Posted: January 19, 2024 11:04 AM Updated: January 19, 2024 11:04 AM
Correction and fact check date: January 19, 2024, 11:04 AM
briefly
Taki Games, the Web3 mobile casual gaming network, today announced a merger with Unite, the brains behind NFT brand Kungfu Beasts.
Web3 mobile casual gaming network Taki Games today announced a merger with Unite, the brains behind NFT brand Kungfu Beasts.
According to the announcement, the merger is part of Taki Games’ expansion of Polygon blockchain games. In a recent change, Weiwei Geng, former CEO of Unite, has been appointed CEO of Taki Games.
Geng is a veteran of the gaming industry, having previously co-founded Rally Network and held leadership positions at Gen.G and Kabam.
“The early blockbusters of Web3 games demonstrated tremendous demand for games that players can actually own,” said Weiwei Geng, CEO of Taki Games. “They also showed what happens when the business model fails to keep up with the vision and inflation erodes value. Taki’s mission is to grow Web3 gaming by converting a multibillion-dollar market into value that gamers can sustain for themselves.”
Explaining the value added to the gaming experience, Weiwei Geng said: “Users can earn rewards just by playing Taki Games. All advertising revenue seen from in-game advertisements is pulled on-chain and distributed to players as rewards for clearing content.”
Taki Games is known for Solana’s popular Web3 social product, which has attracted 1 million users, and has now expanded its horizons to Polygon. They brought with them a set of mobile games powered by TAKI tokens. Polygon is recognized as the best Layer 2 solution for Web3 game creation thanks to its active user community and low gas fees.
Taki’s strategic move to dominate the gaming market
As part of its migration to Polygon, Taki Games has introduced a new native token, TAKI, and a tokenomics design known as “Takinomics.” This approach promotes deflationary TAKI reward release, breaking away from the hyperinflationary dynamics often associated with “play-to-profit” games like Axie Infinity and The Sandbox.
Each TAKI issued will trigger a corresponding buyback and burn, funded by revenue generated within the game, ultimately reducing the circulating supply.
To strengthen its position in the mobile gaming market, Taki Games invested a total of $2.5 million in fiat and TAKI to acquire two popular mobile titles, Bored Button and Mom’s Kitchen.
Bored Button is Taki Games’ flagship mobile app with over 5 million installs and 200,000 monthly active users. Meanwhile, the cooking game Mom’s Kitchen maintains 150,000 downloads and 10,000 daily active users.
As Taki Games enters this new phase, the industry is watching with anticipation to see how the convergence of talent, technology and strategic vision will shape the future of Web3 games.
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About the author
Kumar is an experienced technology journalist specializing in the dynamic intersection of emerging fields including AI/ML, marketing technology, cryptocurrency, blockchain, and NFTs. With over three years of experience in the industry, Kumar has established a proven track record in crafting compelling narratives, conducting insightful interviews, and providing comprehensive insights. Kumar’s expertise lies in producing impactful content, including articles, reports and research publications for prominent industry platforms. With a unique skill at combining technical knowledge and storytelling, Kumar excels at communicating complex technical concepts in a clear and engaging way to diverse audiences.
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Kumar is an experienced technology journalist specializing in the dynamic intersection of emerging fields including AI/ML, marketing technology, cryptocurrency, blockchain, and NFTs. With over three years of experience in the industry, Kumar has established a proven track record in crafting compelling narratives, conducting insightful interviews, and providing comprehensive insights. Kumar’s expertise lies in producing impactful content, including articles, reports and research publications for prominent industry platforms. With a unique skill at combining technical knowledge and storytelling, Kumar excels at communicating complex technical concepts in a clear and engaging way to diverse audiences.