PlayWay S.A. has launched 'Need for a Game Idea,' a blockchain-based platform managed by its subsidiary PWay Sp. z o.o. that decentralizes game development by crowdsourcing concepts in exchange for digital tokens.
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Creators whose concepts are selected receive 100 PWay tokens and a 5% share of future game profits, which are paid out in tokens.
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The platform is self-funded by minority partners rather than through a traditional initial coin offering, with PlayWay S.A. maintaining 97% ownership of the subsidiary.
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A total of 42,111,111 PWay tokens have been minted, with approximately 8% of the supply allocated to the project's originators.
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The business model generates value for token holders by charging developers a 6% fee in fiat currency, which is used to buy back tokens from the market to fund profit-sharing distributions.
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The Polish Financial Supervision Authority (KNF) has confirmed that the platform's operations do not fall under traditional financial market supervision.
Insights
01
PlayWay S.A. has launched 'Need for a Game Idea,' a blockchain-based platform managed by its subsidiary PWay Sp. z o.o. that decentralizes game development by crowdsourcing concepts in exchange for digital tokens.
02
Creators whose concepts are selected receive 100 PWay tokens and a 5% share of future game profits, which are paid out in tokens.
03
The platform is self-funded by minority partners rather than through a traditional initial coin offering, with PlayWay S.A. maintaining 97% ownership of the subsidiary.
04
A total of 42,111,111 PWay tokens have been minted, with approximately 8% of the supply allocated to the project's originators.
05
The business model generates value for token holders by charging developers a 6% fee in fiat currency, which is used to buy back tokens from the market to fund profit-sharing distributions.
06
The Polish Financial Supervision Authority (KNF) has confirmed that the platform's operations do not fall under traditional financial market supervision.