YOM announced on Tuesday its strategic partnership with Peaq Network, a layer-1 blockchain focusing on the decentralized physical infrastructure network (DePIN).
YOM is centered around cloud gaming and interactive experiences. To broaden its horizons, it plans to utilize Peaq’s blockchain technology.
YOM Leverage Peaq Network’s Infrastructure
As an initial step, YOM will introduce its Genesis Series, launching the first non-fungible token (NFT) Node Mint on the Peaq blockchain. This initiative enhances YOM’s offerings and sets the stage for more integrations and collaborative projects.
Cloud gaming has captured significant interest but faces challenges like high costs, latency issues, and environmental concerns. As a result, YOM’s adoption of DePIN technology seeks to overcome these obstacles. Gamers can lend their idle computational power from their advanced rigs, earning crypto while contributing to a sustainable gaming model.
Read more: What Is DePIN (Decentralized Physical Infrastructure Networks)?
YOM claims that its DePIN technology allows the streaming of high-quality AAA games to any device, breaking the hardware barrier for users. This democratizes gaming access but also offers new distribution channels for game studios, posing a challenge to platforms like PlayStation, Xbox, and Steam.
Jeff Outlaw, CXO at YOM, shared his excitement about the partnership.
“We are working to bring AAA games and immersive experiences to a wider top-of-funnel market as fast as possible, and building with peaq means we can skip a few crucial steps by leveraging its Modular DePIN Functions. All of our focus is now on bringing games to gamers,” Outlaw said.
Financially, YOM’s token price has risen by 10.69% over the past 24 hours, now valued at $0.049. However, the token’s market capitalization stands at just around $6 million. Given this, YOM, like other low-cap altcoins, is subject to significant market volatility, necessitating investor caution.
In parallel, other entities like Aethir are also enhancing the cloud gaming infrastructure through DePIN technology. Aethir’s recent partnership with Beamable aims to optimize cloud gaming resources. This collaboration enhances the Beamable ecosystem and supports the onboarding of gaming projects suited for the Web3 era.
Read more: 7 Best Cloud Gaming Services in 2024
The global gaming market remains a dominant force in entertainment, outpacing music, movies, and television in terms of revenue. With market projections expected to hit $312 billion by 2027, innovations like those from YOM and Aethir are timely.
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