#41 | Chess3 Innovates in Web3 Gaming in Partnership with Nibiru
· 2 min read
Nibiru is thrilled to announce a new partnership with Chess3, a platform where the world competes in chess. This collaboration is set to blend the worlds of competitive chess and blockchain, to introduce the vast global online chess community to Web3 through an enhanced user experience and competitive enjoyment.
Chess3 uniquely integrates peer-to-peer tournaments, indisputable proof of game data, spectator engagement, and in-game collectibles, combining elements from both Web2 and Web3 gaming, esports, streaming, and increased utility.
Chess3, with its ambition to be a player in Web3 gaming, is dedicated to making blockchain technology accessible and user-friendly, thereby delivering a captivating competitive experience. Its partnership with Nibiru is set to capitalize on the strengths of both platforms, enhancing community growth and improving user onboarding.
Nibiru's extensive developer tools align perfectly with Chess3's vision for a cohesive cross-vertical entertainment ecosystem. Together, they plan to address into the gaming market valued at $320 billion, the cosmetics market worth $50 billion, and the $2.2 billion tournaments market.
Understanding the Chess3 Vision - Emerging from Web3 Roots
Chess.com is highlighted as an underdog success story, exemplifying a simple yet effective Web2 matchmaking model that utilizes a freemium monetization strategy, commanding over 25 million monthly active users (MAUs). The platform experienced a global surge in interest during the 2020 lockdown, with prominent streamers like Hikaru Nakamura, America's youngest Grandmaster, rising to fame. The social networking effect, facilitated by Chess.com's matchmaking capabilities contributed to its rapid growth.
“Chess.com is one of the most underrated stories in startups. The company does $100M in revenue, has 100M users and did not raise a $$ of venture for over 16 years!” -
Harry Stebbings, 20VC
To provide context, the Chess.com model offers various subscription tiers that allow users to enhance their learning experience by paying for additional features:
Chess.com employs a pay-to-learn model, as opposed to the often criticized pay-to-win approach, ensuring that the game remains skill-based while providing users with resources for learning.
Even with Chess.com's success, there are opportunities to further innovate its model by expanding its vision and incorporating features of ownership often seen in Web3.
Layering In Peer-to-Peer Tournaments & Web3: Welcome Chess3
Repeat.gg, a prominent tournament platform, has 2.3 million users and has hosted over 100,000 tournaments, generating an estimated annual revenue of $3 million. It allows users to win cash prizes by competing in popular games such as PUBG and League of Legends. Chess3 combines elements from Repeat.gg and Chess.com, adding Web3 functionalities to indisputable on-chain data from games. This in turn adds an innovative layer to the traditional chess experience.
Chess3's monetization strategy is self-explanatory, offering diverse revenue streams such as hosting tournaments, wagering on streamed games, and trading collectible assets. Moreover, with substantial user engagement, Chess3 intends to embrace conventional revenue sources like advertising and tournament sponsorships.
Abstracting Complexity Away: An “Invisible Blockchain”
Like Nibiru, Chess3 prioritizes user simplicity, addressing the inherent complexity associated with Web3 tech. The goal is to integrate blockchain for secure and transparent transactions, match data storage, provide collectibles, and maintain tournament integrity, all while ensuring the user interface remains intuitive and easy to navigate.
Key Highlights of the Partnership
- Chess3's Launch: Chess3 is gearing up for its launch in late Q1 on Nibiru’s Testnet, featuring an exclusive MVP Tournament. This event will offer rewards to participants who can gain access through invitations from friends or partner communities, including Nibiru. Chess3's pre-alpha saw hundreds of games played within just a few hours in Q4 of last year, all achieved with zero marketing spend. Following its MVP launch in Q1 2024, Chess3 is expected to attract over 10,000 active beta users within three months.
- Co-Marketing Initiatives: by various co-marketing activities, such as blog posts, Twitter campaigns, AMAs, and more.
- Target Audience: This collaboration seeks to attract chess enthusiasts, Web3 aficionados, token holders, and gamers, offering a unique combination of strategic gameplay and blockchain innovation.
The Future of Gaming with Nibiru
Nibiru is thrilled to partner with Chess3, a team of former finance professionals, top Australian chess players, and a recognized Fide Master. This collaboration marks a significant step in Nibiru's mission to support a diverse range of gaming experiences, from competitive chess and mobile games to RPGs and innovative Web3 games.
Nibiru is committed to providing developers with the tools, scalability, and security needed for the next generation of gaming. Our partnership with Chess3 is just the beginning of a journey to lead the gaming space, attract top developers, and offer users unparalleled experiences with our superior infrastructure and community support.
“We couldn’t be more stoked on our partnership with Nibiru in the lead up to Chess3’s launch. The projects feel like kindred spirits; both on the same mission to bring web3 to the masses, backed by incredible tech and incredible people. We can’t wait to see what the future holds!” - Daniel Tauhore, CEO at Chess3
“The Chess3’s team was an exciting one to meet. Extrapolating on proven analogs in Web2, Chess3’s vision for an broadly-encompassing entertainment stack resonated alongside Nibiru’s closely. The MVP showcased an aesthetic user experience, smooth matchmaking, and well-written documentation. The plans for the initial GTM already sound off to the races with the onboarding of micro-gaming influencers.” - Jonathan Chang, COO at Nibi Inc.
Stay tuned for more updates on this exciting partnership and the future of gaming with Nibiru!
Interested in exploring or building on Nibiru? Visit Nibiru's website for more details and opportunities.
About Chess3
Chess3 aims to revolutionize the way people play chess, making it a gateway for the next billion users into Web3. With a commitment to competitive fun and seamless user experience, Chess3 is poised to become a leading platform for chess players worldwide.
About Nibiru
Nibiru is a breakthrough L1 blockchain and smart contract ecosystem sporting superior throughput and unparalleled security. Nibiru aims to be the most developer-friendly and user-friendly smart contract ecosystem, leading the charge toward mainstream Web3 adoption by innovating at each layer of the stack: dApp development, infra, consensus, a comprehensive dev toolkit, and value accrual.
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