Solana is a decentralized blockchain network that has been built to ensure user-friendly and scalable decentralized apps for the world. Because of its technological strength, processing speed, and programming languages, Solana is the fastest-growing ecosystem within the crypto world and one of the fastest blockchain networks that have positioned itself in the market. Hundreds of projects associated with NFT, Defi, Web3 are built on Solana Today. A huge amount of capital is invested in this ecosystem. With the commitment to invest 100 million USD in gaming projects, Solana’s ecosystem is one of the most prominent networks built on blockchain technology that is widely used in NFT gaming platforms.
How is the Solana blockchain impacting the gaming sector?
Following are the ways in which Solana blockchain technology is impacting the gaming industry significantly:
- Real Ownership
Solana-based games offer players full control and permanent ownership over their in-game assets. The in-game assets comprise avatars, characters, game cards, gear, etc.
- Decentralized Marketplace
Any gaming company can control the profitability and drop rate of online games. Users can bind or lock in-game assets or items to make them non-tradable. However, games built on the Solana blockchain network help create a decentralized marketplace.
- Streamlining Payments
Solana blockchain poses particular capabilities that cut costs and help to perform financial transactions seamlessly. This network facilitates peer-to-peer transactions among players and payments between developers and players.
- Gaming Multi-Universe
Smart contracts and blockchain-based on the Solana platform comprise features that help speed up the financial transaction and reduce the transaction cost.
How can Solana benefit the gaming sector?
Following are the ways in which Solana is impacting the gaming industry and benefiting it in immense ways:
- Asset ownership
Solana blockchain helps to protect and streamline ownership of in-game assets or items. This is one of the most prominent NFT use cases in the present day. Each gaming asset can typically be represented with the help of a unique NFT.
Solana blockchain developers can develop an independent in-game economic system. As the Solana blockchain is decentralized in its structure, it helps maintain transparency. Gaming companies can partner with Solana blockchain technology experts to integrate Solana development services and also build custom Solana blockchain solutions to develop a transparent and secure in-game economy.
- Better payments
Games based on Solana blockchain technology can significantly reduce the cost and transaction time compared to centralized servers. Solana is reshaping the gaming world and benefiting both players and the game developers or publishers.
Before the introduction of Solana, games were based on Tron blockchains and Ethereum blockchain generally; however, as Solana entered the gaming industry, game creators benefited a lot because of its robust features, reduced cost, and fast speed. Solana can scale horizontally and can work with other systems while maintaining low transaction fees. Recently nearly 350 DeFi applications and around 150 Solana and GameFi projects have been developed that are based on the Solana ecosystem. Solana has gotten the attention of many play-to-earn game developers because of its cost-effective network operation and other additional features. The top four gaming projects that are based on Solana are DeFi Land, Neopets Meta, SolChicks, and MonkeyLeague.