SINGAPORE, Nov. 02, 2022 (GLOBE NEWSWIRE) — Web3 entertainment company Play mining has announced the start of Graffiti Racer, a new NFT game on the PlayMining gaming platform. Graffiti Racer joins a catalog of four Play-to-Earn (P2E) PlayMining GameFi games that allow players to earn DEAPcoin ($DEP) tokens that can be spent on the PlayMining NFT Marketplace.
In Graffiti Racer, players color in ‘NFT Sheet’ characters with racing skill attributes for stamina, speed and handling. After being colored, characters can run exciting tours or ranked race events. High scores earn players DEP rewards, which can be used to purchase additional NFT sheets. NFTs are also collectable, rarer ones have more powerful skills, and characters can also be leveled up through play.
“Graffiti Racer’s combination of coloring plus racing is a completely new type of NFT game that players are sure to love,” said Kozo YamadaCo-CEO and Co-Founder of Digital Entertainment Asset (DEA), the company that operates PlayMining. “Our games cater mostly to working adults and students for whom casual games like Graffiti Racer are a great way to enjoy some relaxing fun during a busy day.”
Graffiti Racer: https://www.youtube.com/watch?v=lgilUKqFsig
Play Mining: A robust P2E platform with a lot to offer.
Other games are included on the PlayMining platform. Job tribes, Cooking burger And Mania Dragon Ramen, these are also all P2E games that are perfect for casual gamers. Mania Dragon Ramen, prepared by Fly Penguin Studios And launched in early October 2022, PlayMining is the first third-party game on the NFT game platform. In particular, PlayMining offers a multi-featured online ecosystem where third-party game studios can develop new intellectual properties (IPs) through a robust NFT marketplace and the upcoming Metaverse feature.
PlayMining also offers a competitive advantage for games launched on its platform, with DEAPcoin being the first and currently the only P2E token with official approval from Japan’s Financial Services Agency. This token is used on the PlayMining NFT Marketplace, which regularly hosts NFTs from high-profile artists and creators — the designers of popular Japanese video game and anime series Fairy Tail, Final Fantasy and Dragon Quest have their own on PlayMining. What makes art stand out?
“While PlayMining has a strong presence in Japan, we would love to see more competition in the space, as this will really help bring mainstream awareness of NFT gaming,” said. Nahito Yoshida, the other co-CEO and co-founder of the DEA. “Our ultimate goal is to create a global Web3 gaming platform similar to what Nintendo has done in the console gaming market. We want to expand our player base to gamers all over the world.”
Fighting financial inequality in the creative IP space
One of PlayMining’s primary goals is to make IP monetization a better practice. The gaming industry is notorious for robbing creators of a large portion of their profits, with the majority of revenue being captured by other stakeholders such as distributors. Take the biggest distribution channels — including Apple, PlayStation, Nintendo and Microsoft — around. 30 percent of each sale, for example.
PlayMining has high fees and uses Web3 technology to ensure that the entire platform operates in a completely transparent manner. This is particularly evident on the PlayMining NFT marketplace, where sales are recorded on the blockchain and royalties are paid to both official IP owners and fan artists. The marketplace has paid out over SG$9 million in royalties and hosted artwork from over 100 creators to date.
PlayMining is a Web3 entertainment platform that empowers creators who would otherwise have little leverage in the traditional IP creation industry. The PlayMining platform is a new business model for content creation, featuring an NFT marketplace powered by the PlayMining DEAPcoin, paired with an NFT game and Metaverse platform with in-house Games as well as third-party projects have their own native tokens. Creators to capture almost all of the value they create. The Playmining platform has 2.5 million users and four current play-and-earn game titles: Job Tribe, Kokenburger, Mania Dragon Ramen and Graffiti Racer.
About digital entertainment assets
Digital Entertainment Asset Pte. Ltd. (DEA) is a Singapore-based global gaming and metaverse platform business founded in August 2018. DEA is a developer of Play-to-Earn games, and also operates the PlayMining NFT game platform, the PlayMining NFT Marketplace, the PlayMining Verse metaverse project. and DEAPcoin, the only P2E token currently approved by Japan’s Financial Services Agency. The team is led by two co-CEOs—Naohito Yoshida and Kozo Yamada—who together have founded successful startups (with 3 IPOs), created hit video games, developed web TV programs, and developed deep NFT gaming. Bring decades of experience in understanding.
Play Mining Website: https://playmining.com
Play mining discord: https://discord.com/invite/xWeHGdt
Play Mining Twitter: https://twitter.com/PlayMining_SG
Play Mining Facebook: https://www.facebook.com/PlayMining/
Play Mining YouTube: https://www.youtube.com/channel/UCGWmK0RLV4SB_PSXpj2j6dw
Graffiti Racer Website: https://graffitiracer.playmining.com/
Graffiti Racer Video: https://youtu.be/FEc1q3rftbc (Japanese statement)
DEA website: https://dea.sg
A photo accompanying the announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8eec499b-31f3-4e12-b2fd-e2b3cf97aaef.