Taki Games Embraces Polygon for Play-to-Earn Mobile Gaming Expansion

Taki Games, initially a crypto-powered social app developer on Solana, is making significant strides in the mobile gaming industry by merging with a Web3 studio and acquiring popular games. This strategic shift is highlighted by their transition to Polygon, an Ethereum scaling network, to launch their play-to-earn gaming experiences.

Merger, Acquisitions, and Leadership Transition:

Taki Games recently merged with Unite, known for the Kungfuverse NFT project, and appointed Weiwei Geng, former Unite CEO, as its new leader. Geng brings a wealth of experience from his tenure at Rally Network, esports team Gen.G, and mobile game developer Kabam. In addition, Taki Games acquired the mobile games Bored Button and Mom’s Kitchen, expanding its portfolio and user base.

The company invested $2.5 million, combining money and TAKI tokens, in these strategic moves. Taki Games plans to launch its native TAKI token on Polygon, rewarding players through their play-to-earn model. This model, termed “Takinomics,” involves a deflationary approach by buying back and burning tokens, balancing rewards with the reduction of circulating supply.

Inspired by the initial success of Axie Infinity, Taki Games aims to revitalize the play-to-earn model, learning from past challenges in the industry. CEO Weiwei Geng emphasizes the importance of sustainable business models that align with gamers’ interests, ensuring value retention and growth in Web3 gaming.

Players will earn TAKI tokens by engaging with in-game ads, with the revenue generated being distributed as rewards for content completion. This approach aims to create a fair and rewarding gaming ecosystem, encouraging player engagement and investment in the gaming platform.

While focusing on gaming, Taki Games will continue supporting the TAKI token on Solana and plans to expand across multiple blockchain networks. The company’s strategy involves utilizing the same buy-and-burn model across these platforms, ensuring a consistent approach to tokenomics.

Taki Games’ transition to Polygon for its play-to-earn mobile gaming venture represents a significant evolution in the company’s strategy. By leveraging its expertise in blockchain technology and gaming, Taki Games is set to make a notable impact in the Web3 gaming sector, offering players an engaging and rewarding experience while fostering the growth and sustainability of the play-to-earn model.