- Taki Games partners with Quickswap, a Polygon DEX, to enhance liquidity and enable smooth transfers of its native TAKI token between Solana and Polygon.
- The move follows Taki Games’ success in attracting one million users to its web3 social product, using Polygon infrastructure.
Mobile gaming network Taki Games is making significant strides in the web3 space, announcing a merger with Unite, expansion onto the Polygon network, and a partnership with Quickswap, a prominent decentralized exchange on Polygon.
The merger with Unite, creators of the renowned web3 and NFT project Kungfuverse, resulted in Weiwei Geng, former CEO of Unite, taking the helm as the new CEO of Taki Games.
In collaboration with Quickswap, Taki Games is tapping into deep liquidity to facilitate seamless transfers of its native TAKI token between Solana and Polygon. This move involves launching a dedicated liquidity pool for Taki’s bridged token and a TAKI/MATIC pool.
The decision to embrace Polygon follows Taki Games’ web3 social product attracting one million users to the network. By leveraging Polygon’s infrastructure, Taki Games aims to power its mobile game portfolio tied to the TAKI currency, contributing to the convergence of web2 and web3 gaming.
As part of the Unite merger, Taki Games invested $2.5 million in fiat and TAKI tokens, acquiring two mobile gaming titles with robust user bases. Notable titles include Bored Button, boasting over five million installs and 200,000 monthly average users (MAUs), and Mom’s Kitchen, downloaded over 150,000 times with more than 8,000 MAUs. Speaking on the development, Taki Games CEO Weiwei Geng said:
“The initial web3 gaming hits demonstrated the huge appetite for games players own. But they’ve also shown what happens when the model cannot sustain the vision as inflation erodes value. Instead, we plan to grow web3 gaming by transforming multi-billion markets into value gamers can own themselves.”
Polygon’s Recent Updates and Key Integrations
Polygon Labs has provided a comprehensive progress update on the development of Polygon zkEVM, signaling the imminent transition to Stage 2 of its Mainnet Beta. Shared through a post on X, the update highlights the innovative features of this technology and outlines the roadmap for the upcoming months.
Polygon zkEVM leverages zk-rollups, a mechanism that enables the processing of multiple transactions off-chain. These transactions are then bundled into a single proof, which is subsequently submitted to the Ethereum mainnet. This approach significantly alleviates congestion on the mainnet, leading to reduced gas fees and expedited transaction confirmations.
Furthermore, Renowned funds including Brevan Howard and Hamilton Lane have partnered with @librecap to harness Polygon CDK for the introduction of Libre. Libre is a specialized Real World Asset (RWA) chain operating within the Polygon ecosystem, designed to serve distinct investors and asset managers looking to access tokenized investment funds.
Furthermore, the Polygon blockchain stays at the center of key issues such as combating deepfake. In a significant move to address challenges related to media authentication, Fox Corporation has publicly launched a beta version of Verify. This open-source protocol is strategically developed on Polygon PoS, aiming to establish a transparent record of the history and origin of recorded media.
Polygon’s native cryptocurrency MATIC is trading 1.20% down at a price of $0.845 with a market cap of $8.040 billion.
Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Credit: Source link
