PlayMining Web3 Entertainment Platform Launches 4th GameFi

‘Coloring + Racing’ game lets players color in their own NFT characters and race them.

SINGAPORE, Nov. 02, 2022 (GLOBE NEWSWIRE) — Web3 leisure firm PlayMining has introduced the launch of Graffiti Racer, a brand new NFT recreation on the PlayMining gaming platform. Graffiti Racer joins a catalog of a complete of 4 Play-to-Earn (P2E) PlayMining GameFi video games that enable gamers to earn DEAPcoin ($DEP) tokens which will be spent on the PlayMining NFT market.

In Graffiti Racer, gamers shade in ‘NFT Sheet’ characters with racing talent attributes for stamina, velocity and dealing with. As soon as coloured, the characters can race in thrilling excursions or rating race competitions. Excessive scores earn gamers DEP rewards, which can be utilized to buy extra NFT sheets. The NFTs are additionally collectible, with rarer ones having extra highly effective abilities, and the characters can even stage up via play.

“Graffiti Racer’s combination of coloring plus racing is a brand new kind of NFT game that players are sure to love,” stated Kozo Yamada, co-CEO and co-founder of Digital Entertainment Asset (DEA), the corporate that operates PlayMining. “Our games cater largely to working adults and students for whom casual games like Graffiti Racer are a perfect way to enjoy some relaxing entertainment during a busy day.”

Graffiti Racer: https://www.youtube.com/watch?v=lgilUKqFsig

PlayMining: a Strong P2E Platform with a Lot to Provide

Different video games on the PlayMining platform embrace Job Tribes, Cookin’ Burger and Menya Dragon Ramen, all of that are additionally P2E video games excellent for informal players. Menya Dragon Ramen, produced by Fly Penguin Studios and launched in early October 2022, is the primary third-party recreation on the PlayMining NFT recreation platform. Notably, PlayMining gives a multi-featured on-line ecosystem the place third-party recreation studios can develop new mental properties (IPs) backed by a strong NFT market and an upcoming metaverse function.

PlayMining additionally gives a aggressive benefit for video games launched on its platform, with DEAPcoin being the primary and presently solely P2E token with official approval by Japan’s Monetary Service Company. This token is used on the PlayMining NFT market, which often hosts NFTs from high-profile artists and creators — the designers of the well-known Japanese online game and anime collection Fairy Tail, Ultimate Fantasy and Dragon Quest have all had their artwork featured on PlayMining.

“While PlayMining has a strong presence in Japan, we’d love to see more competition in the space, as it would really help drive mainstream awareness of NFT gaming,” stated Naohito Yoshida, DEA’s different co-CEO and co-founder. “Our ultimate goal is to build up a global Web3 gaming platform akin to what Nintendo has done in the console gaming market. We are keen to expand our playerbase to gamers from all around the world.”

Combating Monetary Inequality within the Artistic IP House

One other of PlayMining’s major targets is to make IP monetization a fairer observe. The gaming trade is infamous for robbing creators of a really giant chunk of their income, with the lion’s share of income captured by different stakeholders corresponding to distributors. The most important distribution channels — together with Apple, PlayStation, Nintendo and Microsoft — take round 30 percent of each sale, for instance.

PlayMining has rather more affordable charges and makes use of Web3 expertise to make sure your entire platform runs in a very clear method. That is particularly evident on the PlayMining NFT market, the place gross sales are recorded on the blockchain and royalties paid out to each official IP homeowners and fan artists. {The marketplace} has paid out over SG$9 million in royalties and hosted art work from over 100 creators thus far.

About PlayMining

PlayMining is a Web3 leisure platform that empowers creators who would in any other case profit little or no within the conventional IP creation trade. The PlayMining platform is a brand new enterprise mannequin for content material creation, that includes an NFT Market powered by the PlayMining DEAPcoin, paired with an NFT recreation and Metaverse platform with each in-house video games in addition to third-party initiatives with their very own native tokens that enable creators to seize practically all the worth they create. The PlayMining platform has 2.5 million customers and 4 present Play-and-Earn recreation titles: Job Tribes, Cookin’ Burger, Menya Dragon Ramen and Graffiti Racer.

About Digital Entertainment Asset

Digital Entertainment Asset Pte. Ltd. (DEA) is a Singapore-based world GameFi and metaverse platform enterprise based in August 2018. DEA is a developer of Play to Earn video games, and in addition operates the PlayMining NFT recreation platform, the PlayMining NFT market, the PlayMining Verse metaverse challenge and DEAPcoin, the one P2E token presently authorized by the Monetary Service Company of Japan. The staff is headed by two co-CEOs — Naohito Yoshida and Kozo Yamada — who collectively convey many years of expertise in founding profitable startups (with 3 IPOs), creating hit video video games, producing Net TV packages and a deep understanding of NFT gaming.

Official Channels
PlayMining Web site: https://playmining.com
PlayMining Discord: https://discord.com/invite/xWeHGdt
PlayMining Twitter: https://twitter.com/PlayMining_SG
PlayMining Fb: https://www.facebook.com/PlayMining/
PlayMining Youtube: https://www.youtube.com/channel/UCGWmK0RLV4SB_PSXpj2j6dw

Graffiti Racer Web site: https://graffitiracer.playmining.com/
Graffiti Racer Video: https://youtu.be/FEc1q3rftbc (Japanese narration)

DEA Web site: https://dea.sg

Media Contact
cecilia@yourprstrategist.com
dean@yourprstrategist.com

A photograph accompanying this announcement is obtainable at https://www.globenewswire.com/NewsRoom/AttachmentNg/8eec499b-31f3-4e12-b2fd-e2b3cf97aaef

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