Following the unveiling of a social application on Solana, Taki Games and Unite have merged. Besides, a new CEO and Polygon mobile games are being unveiled.
Taki started life with a crypto-enhanced social application developed on Solana. However, after merging with a Web3 studio and acquiring established mobile games, the revamped Taki Games has disclosed its intentions to unveil a play-to-earn experience developed on Polygon.
Taki Games Acquires Unite Platform
Recently, Taki Games concluded a merger with Unite, the blockchain studio backing the Kungfuverse non fungible token (NFT) project. Further, Weiwei Geng, ex-Unite’s chief executive officer, has been named the CEO as the company unveils projects on Polygon, an Ethereum scaling platform.
Weiwei co-founded Rally Network and was a leader at esports team Gen.G and Kabam, a famous mobile game creator. At Kabam, he supervised the unveiling of famous mobile titles in ‘The Hobbit and ‘Kingdoms of Camelot franchises.
Besides the merger and appointment of the chief executive officer, Taki Games acquired Mom’s Kitchen and Bored Button. For Bored Button, it claimed around 5 million installs.
Bored Button refers to a group of quick-hit games created by Gabble Studios. Taki Games acquired over 150000 downloads from Magic Game Studio for Mom’s Kitchen, a cooking game.
Taki Unveils Features of New Mobile Game
Taki claims it used $2.5M TAKI tokens and cash between the merger and acquisitions. Further, Taki Games will unveil its native TAKI token on Polygon and use play-to-earn games to honor players with the token.
The firm bills ’Takinomics’ its deflationary token rewards framework that involves purchasing back from the market and burning as many tokens as awarded to players. This is aimed at slowly reducing the circulating supply.
The surge in play-to-earn games happened in 2021 with Axie Infinity’s rise, encouraging several other games that tried incentivizing gameplay using token rewards. Axie’s economy experienced challenges after numerous months of buzz, and its framework’s momentum reduced.
However, another bloom in the crypto market has made some developers reconsider the approach and offer a fresh start.
Developers Leverage Crypto to Create Impressive Experiences in Gaming
In a statement, Geng noted that the earlier Web3 gaming blockbusters revealed the significant demand for a game owned by players. Additionally, they showed what takes place following the business model’s failure to match the vision.
Taki aims to develop Web3 gaming by converting multibillion-dollar markets into value gamers can keep. Geng also said that tokens will be earned via gameplay.
He noted that all ad incomes seen from in-game ads are brought on-chain and offered to players as prizes for clearing content. According to a Taki spokesperson, Taki’s implementation across the firm’s 11 mobile games is already underway. Soon, it is going to be featured in all.
Despite Taki’s focus shifting towards gaming, its support for the TAKI token Solana will continue. It also aims to finally develop across additional chains, all backed by a similar kind of purchase-and-burn framework.
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