In a significant move, Mirai Labs, a leading game studio, has migrated to an Avalanche subnet, marking a new chapter in the blend of SocialFi and Web3 gaming. This strategic shift is expected to enhance the gaming experience for users and foster a more vibrant gaming community.
The future of Mirai Labs, is on @avax 🔺
We are bringing everything, $PGX, @PegaxyOfficial, @PetopiaOfficial, @TheMiraiApp, @TheMiraiChain and all future products home, to the red army. pic.twitter.com/EHQedCzBkK
— Mirai Labs (@TheMiraiLabs) December 12, 2023
Mirai Labs, known for its innovative approach to gaming, has been at the forefront of integrating SocialFi into Web3 gaming. The studio’s first release, Pegaxy, gained recognition as the second-most popular crypto project in the Philippines in 2022. The migration to Avalanche is set to further bolster the studio’s position in the market.
Avalanche, with its high-performance blockchain platform, offers a conducive environment for Mirai Labs to flourish. The migration is a strategic move that aligns with Mirai Labs’ mission to craft games that make a lasting impact. The shift from Polygon to Avalanche is expected to provide a more seamless and efficient gaming experience.
The Game Studio’s Migration to the Avalanche Subnet Marks a New Chapter
The integration of SocialFi into Web3 gaming is a revolutionary step that can take inspiration from esports economics and improve it. The swift rise and fall of token prices in Web3 play-to-earn games have highlighted the need for a more stable and sustainable model. SocialFi, with its focus on social interaction and community building, offers a promising solution.
The integration of SocialFi will bring about a new feature known as tokenized seats. These are positions within a guild that can be traded among players on a peer-to-peer basis. When a guild is established, these seats will be offered to players at a set price, which is decided by the founder of the guild.
Mirai Labs’ migration to an Avalanche subnet is a testament to the studio’s commitment to pushing the boundaries of Web3 gaming. The move is expected to usher in a new era of gaming, where players can enjoy a more immersive and interactive experience. As Mirai Labs continues to innovate and lead the way in blending SocialFi and Web3 gaming, the gaming community eagerly awaits the studio’s next steps on Avalanche.
