Home

News

PlayFi Sees Over 70K Testnet Transactions in One Week

News

PlayFi Sees Over 70K Testnet Transactions in One Week

PlayFi hits over 70,000 transactions on its testnet in just one week. Explore key features, partnerships, and future plans in web3 gaming.

By Eliza Crichton-Stuart author avatar

By Eliza Crichton-Stuart

Updated September 14th 2024

PlayFi Sees Over 70K Testnet Transactions in One Week

PlayFi, an AI-powered blockchain network focused on the live content industry, recently announced the early launch of its Genesis Node Sale. This decision came after the company’s testnet recorded over 70,000 transactions in just one week. The Genesis Node Sale, originally planned for later in 2024, was fast-tracked due to this high level of activity, marking a significant milestone in the company’s development.

What is PlayFi?

PlayFi’s platform aims to bridge the gap between live content and blockchain by enabling creators and studios to integrate web3 features seamlessly. This technology is designed to apply blockchain primitives to various forms of live content, such as games, streams, and sports. PlayFi’s proprietary AI models are at the heart of this system, processing real-time content data, validating it for authenticity, and storing it on a decentralized network.

PlayFi Sees Over 70K Testnet Transactions in One Week

More About PlayFi

Key Features of the Genesis Node Sale

The Genesis Node Sale offered significant advantages to early participants. Each node license was priced at $400, which is 20% lower than the price of the public sale planned for later in the year. Additionally, all Genesis node operators were rewarded with $PLAY tokens equivalent to their investment. Further incentives included a guaranteed airdrop boost of 2,500 points, which could be tripled by joining PlayFi’s Discord community.

The sale also introduced PlayFi's modular node system, which played a crucial role in supporting its protocol. Each node contained four key modules—Artificial Intelligence, Coordination, Zero Knowledge, and Storage—allowing operators to customize their functions and maximize their earnings. These modular nodes handle advanced AI processing, data coordination, and decentralized storage, among other tasks.

PlayFi Sees Over 70K Testnet Transactions in One Week

The Genesis Node Sale Sold Out in 24 Hours

Strategic Partnerships and Collaborations

PlayFi’s development is bolstered by partnerships with several major players in the web3 space, including Aethir, MultiversX, Squid, and Matter Labs. These collaborations are designed to improve the gaming ecosystem by integrating advanced technology solutions.

  • Aethir: This partnership focuses on optimizing GPU cloud computing resources to bring mass-market gaming to blockchain infrastructure. Aethir's decentralized cloud infrastructure is key in supporting PlayFi’s network and enhancing user experience.
  • MultiversX: PlayFi's collaboration with MultiversX enables secure data storage for blockchain-powered games. By leveraging PlayFi’s PlayBase network, MultiversX users benefit from enhanced data security and seamless integration into their ecosystem.
  • Squid: The integration of Squid’s API and SDK allows for cross-chain token swaps, making in-game rewards transferable across different games and blockchain, such as Ethereum, zkSync, and Polygon.
  • Matter Labs: Through the integration of Matter Labs' ZK Stack, PlayFi benefits from lower transaction costs and faster throughput. This partnership enhances PlayFi's scalability and accessibility by allowing transactions without the need for a crypto wallet, making it easier for a wider audience to engage with the platform.
PlayFi Sees Over 70K Testnet Transactions in One Week

PlayFi Launch Partners

Tripple A Team

A six-time startup founder leads the PlayFi team and includes experts with experience at Activision Blizzard, BumbleBear Games, Meta (Facebook), and BattleFly Game. As PlayFi continues to expand, its mission is to transform the way live content is consumed and interacted with. According to Ben Beath, founder of PlayFi:

“Over 50% of global internet traffic is people watching and playing content. At PlayFi, we’re on a mission to empower creators and users through partnerships with industry leaders while rewarding our early supporters.”

PlayFi Sees Over 70K Testnet Transactions in One Week

PlayFi Team

Beath emphasizes that one of PlayFi’s key priorities is ensuring that users feel safe and confident in supporting the network. By rewarding early adopters and continuously enhancing the platform through strategic partnerships, PlayFi aims to create a decentralized, sustainable, and rewarding network for years to come.

The modular node structure, along with the allocation of 20% of the total $PLAY token supply for node operator rewards, provides long-term incentives for users to engage with the platform. With these developments, PlayFi is positioning itself as a leading force in the intersection of web3, AI, and live content, promoting a future where content becomes more interactive and interoperable with blockchain technologies.

PlayFi Sees Over 70K Testnet Transactions in One Week

The PlayFi Protocol Explained: Build, Earn, Analyze

Final Thoughts

PlayFi’s platform is designed to enhance the gaming experience by integrating blockchain technology into existing gaming infrastructure. Through its PlayChain technology and the AI-powered PlayBase network, the company provides scalable and secure zkEVM blockchain solutions, tailored specifically for the gaming industry.

In collaboration with partners like Aethir, MultiversX, and Matter Labs, PlayFi is improving cross-chain interactions, data security, and accessibility for developers and gamers alike. These advancements highlight PlayFi's dedication to pushing the boundaries of how games are played, developed, and monetized.

With its successful Genesis Node Sale, a growing list of partnerships, and its modular node network, PlayFi is well-positioned to drive meaningful change in the gaming industry. By combining advanced AI and blockchain solutions, PlayFi continues to solidify its reputation as a key player in the rapidly evolving web3 gaming landscape. More information is available here.


Press Release

updated:

September 14th 2024

posted:

September 13th 2024

Related Games

Leaderboard

View All

Streaming