Solana Labs announced the beta launch of GameShift, its Web3 service for game developers. GameShift simplifies blockchain development for game developers by providing a single, easy-to-use API that handles all blockchain complexity under the hood. This allows developers to focus on creating engaging games without having to learn about blockchain or blockchain coding.
GameShift can be used to mint in-game assets, list and trade assets, and process payments, all without requiring users to hold crypto. This makes it easy for game developers to provide a Web2-friendly experience to their players. GameShift also provides a self-custodial wallet to players, giving them full control over their assets.
Solana Labs is partnering with three companies to power GameShift: Crossmint (NFT creation tool), Coinflow (crypto payment gateway), and Metakeep (non-custody wallet protocol). GameShift’s beta launch comes at a time when the Solana market is performing exceptionally well. SOL gained 28.4% over the seven-day period ending November 1, making it one of the week’s best-performing coins. Bitcoin was up 0.2%, and Ethereum was up 3.5% over that period. SOL has also gained 75.5% over the past 30 days, compared to Bitcoin’s gains of 24.6% and Ethereum’s gains of 10.5% over that same period.
Numerous factors may have contributed to SOL’s price gains, including FTX’s sale of $57 million worth of SOL and Solana’s recent confidential transactions upgrade.