Every single gamer has enjoyed interacting with the gaming world which is filled with virtual goods. It has undoubtedly been a fantasy of all gamers to be able to reap their gaming skills and be able to link the virtual economy whit the real-life economy.
The excitement you feel as you see your online world grow by collecting gold and other items in the game is a priceless feeling. Even though we know that this growth of the economy in the virtual world cannot be used in our real-life, we still feel good watching it grow.
However, with the inception of Chimaera, that is not the case anymore. Chimaera could be the future of the whole gaming industry as it is one of the first ICO to be leveraging the blockchain technology to give gamers value for their virtual wealth in the games in real-life as well.
Enter Chimaera:
Chimaera is a whole new platform that provides the developers of the games, a plethora of tools to host their games on the blockchain, leaving the burden of finding ways to host their games on the blockchain to the more creative minds. The platform also allows them to adopt many ways for the developers to monetize their games. There are literally no limits for the developers to receive a proper reward for their creation.
So, if you thought that there are no benefits for the end gamer, then you will be pleasantly surprised! Like any normal games, the games hosted on the Chimaera blockchain lets the gamer earn in-game currency based on the activities you perform. Things get extremely interesting as this amazing piece of technology lets you exchange this in-game currency to a currency of real value in the real world. The in-game currency can be traded for the CHI token which can then be exchanged for other currency on the exchanges. The whole process of creating value from the activities you perform on a game is called “Human mining”, a feature that didn’t exist before this project. Read on to see the amazing technology that powers this project.
How does Chimaera work?
The whole platform is powered by its own cryptocurrency called the CHI. Unlike traditional games that are centralized, Chimaera is based on the blockchain which is decentralized.
Since the gaming industry is extremely big, one needs a very fast transaction speed in order for everything to run smoothly. However, we all know that speed isn’t the blockchain's strength. To overcome this, Chimaera makes use of side chains. When the network gets congested, the transactions are moved to this side chain and once a certain number of transactions are completed on the side chain, they re-join and are broadcasted on the main chain. This feature of constantly creating multiple side chains is known as the Game channel.
Scaling issues are also taken care of as the need for more computational power. As more gamers get added to this network, the individual computers provide the computational power required thereby keeping the whole system decentralized. There are benefits even in handling the in-game assets. It was virtually impossible to trade the in-game collectible so far. However, Chimaera has its own trading platform hosted on its blockchain which allows users to exchange the different digital assets. The CHI token is a central part of all this. The CHI token can also be exchanged for other crypto assets on an exchange thereby letting gamers get real-world value for their online efforts.
Benefits:
Now that we know how the whole system works, let us see what impact is it going to have in real life.
• With all the different virtual worlds connected, it is now possible to even hold real-life value for these efforts online.
• Since the whole system is going to be powered by the blockchain, there ends any possibility of there being a hack on a game. This means that you will be able to play the game always. Remember the hack on the Pokemon Go game last year? That would not be possible from now on.
• With the addition of virtual reality to this mix, we take it a step further. This gives every user a Matrix-like feeling, being able to do things online that even benefits him in real life.
• The list of possibilities is endless! This could well be a new kind of job in the future.
Conclusion
Having gone through all this, it is fair to say that this project is definitely an eye opener and might well change the gaming industry as we know of. This finally gives an opportunity to the millions of gamers worldwide to be well rewarded for their skills and time spent online playing video games. The developers are also well rewarded for the effort they put into creating the game. All-in-all it is a win-win situation. As a gamer, I would love to see this project kick off and impact the lives of many other gamers.
Check them out: https://steemit.com/blockchain/@originalworks/360-steem-40-bonuses-sponsored-writing-contest-chimaera
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