Solana Labs Introduces GameShift As SOL Experiences Price Resurgence

As first revealed via a press release on October 31st, Solana Labs has officially introduced GameShift, its Web3 solution for game developers. The beta launch for GameShift coincides with a remarkable performance in the market for Solana. SOL, its native cryptocurrency, exhibited a 28.4% increase during the 7 day period concluding on November 1st, positioning it among the top-performing cryptocurrencies for that week. Over the past 30 days, SOL surged by 75.5%.

Helping out developers

Davis Hart, Product Lead for GameShift, stated that by integrating the API provided by GameShift in order to successfully manage the intricacies of blockchain technology behind the scenes, developers can therefore allocate more resources to actual game development. This enables developers to offer a user-friendly Web2 experience to gamers, reducing the typical Web3 obstacles that might discourage user acquisition and engagement.

The announcement also outlined that game developers will now have the capability to utilize GameShift for creating in-game assets. Additionally, the platform supports the posting, acquisition, and trading of these assets, all of which can be accomplished without ever possessing cryptocurrency, according to Solana Labs. Transactions can be carried out using USD payments and credit card transactions. It was also revealed that users will be given a fully self-managed wallet too, granting them complete control over their assets, as per the latest documentation.

Solana steadily improving

Solana Labs also mentioned that the service streamlines various aspects associated with blockchain, including storage, transaction fees, and the implementation of smart contracts. The API can also be utilized without requiring any knowledge of blockchain or blockchain programming.

The announcement named three collaborators that support the service alongside Solana Labs itself, namely the NFT creation tool Crossmint, the cryptocurrency payment gateway Coinflow, and the non-custodial wallet protocol Metakeep.

While Solana seems to have gotten back on track, not everyone is convinced as comebacks like this have happened before only for the seemingly inevitable crash to occur not long afterwards. Still, Solana seems to be on the right track, but only time will tell if that will last.