Playtness

Company Overview

Snapshot

Founded in November 2015 by Idan Glikman, Niv Amar, and Ido Orenshtein, Playtness operates with 1–10 employees. The company ceased operations in April 2019.

Business overview

Playtness develops virtual reality (VR) fitness software designed to enhance user performance on existing gym machines through immersive VR sessions. The platform gamifies fitness by creating an ecosystem with built-in reward mechanisms, enabling the fitness industry to interact and transact with users through PT tokens. Playtness operates in the Software Applications sector, targeting consumers in the recreational and lifestyle, and fitness and sports markets with its VR and mobile technology solutions.

Strategic signal

In May 2018, Playtness was featured for its innovative approach to rewarding fitness activities with cryptocurrency. This highlighted the company's strategy to integrate blockchain technology and gamification into the fitness industry, aiming to incentivize user engagement and create a new economic model for health and wellness.

Company Intelligence Q&A

What is Playtness's primary offering?

Playtness provides virtual reality (VR) fitness software that integrates with existing gym machines, offering VR sessions to improve user performance and gamify the fitness experience.

When was Playtness founded and by whom?

Playtness was founded in November 2015 by Idan Glikman, Niv Amar, and Ido Orenshtein.

What is the status of Playtness?

Playtness ceased to operate in April 2019.

How does Playtness incentivize users?

Playtness gamifies fitness by creating an ecosystem with built-in reward mechanisms, allowing the fitness industry to interact and transact with users through PT tokens.

What was a notable development for Playtness in 2018?

In May 2018, Playtness was recognized for its use of cryptocurrency to reward fitness activities, showcasing its innovative integration of blockchain technology into the fitness sector.