Solana Labs GameShift May Unite Web3 and Blockchain Gaming

Solana Labs GameShift May Unite Web3 and Blockchain Gaming

Solana Labs, the company behind the fast and scalable Solana blockchain, has recently launched the beta version of GameShift, a platform that aims to simplify the integration of Web3 features into games.

GameShift promises to offer game developers a single, easy-to-use API that handles all the blockchain complexity under the hood, allowing them to focus on creating immersive and engaging gaming experiences.

But will it really change the blockchain gaming landscape and enable more games to be launched? Here are some of the key aspects and implications of this innovative platform.

How Does GameShift Work?

GameShift is a unified blockchain game development API that leverages the power and efficiency of the Solana blockchain. It allows game developers to access a full stack of trusted third-party Web3 components on Solana through a single API without needing blockchain coding or knowledge. Some of the features include:

  • User wallets: Integrates with popular wallet providers such as Phantom, Sollet, and Coin98, enabling users to easily connect their wallets to games and manage their assets.
  • NFT minting: Enables game developers to create and mint unique and verifiable digital assets, such as characters, items, skins, and collectibles, using the Metaplex protocol.
  • In-game marketplaces: Allows game developers to create and customize their own branded in-game marketplaces, where users can buy, sell, and trade their NFTs using the Crossmint protocol.
  • Credit card on-ramps: Enables users to purchase NFTs and other in-game assets using fiat currency through credit card payments using the Coinflow protocol.
  • Analytics and insights: Provides game developers with access to data and metrics about their games, such as user behavior, engagement, retention, and revenue, using the Metakeep protocol.

GameShift is designed to be Web2-friendly, meaning that it uses familiar technologies and interfaces that game developers are already accustomed to, such as REST API, SDKs, and Unity, and Unreal engines. It also aims to provide a seamless and user-friendly experience for gamers, who can enjoy the benefits of Web3 gaming without having to deal with the technicalities and frictions of blockchain.

What are the Benefits of GameShift?

GameShift offers several benefits for both game developers and gamers, such as:

  • Faster and more accessible game development: Reduces the time, cost, and complexity of developing blockchain games by providing a single solution that handles all the Web3 components and integrations. Game developers can focus on the core gameplay and design aspects rather than the backend infrastructure and blockchain coding.
  • Higher quality and diversity of games: Enables game developers to create high-quality and diverse games that can rival those of traditional PC, console, and mobile games. It supports various genres and styles of games, from casual and social games to RPGs and MMOs and from 2D and 3D graphics to VR and AR experiences.
  • More revenue and engagement opportunities: Allows game developers to monetize their games and create new revenue streams by leveraging the play-to-earn and play-to-own models. Game developers can reward their users with cryptocurrency and NFTs for playing their games and also earn a share of the transactions that occur in their in-game marketplaces. It also enables game developers to increase user engagement and retention by offering users more ownership, control, and customization over their in-game assets and experiences.

What is the Impact and Potential of GameShift?

GameShift is a promising and innovative platform that has the potential to revolutionize the blockchain gaming industry and attract more game developers and gamers to the Web3 space. It may also have a positive impact on the broader blockchain and crypto ecosystem by driving more adoption and innovation and by creating more use cases and value for Solana and its native token, SOL.

They are still in the early stages of development. However, it has already attracted some interest and attention from game developers and investors and is powered by industry partners like Crossmint, Coinflow, and Metakeep. This is a good start for them.

It is expected to launch more games and features on its platform in the near future and to expand its user base and network effect. Personally, I think they may also explore more opportunities, such as:

  • Interoperability and cross-chain gaming: They may enable game developers and gamers to interact and exchange assets and data across different blockchains and platforms, creating more diversity and interoperability in the Web3 gaming ecosystem.
  • Social and community gaming: It may foster more social and community aspects in Web3 gaming by enabling game developers and gamers to create and join groups, clans, guilds, and DAOs and to communicate and collaborate with each other through chat, voice, and video features.
  • Immersive and realistic gaming: They may enhance the immersive and realistic aspects of Web3 gaming by enabling game developers and gamers to use VR and AR technologies and to create and experience lifelike and dynamic virtual worlds and environments.

The Bottom Line

Gameshift has the potential to shake up the world of blockchain gaming. It simplifies and speeds up the process of adding Web3 features to games, making it easier for game developers. It could completely transform blockchain gaming, enabling more games to launch.

For developers, it’s like a one-stop shop that takes care of all the complicated Web3 stuff, and for gamers, it offers a smooth and user-friendly experience with all the benefits of Web3 gaming.

And it’s not just about games. This platform could have a positive impact on the wider blockchain and crypto world. It might encourage more people to get involved and develop new ideas. It could even boost the value of Solana and its native token, SOL.

Right now, the platform is still in beta, and it hasn’t hosted any games yet. But it’s already getting much attention from game developers and investors. They’ve also announced some cool partnerships with other prominent players in the gaming world.

They plan to launch more games and features soon and explore all kinds of exciting possibilities for Web3 gaming, like making games work together, creating social gaming experiences, and diving into immersive gaming.

