Blockchain
Skychain to Roll Out Industry-Changing Cloud Gaming Platform
Vancouver, British Columbia–(Newsfile Corp. – March 16, 2021) – Skychain Technologies Inc. (TSXV: SCT) announces that the Company, together with its strategic technology partners, has successfully conducted a PoC (Proof of Concept) testing for an exciting new cloud gaming platform in Vancouver.
The new GPU (Graphics Processing Unit) platform will allow invited users to play AAA video games through their smart phone, pad, or even smart TV or HDTV with a standard OTT* TV box. AAA (Triple-A) is a classification used for games with the highest development budgets and levels of promotion. An AAA title is expected to be a high-quality game and/or among the year’s bestsellers.
“Our new technology will be a game changer,” said Skychain CEO Bill Zhang. “We are removing the barrier of purchasing an expensive gaming station to play AAA games, and the gaming experience is just as good as playing with gaming station at home.”
The Edge cloud gaming project will require development capital of $50 million, provided by Skychain and its partners. Skychain provides IaaS, while three partners will provide a liquid cooling solution, gaming hardware support and user migration into the cloud.
Skychain contributed hardware, software and technical expertise for the PoC, for which it will receive approximately $600,000. Under the partnership agreement, Skychain can be reimbursed for its investment by shares in the partner company. Capital structuring will begin shortly under the partnership.
The cloud gaming platform is built on top of the IAAS (infrastructure as a service) that Skychain provides, together with the industry-leading gaming cloud PAAS (platform as a service) provided by Skychain’s technology partner. The PAAS platform manages gamer interaction, gaming rendering and gaming video streaming. The platform also provides a mobile App which can be installed on smart phones, pads and TV boxes to give gamers a multi-screen experience. The tested games include sports, fighting, and different RPG (role-playing) games. All games have been tested successfully with the platform.
Zhang added: “With the abundant GPU computing power Skychain brings to the Edge right now, and with the success of the Edge cloud gaming platform PoC, not only gamers will benefit from the proliferation of Edge resources and smart devices, but game studios-especially AAA console game studios-will enjoying the exponential increased user base. In addition, the promising XR game and content providers will definitely be enabled by this technology.”
As the next step for the cloud gaming project, Skychain will launch a commercial cloud gaming platform at scale to serve Quebec and the greater Toronto and Vancouver regions in different phases. Skychain expects this rollout will provide a boost to the Canadian innovative digital content industry. The upgrade on its IaaS to meet cloud gaming needs will start in Q3 2021 with estimated cost of $250,000 for hardware and $150,000 for engineering.
* OTT stands for over-the-top, initially named in reference to devices that go “over” a cable box to give the user access to TV content. In OTT channels, content is delivered via an internet connection rather than through a traditional cable/broadcast provider.
About Skychain Technologies
Skychain Technologies is a Vancouver based company providing Blockchain Infrastructure services and power solutions. Our vision is to become a leading player in mining computer hosting by growing from 20 Mw to 100Mw in crypto hosting capacity.
To learn more, visit www.skychaintechnologiesinc.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Bill Zhang
President and CEO
Contact: 604-688-5464
[email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
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In an era defined by rapid innovation and regulatory shifts, today’s blockchain briefing spotlights five pivotal developments: enterprise-grade data integration, municipal crypto pilots, state-level policy hearings, AI-powered token growth, and secure communications on a public ledger. Across these stories, three key trends emerge:
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Enterprise Adoption & Data Integration
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Government Experimentation & Oversight
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AI & Security Innovations in Crypto
Below, we dissect each story’s essence, unpack its broader implications, and offer opinion-driven insight for Web3 stakeholders.
1. Space and Time Joins Forces with Microsoft Fabric
Source: Chainwire / The Defiant
On May 20, 2025, Space and Time Labs (SXT)—a zero-knowledge data platform backed by Microsoft’s M12 Ventures—announced integration of its multichain index (Bitcoin, Sui, Ethereum) into Microsoft Fabric’s OneLake environment. This partnership delivers real-time, verifiable blockchain data directly within Azure, enabling developers and enterprises to build data-driven Web3 and AI applications without custom pipelines.
Opinion: Embedding verifiable on-chain data into mainstream analytics tools marks a watershed moment. As traditional enterprises crave decentralized insights, Fabric’s native access to SXT’s ZK-proven data could accelerate blockchain analytics, foster hybrid cloud-Web3 solutions, and reduce vendor lock-in. Expect more legacy tech giants to pursue similar alliances.
