Chia Network’s statement reveals advanced plans to venture into the nonfungible token (NFT) gaming space. The storage-powered network entry into the NFT gaming segment portrays a veteran deploying a catch-up strategy.
The firm is set to lead the charge using a card-battler demo at a time when Web3-based gaming is emerging as a premium niche. Leading blockchain networks, among them Polygon, Solana, and Avalanche, are dictating the NFT-gaming space.
Also on the list of networks within the Web3 game industry is Sui, despite being newly launched. Nonetheless, Chia Network is unleashing its veteran experience in the game industry to enter the Web3 game sector late.
Chia to Leverage CODE Initiative to Release Card Game
Chia Network revealed in its previous week’s update of launching the Chia Open Digital Economy (CODE) framework. The framework features a tooling and infrastructure design to facilitate the powering of open metaverse-based games and applications utilizing interoperable assets.
Besides the CODE initiative, Chia is set to release a card game established upon proof-of-concept trading. The project identified as ChiaTCG is set for its May 19 launch. It targets to support the NFTs hosted on the Chia network and transform them into playable cards.
The chief executive of Metaverse in Chia Network, Richard Tsao, is advancing the gaming push. The officer is leveraging twenty years of experience in the gaming sector, particularly success in Microsoft Xbox. Also, Tsao’s expertise facilitated the expansion of Ubisoft branches within China and Riot Games in creating the League of Legends.
Tsao acknowledges the critical experience garnered at Riot Games, particularly in recognizing the necessity of formulating an open ecosystem. He admits that openness is essential to have tradable assets wholly owned by the players.
Tsao confesses to initiating attempts to pursue the open ecosystem concept at Riot Games. However, it failed to gain traction, thus proving unviable. Subsequent attempts bore no fruit in securing a large studio since it features an autonomous, thriving, and closed ecosystem of assets.
The attempts led him to establish operations at Chia, a reason for his prominent role in facilitating blockchain network adaptation to improve support for games.
Chia Deploys Users’ Storage Space to Facilitate Peer-to-peer Autonomic Swaps
Chia’s origin is credited to Bram Cohen, who invented the BitTorrent protocol. Chia network utilizes unique mechanisms founded upon the consensus proof of space and time. Unlike the utilization of advanced computers and energy amounts in the Bitcoin network, Chia utilizes users’ storage space to secure the mechanism.
Tsao projects Chia to optimize potential in gaming better than other blockchain networks by leveraging its unique proof of space. In particular, he considers the case of NFT1 token standard pairing with Chia’s Offers system to facilitate peer-to-peer autonomic swaps. Such eliminates the necessity to utilize marketplace protocol or escrow smart contracts. The unique design delivers a meaningful differentiator.
Chia’s gaming ambitions are relative infant relative to the advanced nature of industry leaders. Chia Network utilizes the proof-of-concept game demo that constitutes the initial steps when backed by a plan.
Tsao aims to expedite the white paper’s release and conclude the code that will support interoperability between the subsequent games. He plans to oversee the creation of an abstraction layer to ease the process developers utilize to build games on the network.
Chia Network Prioritizing Web3 Interoperability
Tsao considers AChiaTXG as one deploying generic blend with a proof-of-concept game capable of supporting any NFTs on the Chia network. The chief executive added that the very generic nature gives the projects and communities the supreme opportunity to assess the functioning of the assets within the game. Consequently, the design features a two-player cooperative experience that constitutes the start of the creators.
The entry of Chia into the NFT markets is yet to become disruptive, considering that Solana and NFT command the largest NFT market share. Ethereum’s Skyweaver and Gods Unchained that have transformed the trading card games. Ethereum and Solana are among the blockchain networks with the largest offering of live games. In comparison, Chia’s NFT market constitutes a smaller network though it is already taking shape in 2022.
While Chia seems late into the entry, Tsao considers that the unique infrastructure is set to appeal to the developers. Chia Networks can unlock the functionality, particularly founded upon the interoperability that is majorly unrealized within web3 gaming.
Tsao ruled out Chia professing as a game developer. Instead, he describes Chia as a notable tech developer. He added that Chia desires to utilize metaverse gaming when launching the games. He promised to attract experienced game developers to establish reputable games.
Editorial credit: Sergei Elagin / Shutterstock.com
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