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Produced by Daniel Aharonoff & Mogul Media AI

Sui Blockchain Wins Top Honor at Eurasia Awards

Sui's Historic Triumph at the Eurasia Awards: A Testament to Unprecedented Growth In a landscape teeming with innovation and competition, the recognition of Sui as the Blockchain of the Year at the Eurasia Awards stands as a remarkable achievement, underscoring the explosive growth of this layer 1 blockchain. The event, part of the second edition of AIBC Eurasia held in Dubai, celebrated not just the winners but also the evolving narrative of blockchain technology within the global economy. The Rise of Sui Since its mainnet launch in 2023, Sui has not only gained traction but has also redefined expectations within the blockchain ecosystem. The awards ceremony, held on February 25, showcased the Sui Foundation's accomplishments, placing it among industry giants like Animoca Brands and Crypto.com. This accolade is indicative of the rapid advancements Sui has made in a short span of time. Key Highlights of Sui's Growth Total Value Locked (TVL) : Surpassing $600 mil
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Produced by Daniel Aharonoff & Mogul Media AI

Unite and Taki Games Merge to Revolutionize Web3 Gaming under CEO Weiwei Geng

Taki Games recently finalized a merger with Unite, the blockchain studio renowned for the Kungfuverse NFT project, appointing former Unite CEO Weiwei Geng as its own CEO. The company is set to embark on projects on Polygon, an Ethereum scaling network. Geng's impressive background includes co-founding Rally Network and holding leadership roles at Gen G esports team and Kabam, a prominent mobile game developer responsible for successful titles in the Kingdoms of Camelot and The Hobbit franchises. Taki Games also made significant acquisitions, obtaining the mobile games Bored Button and Mom's Kitchen, boasting 5 million installs and over 150,000 downloads, respectively. The company invested a total of $2.5 million in money and TAKI tokens for the merger and acquisitions, all finalized in recent weeks.

Key Points:

  • Taki Games merged with Unite, appointing Weiwei Geng as CEO
  • Acquired mobile games Bored Button and Mom's Kitchen
  • Invested $2.5 million in money and TAKI tokens
  • Launching TAKI token on Polygon with "Takinomics" model

Taki Games is poised to introduce its native TAKI token on Polygon, rewarding players through play-to-earn games. The company's unique token rewards model, Takinomics, involves buying back and burning tokens to gradually decrease the circulating supply. The play-to-earn gaming trend gained significant traction in 2021 with the success of Axie Infinity, inspiring numerous games to utilize token rewards for player incentives. While Axie's economy faced challenges after the initial hype waned, developers are revisiting the concept amidst the current resurgence in the crypto market. Weiwei Geng emphasizes Taki's commitment to advancing Web3 gaming by addressing the shortcomings of previous models and ensuring sustainable value creation for players.

Takeaway:

Taki Games' strategic moves, including the merger, acquisitions, and token launch, reflect a proactive approach to capitalize on the growing interest in play-to-earn gaming and blockchain technology. By leveraging Weiwei Geng's expertise and implementing the innovative Takinomics model, the company aims to establish a strong foothold in the evolving landscape of Web3 gaming, offering players ownership and value retention in the digital gaming ecosystem.

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