Is Chromia a good investment in 2022 (CHR)?

When Facebook made its strategic name switch to Meta, we immediately saw a massive spike in cryptos that are building metaverses. Some of which experienced impressive growth, well over 400% within a few days. The euphoric move soon faded after that. But that shouldn’t distract investors from the potential held by GameFi.

This article is an easy-to-understand review of Chromia (CHR token). The project witnessed an amazing development during the last couple of years and has many investors wondering is Chromia a good investment.

What is Chromia?

First, let’s go over a quick presentation of this project:

Chromia is a scalable blockchain platform that allows its users to build decentralized apps. The project aims at solving the scalability problem for dApps by successfully implementing both a relational database structure and a blockchain database. Thus, Chromia is an independent Layer One, but it can also play the role of a Layer Two to Ethereum to help achieve faster development time and cheaper and faster transactions.

The project was able to attract investors’ attention thanks to its focus on crypto gaming and NFTs.

The team behind Chromia

ChromaWay, the company behind Chromia, is a blockchain technology company. It has served customers in conventional industries such as finance and land registry. Chromia’s current concentration on gaming fits in nicely with this, as gaming is a fast-growing business that embraces cutting-edge technology and innovation.

Chromia: A Relational blockchain

Most popular genres are now out of reach owing to technological restrictions in terms of games (beyond a few NFTs) operating on most blockchains. While the blockchain isn’t designed to run first-person shooters, there are plenty of other games where a little latency isn’t an issue.

Chromia is integrating the power of a relational database with blockchain to simplify building decentralized apps.

Chromia is especially well designed for making games. It’s suited for building apps that need high I/O (input/output) capacity or involve the administration of large data collections, such as MMOGs (Massively Multiplayer Online Games). Furthermore, Chromia’s technology can host whole gaming worlds on the blockchain, ensuring that they grow according to established rules and that no one can cheat. Immutable qualities, such as NFTs, are not limited to game assets. Even the way these objects function in the game can only be modified with the validating parties’ specific approval.

Chromia’s crypto gaming features

Chromia partners and ecosystem

Before answering the question “is Chromia a good investment?”, let us first review its partners and ecosystem.

Chromia’s Partnership with Workinman Interactive

Chromia collaborated with Workinman Interactive to start its own studio, Chromia Studios, in August 2019. Workinman Interactive is a multi-award-winning cross-platform gaming studio headquartered in the United States that has worked with clients such as Disney, Atari, Marvel, NBC Universal, Nickelodeon, and Nintendo. This collaboration effort gave birth to invaluable game development knowledge and expertise.

As a result of the collaboration between Chromia Workinman Interactive, one of the main games created is Mines of Dalarnia, a Play-to-Earn Action-adventure Mining Game. The debut release is now under beta testing and may be downloaded for free. Mines of Dalarnia’s token is DAR and was released through Binance Launchpad as well.

KRYSTOPIA: Nova’s Journey is another example. This one is a puzzle game also connected to Mines of Dalarnia.

Chromia has also released the following crypto gaming and NFT projects:

Chain of Alliance and Chromia

 Chain of Alliance is an auto battler game running exclusively on the Chromia Blockchain.

My Neighbour Alice and Chromia

Currently ranked as one of the best gaming platforms on the Crypto Metaverse scene, My Neighbor Alice uses the Chromia network as part of its backend design. This allows other supported titles to share assets across game worlds.

For those of you who aren’t familiar with the game, My Neighbour Alice is a multiplayer blockchain builder game, where users can build their own virtual islands, interact with other players, achieve thrilling daily activities, and gain rewards. My Neighbour Alice was developed by Antler Interactive – (a publisher acquired by Chromia) and is scheduled for a release on Steam in Spring 2022. The game allows players to buy and own virtual lands called “Plots” as well as collect and build their own items.

Chromia’s Partnership with Revolve Games

Chromia also extends into DeFi, thanks to a partnership with Revolve Games.

Revolve Games is a platform that offers brand new ways in terms of Staking, with dynamic staking rewards, tethered NFTs Staking, and a whole new kind of Metaverse game that promises more Play-to-Earn opportunities along with rich content that suits any audience.

Antler Interactive acquired by Chromia

Chromia also acquired Antler Interactive in December 2019 as part of its strategy to extend its gaming footprint. SVRVIVE: The Deus Helix, produced by Antler Interactive, formerly known as SVRVIVE Studios, is one of the best-selling virtual reality games.

Antler Interactive has been at the forefront of gaming for emerging technologies such as blockchain and augmented reality (AR) for years. Antler’s first AR game with blockchain integration, Krystal Kart AR, was published in January 2019. The puzzle-adventure games Krystopia: A Puzzle Journey and Krystopia: Nova’s Journey were both released recently and garnered positive reviews.

Is Chromia a scam?

Given all Chromia’s partnerships and acquired projects, and games built on top of it, we can rule out the possibility of Chromia being a scam or some sort of cheap rug pull. This blockchain project is supported by an ever-growing community, and a solid, experienced, and active team.

Staking in Chromia

Chromia offers its users the possibility to stake (freeze) CHR tokens for at least 2 weeks to gain rewards from programs that require staking. The longer a token is staked, the longer you won’t be able to sell them even if the price dumps or pumps and the bigger the staking reward is.

Note that before any withdrawal can be made, a withdrawal request must be received at least 2 weeks in advance.

Staked tokens presently earn a 25% APR governance incentive. A rate that may fluctuate in the future.

Chromia Roadmap

Containerized resource management for dApps and Ethereum L2 base subsystem are the next two phases of Chromia’s roadmap. According to their official roadmap, these steps are already in progress alongside other steps, click here for the full roadmap.

Is Chromia a good investment?

After going through all information made public by Chromia, its partners, and the ecosystem it successfully built around itself within the last few years, we wouldn’t be the only ones describing Chromia as “a Crypto Gaming long-term investment that makes total sense”.

With this being said, the project knew many changes over the last couple of years, ranking always higher in terms of popularity when it comes to GameFi, and the Metaverse Gaming industry generally speaking. Furthermore, their development team is one of the most active and experienced, continuously improving and offering new gaming gadgets and concepts.

For all these reasons, we consider that holding a position in the CHR token makes sense long-term for those of us who can weather the risks short term.

Chromia price prediction in 2022

With a relatively low market cap (around $314M at the time of writing this article), we do believe that CHR could be conceived as ‘undervalued’ making Chromia a good investment in 2022. Furthermore, Chromia’s projects are worth looking into and they can also be found on a myriad of well-known platforms.

Experts predict two major price targets for the CHR token which are: $3 and $5, the latter being the most optimistic! So, on the conservative side, we believe that $3 is a very realistic price target for investors given the seriousness of these projects and partnerships.

Visit our website to learn more about other interesting projects like Illuvium and The Sandbox.

Where can I buy CHR tokens?

In your opinion, is Chromia a good investment? If you also believe that the answer to this question is YES, then you would be happy to know that CHR token is currently trading and can be easily bought on more than 27 different exchanges. Here are the major exchanges from which you can buy CHR tokens: