Taki Games, a social gaming network where players can earn real cash rewards, is joining forces with Two3 Labs, a cross-chain Web3 entertainment studio. The partnership will see the development of a mobile game based on the popular, community-focused Smoofs NFT collection. Progress on the Puzzle Smoofs game is moving quickly, with the team targeting a March 2024 launch on the Taki Games Network.
The growing popularity of Smoofs in Web3
The Smoofs NFT collection launched on the Polygon blockchain in December 2023 and has quickly risen to fame, characterized by its vibrant community and substantial trading volume. The upcoming Puzzle Smoofs game hopes to increase the usability and appeal of the collection, allowing NFT owners to interact with their digital assets in unique ways.
Furthermore, since its launch, the project has attracted one of Polygon’s most dynamic communities, reaching a trading volume of over $300,000. This was driven by strong interest in the MOOVE token, which is crucial to the Two3 Labs ecosystem.
Sorin Diaconu, co-founder of Two3 Labs, shared: “This partnership with Taki Games and Two3 Labs is an important milestone for us as it blends the boundaries between NFTs and gaming and offers mainstream gamers an innovative way to engage with our brand and community to get in touch. We are excited to see how this game will bring the Smoofsverse and Web3 culture to a mainstream gaming audience with Taki Games.”
The addition of Puzzle Smoofs to the Taki Network, which hosts Web3-branded titles like Game7 Food Fighter and Pac-Cats, is another example of Taki Games’ commitment to bringing mobile gaming to the Web3 sphere. This alliance seeks to leverage the expansive appeal of leading Web3 brands and communities, and increase their global visibility through the universal appeal of gaming.
Addressing Play-to-Earn Challenges
Taki Games hopes to transform mobile gaming by offering tokenized rewards and asset ownership, bringing more value to gamers.
In response to the rapid rise of play-to-earn gaming models such as Axie Infinity, Taki Games is addressing the tokenomics challenges that have hampered the viability of some initial Web3 games. Taki Games’ “Takinomics” is centered around the TAKI token, which aims to turn the $200+ billion market value of the traditional gaming industry into a robust rewards system. This includes a buy-and-burn mechanism aimed at stabilizing token values in the game and ensuring players receive tangible rewards.
After switching to Web3 gaming, Taki Games has experienced over 3,000% growth, placing the company among the top 15 dApps on Polygon by unique active wallets (UAW) and currently ranking it at number 56 across all blockchain networks, as recorded by Dappradar. Moreover, Dune reports that the network has actively bought back and burned more than 1 million TAKI tokens.