 

 

 

Source: https://www.techopedia.com/solana-labs-gameshift-may-unite-web3-and-blockchain-gaming

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Crypto Expo Asia Announces Partnerships with Asia Blockchain Association, Asia Blockchain Gaming Alliance, Asosiasi Blockchain Indonesia, Singapore Fintech Association, and More

Crypto Expo Asia Announces Partnerships with Asia Blockchain Association, Asia Blockchain Gaming Alliance, Asosiasi Blockchain Indonesia, Singapore Fintech Association, and More

SINGAPORE, April 11, 2023 (GLOBE NEWSWIRE) — Crypto Expo Asia , one of the region’s leading crypto conferences and exhibitions, today announced partnerships with the Asia Blockchain Association ( ABA ), Asia Blockchain Gaming Alliance ( ABGA ), Asosiasi Blockchain Indonesia ( ABI ), Singapore Fintech Association ( SFA ), and the Singapore University of Social Sciences Node for Inclusive FinTech Blockchain Security Alliance ( SUSS NiFT ) to bolster collaboration with leading industry groups and offer preferential rates to association members. This second edition of Crypto Expo Asia will take place from 7 – 8 June at Singapore’s iconic Marina Bay Sands Expo.

The event also unveiled its latest line-up of headline speakers, which include Hayden Hughes, Co-Founder and CEO of Alpha Impact ; Sidney Macdessi, Head of Institutional Sales at Cake DeFi ; Peter Sumer, COO of BITmarkets ; Igneus Terrenus, Head of Communications & Business Development at the Mantle Network by BitDAO ; Giulio Xiloyannis, CEO of Pixelmon ; Chen Zhuling, CEO and Founder of RockX ; Pradeep Goel, Founder & CEO of Solve.Care ; renowned blockchain strategist and thought leader, Anndy Lian; and more.

Media partners for the event include Cointelegraph Blockhead CoinCu Chain Debrief Jinse Finance , and U.Today .

[L – R] Hayden Hughes, Co-Founder and CEO of Alpha Impact; Sidney Macdessi, Head of Institutional Sales at Cake DeFi; Igneus Terrenus, Head of Communications & Business Development at the Mantle Network by BitDAO; Giulio Xiloyannis, CEO of Pixelmon; Chen Zhuling, CEO and Founder of RockX; Pradeep Goel, Founder & CEO of Solve.Care; blockchain strategist, Anndy Lian

Michael Xuan, Director, Crypto Expo Asia, said: “Amid calls for greater regulatory oversight around crypto, it is apparent that now is the time for open dialogue between companies, developers, investors, and governments, to chart the way forward. As with all bleeding-edge developments, intra-industry collaboration is critical to advancing the entire blockchain and crypto ecosystem, ensuring it evolves in a sustainable and responsible manner without stymieing innovation.”

Speakers and panellists at Crypto Expo Asia will address key trends shaping the global Web3 and crypto industry, including artificial intelligence, central bank digital currencies (CBDCs), Web3 regulation, blockchain gaming, and what this will ultimately mean for an industry that has undergone scrutiny and seismic change over the last few months.

“With more businesses trying to navigate the metaverse, we are pleased to announce the inaugural Web3 Expo Asia Summit, a sub-event under the auspices of Crypto Expo Asia. This first summit will introduce pilot sessions for metaverse and NFT-specific panels and discussions,” added Michael.

Shawn Tham, Co-Chairman, Asia Blockchain Association, said: “The industry’s recent trials have shown just how important it is for the community to engage in productive discourse, and conferences such as Crypto Expo Asia provide a platform for discussion. Driving conversations and facilitating solutions to the industry’s most pressing issues is part of the ABA’s raison d’être, and we look forward to the ideas and solutions that will emerge from the conference this year.”

Ahead of what is shaping up to be the definitive return for one of Asia’s most exciting crypto industry events, Crypto Expo Asia has already seen major crypto players including ABX BEOSIN BITmarkets Coinstore , and PurpleFi pledge their support for the event.

Organised by international exhibitions and conference company, HQMENA , Crypto Expo Asia is the second crypto-focused event of the HQMENA calendar, following the highly successful second run for Crypto Expo Dubai which ran from 8 – 9 March 2023. This year’s Crypto Expo Dubai drew over 4,000 attendees and welcomed representatives from the Blockchain Founders Fund Chainalysis Nexo , and more.

Interested sponsors, partners, and speakers for Crypto Expo Asia are encouraged to visit the website for more information: https://cryptoexpoasia.com/ .

– END

About Crypto Expo Asia
Crypto Expo Asia is the premier event for the global crypto ecosystem in Asia, creating an integral platform for the industry to connect and exchange ideas. Attendees gain valuable insight into the global crypto ecosystem and are given a chance to exchange ideas with established thought leaders.

Topics discussed include the future of the blockchain-based economy and the possible impacts on industry and society, while attendees are among the first to know about market movements, partnerships and product launches. Crypto Expo Asia is an unrivalled global meeting place for like-minded entrepreneurs, industry insiders and investors.

For more information, visit: https://cryptoexpoasia.com/

 

Source: https://www.investorsobserver.com/news/qm-pr/4781239619583701

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Can Play-to-Earn gaming replace traditional jobs?

