Giga Watt Partnership Boosts Crowd-Gaming Ecosystem

Located in the State of Washington northeast of Grand Coulee Dam, the nation's largest producer of hydroelectric power, Giga Watt is continuing its steady ascent into one of the top crypto mining operations in the world.

Recently, Giga Watt announced a partnership with the decentralized cloud gaming platform, Playkey . The partnership will employ Giga Watt's powerful computing infrastructure to expand Playkey's cloud gaming ecosystem.

The Playkey model uses both individual miners, including gamers with powerful PCs, and professional mining facilities, such as Giga Watt's, to mine Playkey tokens (PKT). While mining, users help to support Playkey's existing network by contributing to their GPU supercomputer solution.

This partnership comes on the heels of Playkey's launch of a blockchain-powered cloud platform that allows anyone to play an unlimited number of top-rated games from around the world without downloads or installations. Playkey manages this by enabling gamers with powerful PCs to share their GPU power, effectively acting as cloud service providers. This strategy will allow miners to boost their computational potential, affording them the same efficiency as cryptocurrency mining yet with less risk. Gamers can select the best server in the cloud to play their favorite games from any device, and pay for the service by using the PKT token.

The Giga Watt partnership represents a huge step forward in Playkey's ecosystem building process. When the decentralized cloud gaming platform goes live next year, Giga Watt will allow Playkey to support a significant number of simultaneous gamers right from the start.

"Playkey benefits by having a professional mining partner in a key target market," said Egor Gurjev, founder and CEO of Playkey. "The partnership will allow us to scale quickly in the United States while maintaining a high quality of service. As a major player in the mining market, Giga Watt will also help Playkey build connections in the professional mining industry."

Gurjev also recognizes that cloud-based online gaming requires the same high-capacity computing power necessitated by Bitcoin mining, and Giga Watt's state-of-the-art facility makes it a prime partner for Playkey's move to blockchain.

Thanks to this innovative cloud-gaming service, Playkey gamers can play any AAA-level game on any PC, notebook or Mac - even obsolete devices. In other words, as long as their device is capable of displaying YouTube videos, players can use their computers for gaming via Playkey. Thus gamers can cease participating in the never-ending "weapons race" of regular and costly hardware upgrades.

"Today, 70 percent of Steam players are unable to play AAA titles such as Grand Theft Auto V in high resolution, while 30 percent of players cannot even run these titles on their legacy PCs," said Gurjev. "Our mission at Playkey has been to solve this problem; and now by combining our current technological achievements with blockchain technology we can provide top level service all over the world."

Gurjev believes the most complicated aspect in building a cloud-gaming ecosystem is during the initiation period, when there is a scaling risk that there could be more players than current miners can maintain. For Playkey, Giga Watt mitigates this possibility. "Their huge processing powers will cover this risk providing enough space and power for everyone to play," said Gurjev.

The partnership is best characterized as strategic for both sides. Playkey and Giga Watt can provide each other with reciprocal business. Playkey uses more of Giga Watt's power than ordinary private miners and, in turn, Giga Watt will provide a lot more mining power than Playkey's private PC users.

The greatest hope for this partnership is that it will enable both technology companies to scale effectively with less risk. "We hope Giga Watt will provide us strong support during the first 12 months of Playkey platform growth in order to reach our goal of 1 million players in our decentralized cloud," said Gurjev. "After that, in the following 24 months, we're going to make a leap to 10 million players. When we reach those gaming audience levels, Playkey and Giga Watt hold dominant positions as game delivery and mining platforms."

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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