Playkey: A Blockchain-based Cloud Gaming Platform
Cryptonomos is a solution provider for blockchain-based crowdsales that is now launching an ICO for a new cryptocurrency project which is striving to be the future of gaming.
Playkey.io presents a unique approach to virtualization and cloud gaming with payment tiers determining stream quality, and the ability to play games either by purchasing them from Playkey or making use of your own Steam game library.
Playkey is offering a new method of playing games without the need for costly minimum hardware requirements, with a streaming service that enables games to be played via the cloud. Playkey’s goal is to provide gamers with a reasonably-priced opportunity to play top-rated games anytime, anywhere, using any device connected to the Internet, without having to purchase a Gaming PC or console.
The Future of Gaming
The development of GPUs, the Internet, and low-latency streaming have diminished the demand for personal gaming hardware. In fact, it has done so that the next generation of consoles might well be the last. The latest statistics indicate that the total migration of gaming to cloud technology has now become inevitable:
- 70 percent of Steam players are unable to play top titles like GTA V in high resolution
- 30 percent of players cannot even run such titles on their obsolete PCs.
The demand for latest-generation hardware and the increased requirements for gaming caused by resource-intensive VR technologies will make home hardware increasingly expensive and non-viable for casual gamers.
Sensing the big changes that lie ahead, and following the trend of video, music and other services, Playkey.io is determined to lead the next gaming revolution by moving gaming into the cloud. This will bring massive benefits for gamers, allowing cheaper access to top-rated games. Given that cloud gaming can deliver 10x cheaper gaming services than owning a personal gaming hardware (such as a PC or console), Playkey.io expects to see an exponential growth in users in the short term by leveraging the principles of the sharing economy.
What is Playkey?
Playkey, a leading cloud gaming provider, is contemplating an ICO with the intent of exponentially accelerating the pace of cloud gaming development through decentralization. The team believes the cloud gaming revolution has only just begun. There remains a few challenges to overcome before this revolution is fully realized. For instance, the complicated process of game streaming software development; the lengthy approval process with game developers and publishers before platforms like Playkey can use their titles; and the high cost of hardware, namely professional GPUs, servers, and data storage equipment. Playkey is set to solve this problems by introducing proven blockchain-based technology.
The company mission is to leverage the cloud gaming revolution by introducing a decentralized ecosystem, with a core platform for miners and gamers based on blockchain technology. This ecosystem provides private/professional GPU owners with a new source of income. GPU owners will share their resources with the network and be compensated for their participation by token-based contributions from gamers.
According to the project’s Whitepaper, Playkey’s mission is to allow all gamers to play any game they wish, on any device connected to the Internet, using a decentralized cloud model. All of this can be achieved by leveraging Playkey’s existing proprietary technology and service business. The company will provide this in a way that is more efficient, more stable, and less risky than crypto-mining, while providing gamers with an affordable way to play games. Ultimately, Playkey plans to create the world’s largest platform and marketplace for all hardware providers, gamers and other participants in the emerging cloud gaming industry.
Playkey has a team of 45 experienced R&D specialists collaborating with leading game publishers including Ubisoft, Bethesda, and Wargaming. Currently, the company counts a network of 120 Nvidia Grid powered servers based in London, Frankfurt, Amsterdam and Moscow, and is backed by a large European VC fund, as well as boasting Deloitte as its legal partner.
PKT is the Playkey cryptocurrency. PKT is the cryptocurrency that will be used to buy and sell cloud gaming subscriptions as well as other Playkey services and future products. It will be the unit of account for all economic transactions within the Playkey Ecosystem and will be used as a basis for interaction with other digital services.
PKT is a fixed-supply cryptocurrency. It is fractionally divisible and long-term non-inflationary. Units of PKT are fungible and transferable, and they are expected to trade on cryptocurrency exchanges. PKT will be implemented on the public Ethereum blockchain in accordance with the ERC20 (Ethereum Token Standard). Any token implemented according to the ERC-20 standard is compatible with the existing infrastructure of the Ethereum ecosystem, which allows for quick and easy implementation. Advanced functions and high activity within the Ethereum ecosystem make it the most suitable for issuing PKT.
The main functionalities of PKT are for transactions between miners and gamers, and for purchasing gaming software.
The Playkey Foundation is a management company within the Playkey Ecosystem. The Playkey Foundation will direct and fund the development of tools that give ecosystem partners the ability to build, grow, and create value for one another.
The Playkey Foundation will be responsible for increasing the platform’s popularity, managing the key rules of the ecosystem, and developing a core strategy. The primary goal of the Foundation is to develop an open gaming ecosystem that users can find value in, and simultaneously supply miners (and other service carriers) with an open and sustainable platform to broaden, deliver, and enhance those services, in addition to attracting users. The Foundation’s responsibilities include managing the Playkey Company and financing it for software development needs.
The PKT issuance and distribution during the ICO is set up with a volume of 100 million PKT tokens to achieve the following goals:
- Integrate blockchain technology into the Playkey gaming service
- Develop a decentralized, resource-sufficient, safe and fast P2P game streaming solution, where miners can provide their powerful resources to the gamers
- Reach 10 million active players in the USA, EMEA, and APAC regions
The ICO will commence on November 1, 2017. For additional information, you can visit the company’s official ICO site, launched in partnership with ICO marketplace Cryptonomos.