SINGAPORE, Nov. 02, 2022 (GLOBE NEWSWIRE) — Web3 entertainment company PlayMining has announced the launch of Graffiti Racer, a new NFT game on the PlayMining gaming platform. Graffiti Racer joins a catalog of a total of four Play-to-Earn (P2E) PlayMining GameFi games that allow players to earn DEAPcoin ($DEP) tokens that can be used on the PlayMining NFT marketplace.
In Graffiti Racer, players color in “NFT Sheet” characters with racing skill attributes for endurance, speed, and handling. Once colored, the characters can race in thrilling rides or ranking competitions. High scores earn players DEP rewards, which can be used to purchase more NFT sheets. The NFTs are also collectibles, with rarer ones having more powerful skills, and the characters can also level up through play.
“Graffiti Racer’s combination of coloring plus racing is a whole new type of NFT game that players are sure to love,” said Kozo Yamadaco-CEO and co-founder of Digital entertainment resource (DEA), the company that operates PlayMining. “Our games are largely aimed at 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:
PlayMining: a robust P2E platform with a lot to offer
Other games on the PlayMining platform include Job logs, Make burgers and Menu Dragon Ramen, all of which are also P2E games that are perfect for casual players. Menya Dragon Ramen, produced by Fly Penguin Studios and launched in early October 2022, is the first third-party game on the PlayMining NFT gaming platform. In particular, PlayMining offers a multi-functional online ecosystem where third-party game studios can develop new intellectual properties (IPs) supported by a robust NFT marketplace and an upcoming metaverse feature.
PlayMining also offers a competitive edge for games launched on the platform, with DEAPcoin being the first and currently only P2E token with official approval by Japan’s Financial Service Agency. This token is used on the PlayMining NFT Marketplace, which regularly hosts NFTs from high-profile artists and creators – the designers of the famous Japanese video game and anime series Fairy Tail, Final Fantasy and Dragon Quest have all had their art featured on PlayMining.
“Although PlayMining has a strong presence in Japan, we would like to see more competition in the space as it would really help raise awareness of NFT gaming,” said Naohito Yoshida, DEA’s other co-CEO and co-founder. “Our ultimate goal is to build a global Web3 gaming platform similar to what Nintendo has done in the console gaming market. We are keen to expand our player base to players from all over the world.”
Combating economic inequality in the creative IP space
Another of PlayMining’s primary goals is to make IP monetization a fairer practice. The games industry is notorious for robbing creators of a very large portion of their profits, with the lion’s share of revenue captured by other stakeholders such as distributors. The major distribution channels – including Apple, PlayStation, Nintendo and Microsoft – are taking over 30 percent of each sale, for example.
PlayMining has much more reasonable fees and uses Web3 technology to ensure that the entire platform runs 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.
About PlayMining
PlayMining is a Web3 entertainment platform that empowers creators who would otherwise benefit very little from the traditional IP creation industry. The PlayMining platform is a new business model for content creation, with an NFT Marketplace powered by PlayMining DEAPcoin, paired with an NFT game and Metaverse platform with both internal games as well as third-party projects with their own native tokens that allow creators to capture almost all the value they create. The PlayMining platform has 2.5 million users and four current Play-and-Earn game titles: Job Tribes, Cookin’ Burger, Menya Dragon Ramen and Graffiti Racer.
About Digital Entertainment Assets
Digital Entertainment Asset Pte. Ltd. (DEA) is a Singapore-based global GameFi and metaverse platform business founded in August 2018. DEA is a developer of Play to Earn games, and also operates the PlayMining NFT gaming platform, the PlayMining NFT marketplace, the PlayMining Verse metaverse project and DEAPcoin, the only P2E token currently approved by the Financial Service Agency of Japan. The team is led by two co-CEOs – Naohito Yoshida and Kozo Yamada – who together bring decades of experience in founding successful startups (with 3 IPOs), creating popular video games, producing web TV shows and a deep understanding of NFT games.
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:
Graffiti Racer website: https://graffitiracer.playmining.com/
Graffiti Racer Video: (Japanese tale)
DEA website:
Media contact
[email protected]
[email protected]
An image accompanying this announcement is available at
