New Planet Digital Partners Launches Featuring Rocket Token (RKT) by Top Gaming Executives
Blockchain technology has had an enormous impact in the technology, financial and logistics industry, but the fact is that this tech impacted way more than that and even industries that had a lesser impact so far like the gaming industry are being affected by blockchain.
Now, top former executives from companies like Take 2, Rockstar the Playstation division of Sony announced a new company called Planet Digital Partners Inc.
What does this have to do with the blockchain tech, you ask? This new company will be a video game publisher and it was funded using a Security Token Offering (STO), which is just like an Initial Coin Offering (ICO) but largely more regulated and it understands that the tokens are securities, something that many companies lacked in 2017.
Part of the idea of this company is to democratize game funding and to help in the distribution. The portfolio of the company will have mostly casual games so far like “Cooking Mama”, “Bass Pro The Strike” and Cabela’s “The Hunt”.
According to the official announcement, the leadership of the company is made up of Steve Grossman (CEO), Chris Deering (advisor) and Kelly Sumner (director). Grossman has already worked to publish over 40 games and worked in Nintendo World Championships. Deering is the former president of Sony Playstation Europe. Sumner is the former CEO of Take Two and Rockstar, which made the Grand Theft Auto Series.
The games launched by the company will be available in all major consoles (Playstation 4, Xbox One and Nintendo Switch) and will also be on mobile devices and PC.
Grossman believes that the STO is a more democratic way for investing because it allows the investors to actually profit more than public stocks. He has affirmed that he is thrilled to deliver great new gaming experiences that would not be possible without the use of the blockchain technology.
Also, the game industry is projected to be a $180 billion USD business by 2022, so using a disruptive technology like the blockchain together with games seems like a good way to actually make a profit. However, ICOs were largely a bust, so you should not trust STOs as much since they just changed their names.
About the STO
The STO will sell ERC20 Ethereum-based tokens called Rocket Tokens (RKT). The idea is that these securities will reward the investors according to the sales of the games. Tokens will be tied to the sales, so as more games are released, more money will go to the investors. Each token will be sold by $1 USD during the sale.
RKT tokens were compared to other similar non-blockchain projects like U. S. stocks but they will largely use the blockchain technology.
As always, making such an investment comes with a risk, so be sure to research the company well before you decide whether or not to invest in it.