News

Playkey charges ahead as blockchain takes gaming to the cloud

0 Comments
Gaming will faster and more connected with blockchain
Gaming will be faster and more connected with blockchain

WITH blockchain still very much in high-speed development – it hasn’t even scratched the surface of its capability.

And that applies more than any other to the immensely popular gaming industry.

Now a new wave of gaming focused connectivity is getting set to revolutionise the space as it moves away from traditional hardware to cloud-based ecosystems.

Playkey, a game-virtualization service which provides users around the world with distributed networks of powerful home computers is charging ahead thanks to a successful ICO.

A token success

At the end of last year its PKT token raised $10.5 million, in the form of 23,665 ether and 221 bitcoins, as well as an additional $3.9 million in fiat currency in a pre-sale.

Cloud based systems will accelerate demand
Cloud based systems will accelerate demand

Now the Russian start-up is actively engaging with 2.5m users, has entered into the European and UK market and has an eye on a roll out to the USA later this year.

It is giving speed to PCs that can’t run state-of-the-art games due to a lack of hardware processing power and access to entertainment for millions at a fraction of the price of a full upgrade.

Gaming in the cloud

Playkey games run in the cloud on hardware offered by miners, says Egor Gurjev, the start up’s  CEO who began development in 2013 and launched the gaming service two years later.

He said: “Gaming enthusiasts all over the world are missing out on playing some of the biggest and best gaming titles available, simply due to a lack of the expensive, powerful hardware that is required to run the games sufficiently.

“It is for this purpose that the gaming industry is set to shift to the cloud where processing power can be shared, a step that will drastically change the face of the gaming industry.”

Blockchain Playkey
Blockchain will help make gaming more accessible

Egor contends that Blockchain is an amazing way for owners of high end equipment to ‘rent’ out their servers to individuals whose equipment is lacking, enabling all gamers to play the latest games and ruling out the need to keep up with the ‘console cycle’ that exists currently.

He continued: “Like many industries, the blockchain will put the power back in the hands of the users and enable transparent, safe transactions and communication between gamers without the need for intermediaries.

“Whether it’s the sale of gamer-earned goods or online gaming security, hackers and scams that are relatively common in this space will have a much harder time of things.”

Team work makes the dream work

Playkey runs from 120 Nvidia grid-powered servers which offers anyone with access to the internet the capability of entering a brand new environment that is helping to supercharge the requirement for cryptocurrency.

Egon adds: “Decentralised gaming will soon depend on the exchange and investment of cryptocurrency.

“The Playkey Token will offer future users can expect safe and clear payment processes and crypto transactions are easy-to-monitor even if they are not yours.

“For example one user is perfectly able to view the contents of a crypto wallet by only possessing the wallet address if the transaction was done under the smart-contract of the decentralized cryptoexchange like EtherDelta.

“It is also worth saying that there will be a much heavier impact than we are even able to comprehend or foresee at this point, we’ve yet to unleash the full capabilities of blockchain technology.

“It is not simply the addition of cryptocurrency and the removal of intermediaries.

“It is the introduction of an auditable, verified store of data including players moves within a game, collating every possible measurement of data it can, all in a protected but open ledger.”

Whilst some solutions are closer to completion than others, blockchain is ready and waiting to completely transform the gaming industry, creating a more transparent and effective industry.

“Gamers are such a passionate group of people, who feel strongly about the industry,” added Egor, “A decentralized setup incorporating the many benefits of blockchain will hand the power back into the hands of gamers themselves, creating a democratized platform for all.”

Leave a Reply

avatar
  Subscribe  
Notify of
close-link

Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Each investment is unique and involves unique risks.

CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.

Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Your capital is at risk.

When trading in stocks your capital is at risk.

Past performance is not an indication of future results. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. If you are unsure, seek independent financial, legal, tax and/or accounting advice. This website does not provide investment, financial, legal, tax or accounting advice. Some links are affiliate links. For more information please read our full risk warning and disclaimer.