarantees players with a never-ending gaming time.
2.Soccer Manager
Xaya takes advantage of the popularity of the soccer manager game to have access to millions of players already existing on its platform and in turn Xaya provides the blockchain, which would enhance gaming experience.
The blockchain gaming platform would grant players the opportunity of coming close to being a real manager with the provision of in-game assets such as players, stadiums, transfer fees and also gamers can earn from it too.
Xaya Monetization
Use Case
Johnson is a video-game lover, however he is very enthusiastic about card games.
In recent times, Johnson has noticed the inconsistencies and bias of the proceeds of the games. This inconsistency has deterred Johnson from enjoying and consistently playing his favorite game.
However, Johnson stumbles upon the Xaya blockchain, and finds out that the card games on its platform are custom-built by the developers to be fair and provable.
Alas! Johnson is happy and can return to enjoying his game in a decentralized environment.
Xaya RoadMap
Watch this expository video I made:
The Xaya Team
Although Xaya is a new innovation on the blockchain industry.
However, its team is made up of experienced and capable hands.
Which includes: Blockchain experts, Original blockchain gaming creators, business experts and developers.
For more information about Xaya:
Xaya Website
Xaya Whitepaper
Xaya Medium
Xaya Bitcointalk
Xaya Reddit
Xaya Facebook
Xaya Twitter
Xaya LinkedIn
You can find this contest by @Originalworks by clicking here
Twitter Link
https://twitter.com/GodwinFyoung/status/1045943036541358080?s=20
- GodwinFyoung
xayatwitter
xaya2018