2. New York City Eyes Crypto for Taxes & Records
Source: DL News
Mayor Eric Adams revealed plans to form a Digital Assets Advisory Council to explore crypto-based payments for municipal services, including taxes, birth/death certificates, and land records. While specifics remain under wraps, Adams highlighted zero-knowledge proofs as a privacy-preserving tool for public documentation on distributed ledgers.
Opinion: New York’s initiative signals growing municipal appetite for blockchain beyond investments. By potentially accepting tax payments in crypto and securing vital records on-chain, NYC could pioneer use cases that blend transparency with privacy. However, pilot programs must rigorously address volatility, regulatory compliance, and digital inclusion to avoid disenfranchising underserved communities.
3. Wyoming Committee Explores Blockchain, AI & Right-to-Repair
Source: Wyoming Public Media
During its first interim meeting (May 14–15, Jackson Hole), Wyoming’s Select Committee on Blockchain, Financial Technology and Digital Innovation reviewed the state’s proposed Wyoming Stable Token—tethered 1:1 to USD—and examined AI governance and right-to-repair legislation. The Stable Token Commission anticipates a July 4 alpha launch, while lawmakers debated CBDC distinctions, tokenized real-world assets, and consumer repair rights.
Opinion: Wyoming continues to cement its reputation as a blockchain haven. Explicit carve-outs distinguishing stablecoins from CBDCs, coupled with regulatory sandboxes for AI and repair laws, underscore a holistic approach to innovation. Other states should monitor Wyoming’s alpha testing outcomes to inform balanced policy frameworks that nurture Web3 while safeguarding consumer interests.
4. AI Tokens Surge in Crypto’s New Tango
Source: The Economic Times
Himanshi Lohchab reports that AI-centric utility tokens—built to autonomously execute services like compute renting (Render), predictive analytics (SingularityNET), and data marketplaces (Ocean Protocol)—have seen market caps soar from $2.7 billion to nearly $30 billion within a year. Key players include Near Protocol’s AI modules, ICP, The Graph, and emerging AI agents that generate revenue per usage. Institutional interest from Grayscale, BlackRock, and Fidelity further validates the trend.
Opinion: The AI-blockchain convergence is no fleeting fad. AI tokens promise programmable revenue streams and decentralized toolchains, but they also introduce autonomous risk vectors—buggy smart contracts, accountability gaps, and regulatory ambiguity. Security audits, standardized interoperability protocols, and clear legal frameworks will be crucial to sustain investor confidence.
5. BSV Association Selects Binarii Labs for Secure Communications
Source: CoinGeek (via PRNewswire)
The BSV Association has designated Binarii Labs to implement BinariiDSM, an encrypted file exchange and messaging suite that logs proofs of record on the BSV blockchain. This integration ensures immutable audit trails, data resilience, and end-to-end confidentiality for enterprises seeking verifiable trust without centralized intermediaries.
Opinion: As data privacy regulations tighten globally, blockchain-anchored communication platforms like BinariiDSM offer a compelling alternative to legacy VPNs and secure email. By immutably recording metadata on-chain, organizations can demonstrate compliance, simplify audits, and deter insider threats. Look for BSV’s secure-messaging model to inspire similar offerings on other smart-contract platforms.
Conclusion: Navigating a Dynamic Blockchain Frontier
Today’s stories reaffirm that blockchain is no longer an experimental niche—it’s permeating analytics, public services, legislative agendas, tokenomics, and secure communications. To thrive:
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Forge Strategic Alliances: Enterprises should partner with ZK and data-fabric innovators to embed blockchain insights into their analytics stacks.
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Pilot Pragmatically: Municipalities must balance visionary crypto use cases with compliance, volatility management, and equitable access.
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Craft Balanced Policy: States can emulate Wyoming’s sandbox approach—distinguishing stablecoins from CBDCs, while addressing AI and repair rights.
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Secure the Autonomous Agent Era: As AI tokens multiply, enforce rigorous security audits and interoperability standards.
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Leverage On-Chain Trust: Consider blockchain-anchored communications for immutable audit trails and enhanced data resilience.
By embracing these actions, organizations and policymakers can harness blockchain’s transformative power while mitigating emerging risks.
The post Blocks & Headlines: Today in Blockchain – May 21, 2025 appeared first on News, Events, Advertising Options.
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