Can Play-to-Earn gaming replace traditional jobs?

Web3, the latest iteration of the Internet, has radically changed the gaming business by integrating unique features involving blockchain, cryptos and non-fungible tokens (NFTs).

The question that arises now is whether Play-to-Earn, or P2E, games can offer an alternative to traditional wage employment for people looking to move out of their jobs, whatever be the reason.

Gaming in the Web2 era was controlled by tech enterprises and involved players shelling out money to the developers. The advent of P2E gaming, completely decentralized, has put power in the hands of the players, who can tokenize in-game assets in the form of unique NFTs, a form of digital assets, for ownership rights.
According to a study by market researcher Absolute Reports, the global P2E NFT gaming market size was estimated to be worth $776.9 million in 2021, having received a fillip from the COVID-19 pandemic.

The market is forecast to reach a readjusted size of $2.8 billion by 2028, expanding at a Compound Annual Growth Rate of 20.4 percent during 2022-2028.

P2E cannot replace regular jobs

Ishank Gupta, advisor to IndiGG, the largest gaming DAO (decentralised autonomous organisation) in India, says P2E games can be a potential second source of income, but cannot replace earnings through traditional jobs.

Gupta believes that emerging markets like India will drive the Web3 gaming adoption.

When asked to elucidate, he said mobile data was most affordable in India with the average cost of 1GB of 4G data at Rs 20. The country is also a “mobile first” nation with over 700 million smartphones.

India is expected to be home to 500 million players by 2024, creating a sizable (mobile-first) market for game creators, he said, adding that app install statistics show 17% of all game downloads come from India.

“In the world of Web3, where everyone is still at the starting line, we may acquire a head start and become first movers in the business by taking steps to establish an indisputable community that interacts with Web3 games and goods. When it comes to gaming, India is regarded as an important market,” Gupta says.

Experts point out that the future of work is being redefined by new technologies, with blockchain —  a database that stores information in a digital format — being the most important development that happened in the past 10 years.

Back in 2021 in emerging economies, the first generation of games like Axie Infinity was able to replace ordinary jobs.

Driving a taxi or being a delivery driver made less money than a middle-level P2E Axie player.

However, the first generation of P2E has a lot of holes in terms of game depth, tokenomics, overall dynamics and aesthetics.

Corruption, inflation driving users toward Web3

Asked about the fascination with P2E games in emerging economies, Martin Repetto, CEO and co-founder of Mokens League, says rampant corruption, high inflation and depreciation of local currencies have created the perfect ecosystem for crypto to be the king.

“The combination of trying to escape high taxes with badly rendered services, inflation, and economic freedom, makes it perfect for Blockchain games and DApps (decentralised applications) to triumph. There is no coincidence that the most successful Play-To-Earn games came from emerging markets/economies/countries,” Repetto says.

P2E growth depends on per capita GDP

P2E is one of the ways to earn an additional income, but it may not work for all countries.

In Singapore, for example, Gross Domestic Product (GDP) per capita reached a record high of US $66,176.39 in 2021. Even so, the cost of living is high and the P2E concept is harder to attract the 9-5 working class because it may not be able to pay even for their monthly groceries.

In Kenya, where GDP per capita is expected to reach US $1,550.00 by the end of 2022, P2E is viable.

In fact, in Kenya play-to-earn, when positioned well, can reduce the unemployment rate and increase overall GDP.

India will be the outsourcing factory for Web3

Anndy Lian, Chief Digital Advisor to the Mongolian Productivity Organization, says the revenue from Web2 gaming goes to the gaming companies, but Web3 gaming is better distributed.

“Users get rewarded for their efforts and their assets can be further monetized. NFTs are in-game assets, not in-game expenses, anymore because you can resell your NFTs in the secondary market; if you promote harder, you can command a higher price. The value of your assets is in your own hands,” he says.

He adds that India is very developed in Web2 and many users are transiting to Web3 and a big pool of developers will make India the biggest outsourcing factory for Web3.

Future of Web3 gaming

The platform’s development and level of user interaction will determine how well it does.

The platform will gradually attract additional developers, users, and practical outcomes as it goes through its motions.

Over time, the platform’s market valuation will increase as more users and developers join it.

P2E is an idea that is gradually gaining hold among gamers. However, it still has a long way to go before it can take the place of traditional jobs.

The platform doesn’t currently have the gamers and developers it needs to grow and succeed and will become more reliable and popular as it evolves further.

This will encourage other developers to produce their own games for the system, accelerating the growth of the metaverse crypto.

Saurabh Tiwari, a Pune-based Web3 enthusiast, and an avid gamer, told Moneycontrol that NFT-based games were previously a grey area, just like TikTok was initially.

“Playing games definitely can be a long-term career option if planned properly because the loyalty amounts, once a gamer creates his own community and followers, are huge.

Multinational companies are investing big in the space which only goes on to show they see huge potential here in the long run,” Tiwari said.

 

 

Source: https://www.moneycontrol.com/news/business/can-play-to-earn-gaming-replace-traditional-jobs-9271761.html

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

j j j