Key Takeaways
- YOM is moving from Solana to the peaq blockchain, initiating the transition with a node sale where the community can buy Genesis Node Licenses as NFTs minted on peaq.
- YOM allows gamers to earn cryptocurrency by lending the idle computational power of their gaming rigs to run and stream games, offering a sustainable and cost-effective alternative to traditional data centers.
The video game industry, projected to reach $312 billion in revenue by 2027, is a dominant force in the entertainment sector, surpassing both Hollywood and the music industry. Cloud gaming services, which stream games to various devices without the need for high-end PCs or consoles, represent a promising segment within this industry.
The cloud gaming market is projected to grow at a CAGR of 29.64%, reaching $25.30 billion by 2030. However, this growth depends on costly Web2 data centers, which raise environmental concerns and further strain the GPU market amid increasing demand from the AI industry. Additionally, these data centers are expensive to build and operate, often struggling to deliver content with low latency.
Decentralized cloud gaming network YOM addresses these challenges by eschewing traditional data centers in favor of tapping into the idle power of personal gaming rigs.
YOM’s platform empowers gamers to monetize their advanced gaming rigs by lending their idle computational power to its DePIN. This innovative approach leverages the idle hardware of gamers to run and stream games, rewarding them with cryptocurrency for every hour of gameplay streamed.
This decentralized model not only reduces hosting costs and latency but also promotes sustainability. YOM’s platform supports Unreal Engine 5, a popular choice among both AAA studios and indie developers, making it an attractive option for a wide range of game creators.
YOM has announced its strategic expansion from Solana to peaq, a layer-1 blockchain known for its DePIN (Decentralized Physical Infrastructure Networks) and Machine RWAs (Real World Assets) to leverage its modular DePIN functions. YOM also announced node sale that allows the community to purchase Genesis Node Licenses as NFTs minted on the peaq blockchain.
Leonard Dorlöchter, Co-founder of peaq, points out that the gaming industry is a staple of today’s digital entertainment market.
“Web3 has already tried to take it on with play-to-earn games, but YOM’s approach is a lot more creative — and it truly gives gamers ownership over something they’re so passionate about while earning rewards from their expensive rigs,” Leonard said.
The integration with peaq will kick off with the launch of YOM’s Genesis Series as the first NFT Node Mint on the peaq blockchain.
The node sale marks the first step in YOM’s integration with peaq. Genesis Node Licenses will enable community members to participate in YOM’s DePIN. Detailed information on the sale, including dates and eligibility criteria, is available on YOM’s website. The sale mechanism will be open-sourced, allowing other DePINs on peaq to conduct similar events. Following the sale, YOM plans to explore additional avenues for integration within the peaq ecosystem.
“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,” YOM Chief Experience Officer, Jeff Outlaw, said in a statement.
YOM is the second DePIN to migrate from Solana to peaq ahead of peaq’s mainnet launch, which is anticipated in the coming months. Earlier this year, MapMetrics, another project originally building on Solana, fully migrated to peaq after the initial announcement of a more limited integration. Also in April, dTelecom, originally building on Arbitrum, joined peaq blockchain.
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