ICORating, one of the leading blockchain startup rating agencies, has termed PlayKey’s decentralized cloud gaming platform as “Stable+” from the point of view of investing.
In their report, ICORating representatives noted that PlayKey’s tokens are ideal for medium term investments, thanks to their healthy hype and low risk status. They justified their reason for rewarding a favorable rating to PlayKey by stating,
“PlayKey already functioned for 2.5 years, so the team has enough experience. It should be noted that the team members have been working together for a long time, which we also highlight as one of the strengths of the project.”
The rating agency also noted that PlayKey will be working in a highly competitive environment, and would need quick reactions to new products from competitors, and almost instantaneous adjustment to customers’ desires. They termed competition as the only risk factor for PlayKey.
PlayKey Proves Competitive Advantage
PlayKey has differentiated itself from other decentralized gaming platforms, stating that they already have an infrastructure at place to meet their goals quickly. The platform cited its 100 NVIDIA-based servers that are serving over 2.5 million gamers globally as a strategic advantage over its competition. It also coupled the claim by proving strategic partnerships with some of the biggest names in the gaming sector, Ubisoft, Bethesda, and Wargaming being some of them.
“Remember, the Playkey technology will allow advanced games to be run from weak and outdated computers or laptops,” the company stated while explaining the longevity of its business model. “After the ICO the Playkey operating model changes and switches to a P2P-format where any owner of a powerful PC can offer his “hardware” in a lease with gamers that have weak computers.”
The ICO of PlayKey’s PKT tokens is already live.
Overall, a favorable rating from a reputed agency like ICORating (which has been noted by Forbes and TechCrunch for its comprehensive analytical approach), certainly creates a positive buzz for PlayKey.