Fun

Mirror World CEO on building Solana game engine after $12M raise

News Feed - 2024-06-21 12:06:34

Zhiyuan Sun8 hours agoMirror World CEO on building Solana game engine after $12M raiseThe firm currently develops Solana’s only SDK designed to onboard GameFi developers to the blockchain.5331 Total views2 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksDespite the blockchain’s soaring popularity, there is a chronic “lack of infrastructure” for developers to build games on Solana, at least according to Mirror World CEO Chris Zhu.


In an interview with Cointelegraph, Zhu stated that certain decentralized finance features taken for granted on other blockchains, such as cross-chain swaps and crypto on- and off-ramps, are simply out of reach for Solana gaming developers. “For example, applications like games find it challenging to internalize value on a shared Solana layer not designed with just one application in mind,” said Zhu, continuing: “Specific applications may require custom features such as privacy, instant settlements, asset transfer rules and compliance which were not supported.”


To combat this problem, a few days prior, Solana gaming studio Mirror World Labs raised $12 million in its inaugural Series A funding led by Bitkraft, Galaxy Interactive, Big Brain Holdings and others to further the development of its gaming rollup, Sonic, which launched back in March. 


Zhu said that thus far, developers have been receptive to Sonic’s technical capacity. “However, some of their feedback was to have the main token liquidity on Solana mainnet,” he said. “Which is why we enabled atomic interoperability. Leveraging HyperGrid Framework (a rollup deployment kit that allows developers to deploy new game engines and virtual machines within the Solana environment), games can utilize atomic interoperability, which allows liquidity to remain on the mainnet while processing game logic on Sonic.”


Currently, Mirror World is targeting a controlled aggregated transaction settlement of 12,000,000 transactions per second on Sonic and HyperGrid, which would support a variety of multiplayer real-time gaming transactions such as inventory purchases, quest drops and more. 


“In order to achieve this, we also needed to work directly with Solana validators to prioritize and submit our transactions — which is where our investor Galaxy Interactive has been playing a big role, as the largest validator on Solana,” Zhu said.


Currently, Sonic remains the only software development kit (SDK) on Solana. Its closest competitor, Eclipse, instead seeks to build a Solana Virtual Machine (SVM) layer 2 on Ethereum, not a Solana-native SDK on its own blockchain. “There is also Ronin (Web3 Games) and Redstone (FOCG), which is the leading gaming chain on top of Ethereum, but we aim to bring gaming assets and developers that want to build on Solana Virtual Machine,” Zhu commented.


Mirror World previously told Cointelegraph that while Solana has benefited from the memecoin boom and decentralized application market growth, its gaming aspect “has not seen similar levels of success.” It believes the novel Sonic protocol could help other developers deploy SVM chains to support their own GameFi projects.


Related: Solana slumps to 45-day low — Will SOL price bounce at $130?# Blockchain# Cryptocurrencies# Altcoin# Adoption# SolanaAdd reaction

News Feed

Biggest Movers: MATIC Slides to 1-Year Low as LINK Rebounds Following Losses
Biggest Movers: MATIC Slides to 1-Year Low as LINK Rebounds Following Losses MATIC fell to a one-year low on Wednesday, as crypto markets continue to crash this week. The decline s
Tristan Greene6 hours agoNvidia posts record $18B Q3 revenue, cites generative AI as primary driverThe company posted its record quarter just days after Nvidia stock achieved an all-time high.1056 Total views17 Total sha
Stobox Offers a Better Way To Make Money in Crypto Than DeFi. Invest Like the Rich 
Stobox Offers a Better Way To Make Money in Crypto Than DeFi. Invest Like the Rich  PRESS RELEASE. DeFi is a risky investment. It can deliver huge returns &ndas
Meta Launches Metaverse Digital Clothing Store
Meta Launches Metaverse Digital Clothing Store Meta announced that it was launching a designer digital clothing store that will allow users to purchase pieces of clothing for their
Crypto giants push to get Bitcoin an emoji
Savannah Fortis13 hours agoCrypto giants push to get Bitcoin an emojiNexo and over 35 prominent crypto organizations are petitioning to secure a Bitcoin emoji, garnering worldwide support and aiming for 50,000 endorsemen
$9 Trillion in Stimulus Injections: The Fed’s 2020 Pump Eclipses Two Centuries of USD Creation
$9 Trillion in Stimulus Injections: The Fed’s 2020 Pump Eclipses Two Centuries of USD CreationSince September 2019, research shows the Federal Reserve has pumped over $9 trillion
Grayscale’s Litecoin and Bitcoin Cash Trusts Trade for Tremendous Premiums
Grayscale"s Litecoin and Bitcoin Cash Trusts Trade for Tremendous PremiumsThis week data from Arcane Research shows there’s been massive demand for Grayscale’s recently
Anonymous Claims It Has Released 28GB of Bank of Russia Documents
Anonymous Claims It Has Released 28GB of Bank of Russia Documents Hacking group Anonymous has reportedly published a large amount of data allegedly belonging to the Bank of Russia.
Bitcoin could top $100K but only if ‘high-yield rate’ falls below 7% — Analyst
Ciaran Lyons2 hours agoBitcoin could top $100K but only if ‘high-yield rate’ falls below 7% — AnalystBitcoin needs the high yield rate to fall as low as 6% to reach a “sustainable all-time high,” says crypto an
Prashant Jha4 hours agoAudits and rug-pulled projects, a $650B token burn, and major DeFi protocol quits UK: Finance RedefinedUniswap’s founder burned $650 billion of HayCoin, amounting to 99% of the token’s supply.1
Better Business Bureau Warns of Cryptocurrency Investment Scams on Tiktok
Better Business Bureau Warns of Cryptocurrency Investment Scams on Tiktok The Better Business Bureau (BBB) has warned about cryptocurrency scams on Tiktok. “You are scrollin
Tom Mitchelhill4 hours agoHong Kong to list ‘suspicious’ crypto platforms in wake of JPEX scandalIn the wake of the ongoing JPEX scandal, the Hong Kong Securities and Futures Commission says it will issue a public li