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Transformative Shift: COTI Leads the Future of Privacy with Ethereum Layer 2 Adoption

million, to fuel the holistic development of its ecosystem. This initiative is designed to support projects and developers who are aligned with COTI's mission of enhancing privacy, security, and scalability within the Ethereum ecosystem. The Ecosystem Growth Fund represents a significant investment in the future of blockchain technology and underscores COTI's dedication to fostering innovation and growth within the industry. Advancing Privacy with Garbling Circuits Technology COTI's transition to Ethereum Layer 2 signifies a strategic shift towards scalable privacy solutions within the blockchain space. The adoption of Garbling Circuits technology enhances the speed, efficiency, and security of COTI V2, positioning the firm as a pioneer in privacy-focused initiatives. Garbling Circuits technology opens doors to a wide range of applications, including privacy-preserving wallets, decentralized exchanges (DEXs), private AI training, governance mechanisms, and more. Part

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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