Taki Games Plans to Launch Play-to-Earn Experiences on Polygon
Taki Games, formerly a crypto-powered social app on Solana, has undergone a merger with Unite and rebranded itself as Taki Games. The company has announced its intention to launch play-to-earn experiences on Polygon, an Ethereum scaling network.
Merger and Acquisition
Taki Games completed a merger with Unite, the blockchain studio behind the Kungfuverse NFT project. Former Unite CEO Weiwei Geng has been appointed as Taki Games’ CEO. Geng has previous experience co-founding Rally Network and holding leadership positions at Gen.G and Kabam.
Acquisitions and Token Launch
In addition to the merger, Taki Games acquired the mobile games Bored Button and Mom’s Kitchen. The company spent $2.5 million in total for the merger and acquisitions. Taki Games will launch its native TAKI token on Polygon and reward players through play-to-earn games.
The Takinomics Model
Taki Games will implement a deflationary token rewards model called “Takinomics.” The company plans to buy back and burn tokens as it rewards them to players in order to gradually reduce the circulating supply. This model aims to create value that gamers can keep for themselves.
The Rise of Play-to-Earn Gaming
Play-to-earn gaming gained popularity in 2021 with games like Axie Infinity. Taki Games aims to tap into this trend by incentivizing gameplay with token rewards. Players will earn tokens through gameplay, including ad revenue brought on-chain and distributed as rewards for clearing content.
Taki’s Future Plans
While Taki Games focuses on gaming, it will continue to support the TAKI token on Solana and plans to expand to other chains. The company aims to build a gaming ecosystem powered by the same buy-and-burn model.
Hot Take: Taki Games Sets Its Sights on Play-to-Earn Gaming
Taki Games, formerly a crypto-powered social app, has rebranded itself and announced plans to launch play-to-earn experiences on Polygon. With a merger, acquisitions, and the introduction of the TAKI token, Taki Games aims to tap into the growing trend of play-to-earn gaming. By implementing the deflationary token rewards model called “Takinomics,” the company seeks to create value for gamers that can be kept for themselves. As play-to-earn gaming gains momentum again, Taki Games hopes to transform multibillion-dollar markets into valuable assets for players.
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