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 might be spent on the PlayMining NFT market.

In Graffiti Racer, gamers coloration in ‘NFT Sheet’ characters with racing ability attributes for stamina, velocity and dealing with. Once coloured, the characters can race in thrilling excursions or rating race competitions. High scores earn gamers DEP rewards, which can be utilized to buy further NFT sheets. The NFTs are additionally collectible, with rarer ones having extra highly effective abilities, and the characters also can 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,” mentioned 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 Robust P2E Platform with a Lot to Offer

Other video games on the PlayMining platform embody Job Tribes, Cookin’ Burger and Menya Dragon Ramen, all of that are additionally P2E video games excellent for informal avid gamers. 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 characteristic.

PlayMining additionally gives a aggressive benefit for video games launched on its platform, with DEAPcoin being the primary and at present solely P2E token with official approval by Japan’s Financial Service Agency. This token is used on the PlayMining NFT market, which commonly hosts NFTs from high-profile artists and creators — the designers of the well-known Japanese online game and anime sequence Fairy Tail, Final 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,” mentioned 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.”

Fighting Financial Inequality within the Creative IP Space

Another of PlayMining’s main objectives is to make IP monetization a fairer apply. The gaming business is infamous for robbing creators of a really massive chunk of their earnings, with the lion’s share of income captured by different stakeholders corresponding to distributors. The largest distribution channels — together with Apple, PlayStation, Nintendo and Microsoft — take round 30 percent of each sale, for instance.

PlayMining has far more affordable charges and makes use of Web3 know-how to make sure all the platform runs in a totally clear method. This is very evident on the PlayMining NFT market, the place gross sales are recorded on the blockchain and royalties paid out to each official IP house owners and fan artists. The market has paid out over SG$9 million in royalties and hosted art work from over 100 creators to this point.

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 business. The PlayMining platform is a brand new enterprise mannequin for content material creation, that includes an NFT Marketplace powered by the PlayMining DEAPcoin, paired with an NFT recreation and Metaverse platform with each in-house video games in addition to third-party tasks with their very own native tokens that enable creators to seize practically the entire 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 international 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 at present authorised by the Financial Service Agency of Japan. The workforce is headed by two co-CEOs — Naohito Yoshida and Kozo Yamada — who collectively deliver many years of expertise in founding profitable startups (with 3 IPOs), creating hit video video games, producing Web TV applications and a deep understanding of NFT gaming.

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

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

DEA Website: https://dea.sg

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

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