How Playkey Can Deliver Gaming At 50% Less Than Competing Options

The price for gamers could soon drop by as much as 50% thanks to a new blockchain startup.

Whats more gamers may soon be able to enjoy the experience of playing AAA titles no matter where they are in the world and on any device.

This cloud gaming experience would be delivered over the internet using decentralised network built on the blockchain.

Enter Playkey

Playkey In A Nutshell

Playkey is a cloud gaming platform built on the blockchain. The blockchain is the same technology which powers popular cryptocurrencies like Bitcoin, Dash or Litecoin.

In the case of Playkey the blockchain that it is built on is Ethereum. One of the big benefits of Ethereum is that enables the use of smart contracts. Smart contracts are self executing contracts where the terms of the buyers and seller are directly written into the lines of code.

The Playkey network will connect gamers with miners. Miners will supply GPU powered resources with powerful CPU and RAM that can virtualise video games high resolution and with high number of frames per second.

In exchange for virtualising games they will be rewarded with Playkey tokens called PKT. PKT will be able to be exchanged for other cryptocurrencies and fiat through crytpocurrency exchanges and so will have actual monetary value.

Smart Contracts will make the process of purchasing this gaming time seamless. These preset contracts will allow gamers to select the amount of gaming time that they want to purchase and the quality of the gaming experience. Then when the execute the order the PKT tokens will go to the miner who is providing that computing power.

For the miners this could be an extremely profitable alternative to traditional mining. It’s estimated that by providing their computing power to Playkey they could earn between two and three times as much as they would if they were engaging in traditional cryptocurrency mining.

There is a good reason for this too. The requirements for cloud gaming mining are less intense than those for popular cryptocurrencies like Bitcoin. In addition this new field is also less competitive. Finally, providing cloud gaming mining has inherent value.

The shift of computing power from cryptocurrency mining to cloud mining could help the cloud gaming industry to grow. With lower prices gamers will now be able to enjoy their games for longer. In addition the hardware requirements for gaming will become extremely low. Obsolete and old hardware will now be usable for gaming. This could increase the size of the gaming market.

Growing The Playkey Network

Playkey have further plans to grow the scope and size of their network. Playkey intends to enable the crowd selling and publishing of games within their ecosystem. They will also support indie developers through funding from their Playkey Foundation. Another big opportunity is E-sports and live streams. Playkey intends to develop cyber sport initiatives and cyber game competitions. They will include a “Stream Now” function in order to motivate gamers to to stream directly from the cloud.

Conclusion

Overall Playkey has a vision where the future of gaming is in the cloud and decentralised. If this future is realised it should be good news for both gamers and miners alike.

Further Reading

Webiste: https://playkey.io/en/?tokenSales=true

Whitepaper: https://cdn.playkey.net/img/playkeynet/ico/Whitepaper.pdf

Team: https://playkey.io/en/#team