Unlocking a Sustainable Web3 Future: The Takinomics Approach to Blockchain Gaming
The blockchain gaming industry has skyrocketed to new heights over the last 18 months. From NFT gaming to blockchain-first games that provide crypto rewards and even profit-sharing gaming experiences, this industry has never been more active.
Out of the context of this industry-wide expansion, one company has continuously released innovations. Across new titles, fresh technology launches, and exciting integrations, Taki Games remains at the head of the blockchain gaming industry.
Taki Games holds the title of the leading Web3 mobile casual gaming network. Beyond just focusing on one or two titles, Taki has a portfolio of exciting games under its belt, with new acquisitions added to the catalog each month.
Expanding to NFT Games with Smart Cats Partnership
The Play-2-Earn NFT game market is one of the most active segments of the blockchain gaming industry. Especially at the height of NFT popularity, gamers jumped at the opportunity to unlock unique NFTs while playing their favorite games.
These early experiences gave rise to the rapid expansion of the NFT gaming industry. In 2022, the NFT games market was valued at around $3292.7 million. Yet, predictions forecast this figure will more than double to $8856.9 million by 2028.
Entering the NFT gaming market, Taki Games recently announced a partnership with Smart Layer. Together, Smart Layer and Taki Games bring the Pac-Cat NFT game to the NFT market, featuring one of the world’s most recognizable Web 3 brands, Smart Cats.
Users are able to acquire one of the Smart Cats NFTs through Smart Layer’s xNFT (Executable NFT) technology. Across the entire Smart Cats collection, each cat is completely unique, displaying various combinations of attributes and traits. Emulating a Tamagotchi-like gameplay, users will be able to play with their cute feline friends while owning the NFT.
Smart Cats has already hit the ground running, representing over 35% of all transactions on the Polygon network over the past 120 days. Alongside success in the Polygon ecosystem, this partnership has also allowed Smart Cats to become the number one trending NFT collection on OpenSea. Since its conception, OpenSea has been the world’s largest and most active NFT marketplace, with Smart Cats’ success in this arena spelling out great prospects for the launch.
This partnership represents just one of the many ways that Taki Games is expanding and pushing the Web 3 gaming ecosystem further than ever before.
The Launch of a Deflationary Reward System
One of the central problems that has frustrated Web3 blockchain gaming financial ecosystems is hype. New launches rapidly increase the price of their central tokens before crashing and fading into obscurity over the following months. Time and time again, we’ve seen projects that show every sign of success turning into a farm for bots to capture quick rewards.
Aiming to improve the longevity of the Web3 ecosystem, Taki Games set its sights on this problem. Launching Takinomics, a deflationary rewards system, has allowed them to provide their games with an alternative monetization system – one that has the ability to sustain itself for longer periods than other Web 3 games.
In traditional Web3 games – like Axie Infinity – the play-2-earn aspect is attractive to new players, incentivizing a wave of playing. However, as the game becomes more popular, the in-game currency tokens reach hyperinflation. More players pour in, crash the economy, and ruin the financial structure of the game.
Takinomics is designed to prevent inflation by offsetting any in-game rewards with token burning and buybacks. When users receive TAKI for playing one of their games, the network uses that revenue to purchase an equal value of tokens from public DEXs, which are then burned.
This process ensures that players who receive rewards also proportionally decrease the net circulating supply of TAKI. These Takinomics prevent inflation and allow the gaming network to develop sustainable Web 3 gaming economics.
Taki is currently available on various exchanges, including the Cube Exchange. One of the earliest strategies to boost the liquidity of the native token for Taki and secure the success of this system was to partner with Flowdesk.
Flowdesk is a market leader in the blockchain industry, providing service infrastructure for exchanges, digital institutions, and token issues. By offering low-latency trading infrastructure, Flowdesk helps to leverage capital and maintain liquidity, all while excelling in transparency and control over a token.
As the demand for TAKI has increased, hitting over $13 million in January, this strategic partnership helps to sustain Takinomics in a safe and precise way.
Development that Springs for Mergers
Years ago, long before its first game hit the market, Taki was a social app built on the Solana ecosystem. After an initial merger with a Web 3 studio, it began to acquire established mobile games, rebranding to Taki Games and beginning to launch P-2-E experiences on Polygon.
Since then, Taki Games has completed another vital merger with Unite – a blockchain studio that was famous for the Kungfuverse NFT project. The CEO of Unite, Weiwei Geng, stepped up as the head of Taki Games, known for his strategic positioning.
Alongside internal changes and shifts, Taki Games also acquired several large-scale titles following this merger. Games like Mom’s Kitchen and Bored Button have millions of installs between them. These games also boast several hundred thousand monthly active users, helping to bring people from all across the globe on-chain.
By strategically merging with companies and acquiring heavy-hitter game titles, Taki Games is positioning itself for a bright future in the blockchain industry.
As Web3 gaming continues to grow, morph, and adapt, we’re likely going to see Taki Games at the forefront of innovation and progress.