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 using PT tokens. Playtness builds training programs and supports users training independently or with trainers, primarily serving consumers in the fitness and sports sectors.

Strategic signal

In May 2018, Playtness was noted for its innovative approach to fitness by integrating cryptocurrency rewards. This initiative highlighted the company's strategy to gamify fitness and incentivize user engagement through blockchain technology, signaling a forward-thinking approach to user retention and market differentiation within the fitness and virtual reality sectors.

Company Intelligence Q&A

What is Playtness's primary focus?

Playtness focuses on developing virtual reality (VR) fitness software that integrates with existing gym machines to enhance user performance through VR sessions. The platform also incorporates gamification and cryptocurrency rewards.

When was Playtness founded and by whom?

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

What was a notable development for Playtness in 2018?

In May 2018, Playtness was recognized for its innovative use of cryptocurrency to reward fitness activities, aiming to incentivize user engagement within its platform.

What is the operational status of Playtness?

Playtness ceased to operate in April 2019.

How does Playtness utilize blockchain technology?

Playtness aimed to create an ecosystem for its members powered by smart contracts, using PT tokens as a reward mechanism to incentivize users within the fitness industry.