What is Anichess’s Narrative?
Anichess is a blockchain-based chess game developed by Animoca Brands in collaboration with Chess.com and world chess champion Magnus Carlsen. It merges traditional chess gameplay with fantasy elements, allowing players to use magical spells to influence the game. This creates a strategic layer beyond the classic rules of chess. Built as a Web3 play-and-earn ecosystem, Anichess introduces blockchain technology to gaming, where players can own in-game assets such as NFTs, providing them with advantages during gameplay. The token that powers Anichess facilitates the ownership and trade of these assets, enabling verifiable asset ownership and control. Key features include player-versus-environment (PvE) and upcoming player-versus-player (PvP) modes, where players can solve chess puzzles or engage in competitive matches with added fantasy twists. The game’s relevancy is heightened by its connection to Chess.com and the involvement of Magnus Carlsen, making it attractive to chess enthusiasts and new gamers alike. Anichess aims to redefine chess for the digital age, leveraging blockchain’s transparency and ownership features, and paving the way for future competitive eSports expansion. Its use cases extend beyond entertainment, addressing the issue of asset ownership in gaming by offering players full control over their game-related investments.
Price Analysis and Valuation of Anichess
This fundraising amount is on the modest side when compared to other high-profile blockchain projects. While some competitors might secure significantly larger sums, Anichess’s $3.3 million reflects a focused and strategic approach to capital raising. This amount demonstrates a balance between adequate development funding and avoiding unnecessary financial overexposure, positioning the project as cautious but potentially sustainable.
The valuation of Anichess is currently around $30 million. For a blockchain game combining chess with fantasy elements, this valuation is reflective of its unique offering. However, compared to other projects in the Web3 gaming space, this figure might appear conservative. On one hand, this valuation shows the project's relatively niche market—chess combined with blockchain fantasy elements—but on the other, it shows room for significant upward growth as its niche could tap into a vast audience from Chess.com and Magnus Carlsen’s involvement. However, much of this depends on the market’s reaction and whether the game can gain significant traction among both chess and gaming enthusiasts. It's important to note that this analysis isn't static; a bullish market could drastically shift Anichess's position.
The potential for Anichess's FDV to escalate to $150 million or even $300 million is certainly an optimistic projection. This could happen if the game's narrative—combining traditional chess with blockchain and fantasy gameplay—gains more traction. Such a valuation could spark investor interest, especially if Anichess successfully appeals to eSports and Web3 enthusiasts. The extent to which the gaming community adopts and values these in-game NFTs, along with user engagement, will largely determine whether such FDV estimates become reality.
Disclaimer: Price analysis and valuation are affected by many factors. Theoretical analysis does not mean that the token will definitely reach the envisioned price level. Therefore, the content of this article does not constitute any investment advice. Investors need to do their own research.
