The blockchain gaming sector continues to gain steam, given that it attracted investments worth $1.1 billion in January, according to a recent Blockchain Game Alliance and DappRadar report. Virtual worlds, decentralized applications (dapps), and play-to-earn platforms attracted the lion’s share of these investments.
Solana, a public blockchain platform with smart contract functionality, has a native cryptocurrency well known as SOL and claims to offer faster transaction times and lower costs than its main competitor, Ethereum, (a decentralized, open-source blockchain with smart contract functionality, having the second-highest market capitalization after Bitcoin) made a great stride just recently as it sets out to take over Paradox Blockchain Gaming Studio.
Solana Eyes Lead Position For Blockchain Gaming
In recent times, P2E games are becoming increasingly popular, with the industry tipping to skyrocket in value in the coming days. Since the first video games emerged in the 1970s, video games have come a long way, with the industry tipping to surge over $180 billion in annual revenue as of last year. Following the trends of these optimistic predictions, Solana does not want to be left out of the P2E craze and big leap, as the network has made significant efforts toward making its blockchain the favorite launchpad for developers.
Quite fascinating to note is that last year, Solana launched a $150 million fund for the sole purpose of investing in Web3 games. The network has also made game building easier for developers. With unrivaled speed and low transaction costs, Solana looks set to take Web 3 gaming by storm. Compared to Ethereum’s Solidity language when developing play-to-earn (P2E) games, the ease of use of Solana’s building language- Rust, will give Solana a competitive edge.
Why Solana Remains as the Sage to Developers Over Ethereum
Without many compromises, Ethereum has for a long time been known to be a platform that in a way discourages Projects from launching and operating efficiently due to its high gas fees which also takes a ripple effect on some other persons around its ecosystem. AmioTalio, CEO and founder of Paradox Studios, noted in a press release that Solana has been in constant development behind the scenes to lure P2E game developers into launching their games on the network.
He further stated that while building his own P2E game, he met with several developers who told him how easier it is to use Solana’s Rust platform in game development than Ethereum’s Solidity language. These developers seem happy and are eager to launch their games on Solana, choosing the network over Ethereum.
Solana moves with Double Exhaust Pipe in Web3 Gaming Against Ethereum
Following massive efforts being launched towards the growth and enhancement of play-to-earn (P2E) games by popular blockchain, the CEO of Solana doesn’t seem easy on Ethereum. According to him, he maintains a positive stance that the network would overtake Ethereum this year in blockchain gaming as it leaves it in the dust. With blockchain gaming continuously accelerating the metaverse narrative, AmioTalio believes that the huge funding that Solana is offering developers is intended to woo them from the Ethereum network, and it is starting to take shape.