Solana Labs announced the beta launch of GameShift, its Web3 service for game developers, in a press release published on October 31st.
Davis Hart, product lead for GameShift, said:
“By integrating GameShift’s API to handle the complexity of the blockchain under the hood, developers can devote more resources directly to game development…developers can provide gamers with a Web2-friendly experience, eliminating common Web3 frictions that can deter user acquisition and engagement.”
The announcement details that game developers can use GameShift to earn in-game assets, and the platform also supports listing, purchasing and trading of these assets. These purchases can be made “without ever holding crypto,” according to Solana Labs, including via US dollar payments and credit card transactions.
GameShift documentation also suggests that the service offers players a self-custodial wallet, giving these users full control over their assets.
Solana Labs added that the service otherwise simplifies things related to blockchain, such as storage, gas costs and smart contract implementation. The API can be used without any knowledge of blockchain or blockchain coding required.
The announcement named three partners that power the service in addition to Solana Labs itself. Those partners include NFT creation tool Crossmint, crypto payment gateway Coinflow, and non-custodial wallet protocol Metatakeep.
Solana won 28% this week
GameShift’s beta arrives alongside exceptional market performance for Solana. SOL gained 28.4% during the seven-day period ending November 1, making it one of the best performing coins of the week. Bitcoin rose 0.2% and Ethereum 3.5% in that period.
SOL is also up 75.5% over the past 30 days, compared to Bitcoin’s gain of 24.6% and Ethereum’s gain of 10.5% over the same period.
Numerous factors could have contributed to these price gains. Key events such as FTX’s $57 million sale of SOL and Solana’s recent upgrade for confidential transactions may also have affected investor sentiment.