blockchainreporter.net
In a groundbreaking move that is set to redefine the landscape of mobile gaming on the Polygon blockchain, Taki Games, the leading mobile casual gaming network, has announced a partnership with Web3 tokenization platform Smart Layer. The collaboration aims to integrate the innovative Executable NFT (xNFT) technology into Taki Games’ player-owned mobile games network, with a particular focus on the distribution of the Pac Cat mini-game.
Pac Cat, inspired by the immensely popular Polygon xNFT collection Smart Cats, will be introduced to players through Taki Games’ flagship app, Bored Button, in January 2024. Bored Button, boasting over 5 million downloads, has become a staple in the mobile gaming community by offering a diverse range of engaging games.
Weiwei Geng, CEO of Taki Games, expressed enthusiasm about the partnership, stating, “We are excited about our partnership with Smart Layer as we expand our gaming network on Polygon. Executable NFTs bring immense potential to what can be achieved on blockchain. Having Smart Layer as a partner opens new horizons for us to build unprecedented experiences for players on Polygon with xNFTs, and we will continue to explore the possibilities together.”
A New Era of Web3 Accessibility
Utilizing the Polygon network and Rally Protocol’s wallet SDK, Taki Games and Smart Layer are set to usher in a new era of Web3 accessibility for gamers while simultaneously revolutionizing the $100 billion mobile gaming industry. The partnership aims to seamlessly integrate core gamer loyalty services with blockchain technology, enhancing the overall gaming experience for users.
Smart Cats, the xNFT collection that serves as the foundation for Pac Cat, showcases Smart Layer’s unique xNFT technology. Each Smart Cat in the collection functions as a stand-alone game inspired by the nostalgic Tamagotchi, allowing users to interact with their digital feline companions through the token interface.
Taki Games is committed to bridging the gap between traditional mobile gaming and Web3 by introducing a loyalty system that rewards gamers for contributing to the growth of the Taki Games network. Through the native TAKI token, users can earn rewards as their gameplay is monetized, effectively creating a player-earned mobile gaming network.
To address concerns related to hyperinflation often associated with Play-to-Earn Web3 titles, Taki Games introduces a novel token economy known as Takinomics. Under this model, the Singapore-based company engages in a buyback and burn mechanism, ensuring a deflationary approach to tokenomics. Takinomics allows Taki Games to incentivize users for generating revenue, establishing a value bridge from the $200 billion annual gaming market to Web3 gaming through the TAKI token.
Rise of xNFTs in Mobile Gaming
Taki Games, the forefront of mobile casual gaming, has garnered over 5 million downloads on mobile platforms, focusing on enabling loyal players to earn an ownership stake in the growth of the network. Smart Layer, known for introducing Executable Tokens and Executable NFTs to the Ethereum Virtual Machine (EVM) with ERC 5169 and TokenScript, recently launched the immensely popular Smart Cats xNFT collection and game, with 930,000 holders, 185,000 players, and almost 2.5 million on-chain transactions in just 45 days.
Matthew Sweezey, Chief Strategy Officer of Smart Token Labs, shared his optimism about the collaboration, stating, “We believe that our partnership with Taki Games will become a pivotal moment in the rise of xNFTs in mobile gaming.’Pac Cat is just the beginning of our collaboration. xNFTs will enhance gaming experiences and pioneer new ways for players to engage with digital assets, bringing unprecedented value and innovation to the gaming community.”
The partnership between Taki Games and Smart Layer marks a watershed moment in the evolution of mobile gaming within the Web3 ecosystem. With its potential to pioneer new ways for players to engage with digital assets, this collaboration stands poised to become a pivotal moment in the ascent of xNFTs within the mobile gaming community.