There are 2.2 billion active gamers in the world. Thats according to a 2017 study by Newzoo’s Global Games Market Report. Of these about one billion spend money while playing games.
The gaming market is expanding as more people play games and those that do play tend to play for longer. The reason for this is that games are no longer cater to a very narrow demographic. There are games for a wide variety of interest. There are also games for both hardcore and casual gamers.
One of the biggest challenges facing this rapidly growing market is hardware. Simply put growing hardware requirements have excluded a large number of people from playing the latest games.
The answer to this is cloud gaming. Cloud gaming enables people to access their favourite games no matter what hardware they are using and with any device that can connect to the internet.
As more gamers shift to cloud gaming a second challenge presents itself. How to provide the GPUs required for cloud gaming at scale and at a price point which is affordable for gamers.
Playkey solution is a decentralised platform using blockchain technology. This would connect players with miners who provide the GPUs needed for this platform to function.
How The PKT Token Fits In
Integral to this system would be a cryptographic token called PKT. The PKT would be used by gamers to pay the miners for their services. A portion of this payment would be sent to the Playkey Foundation. The foundation would invest these funds in the development of the network.
Playstation will provided predesigned smart contracts for players to buy computing power from the miners. Players will be able to choose from a set amount of game time and quality.
Benefits For Miners
Miners will enjoy a number of benefits from participating in the Playkey network. Playkey estimate that providing computing power for the network will be two to three times more efficient than participating in cryptocurrency mining. Playkey also suggest that it will provide a more stable and reliable source of revenue compared to cryptocurrency mining. The returns from supplying computing for the Playkey network should be more predictable than cryptocurrency mining. This because the miners are providing an intrinsically valuable service. Playkey sees a real opportunity for miners who have invested in GPUs but can no longer use them effectively due to increased competition within the cryptocurrency mining industry.
Benefits For Gamers
Gamers will be able to play AAA titles even when using old or obsolete hardware. The minimum requirements for hardware would by a CPU >= 1.5 GHz. The would be able to play these games anywhere and on any device. Through the Playkey network gamers could use a tablet, smartTV or laptop to play their favourite games. These would all be instantly available and have a very high level of picture quality with low latency. Using Playkey would be up to four times less expensive than purchasing an equivalent gaming PC using a pay monthly scheme.