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Mirror World CEO shares insights on building a Solana game engine after securing $12M raise

The firm currently develops Solana's only SDK designed to onboard GameFi developers to the blockchain.

Despite 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 DeFi features taken for granted on other blockchains, such as cross-chain swaps and on/off crypto 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

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Grayscale files updated prospectus for its Bitcoin Covered Call ETF

Gaming engine Unity adds MetaMask functionality among new Web3 tools

Blockchains Solana and Tezos were also among the 13 “vetted” crypto platforms added to Unity’s Asset Store.

Video game development platform Unity has added a slew of crypto platforms to its asset store aimed at assisting developers interested in Web3 technology to streamline decentralization efforts.

Unity said on Feb. 28 it had released a new “Decentralization” category page in its asset store with “vetted” crypto platforms to support developers interested in merging decentralization into their projects.

Crypto wallet provider MetaMask was one of the 13 platforms featured on the store, with its Software Development Kit (SDK) added to help developers enable users to connect their MetaMask wallet to "any game developed on Unity.”

Blockchain’s including Solana (SOL) and Tezos (XTZ) also had their SDKs added to the store, alongside the developer platform Immutable X for those wishing to build Web3 games on the Ethereum blockchain.

The integrations will allow developers to modify the “models of ownership” in games and enable players to create, earn or acquire in-game resources which can be subsequently traded or sold according to Unity.

Related: How Web3 gaming can reach mainstream adoption

A recent DappRadar report revealed that gamers made up nearly half (48%) of all blockchain activity in January 2023.

The report stated that a rise in interest in gaming tokens comes from announcements and news related to Web3 gaming making it into the mainstream.

Sara Gherghelas, a blockchain analyst at DappRadar, previously told Cointelegraph that blockchain gaming is already “a vertical” in the traditional industry, believing that as blockchain technology gains more traction, it will also bring “more adoption” to Web3 games which will “become mainstream.”

Meanwhile, Illivium co-founder, Kieran Warwick, told Cointelegraph on Jan. 24 that the “major challenge” with blockchain gaming at the moment is getting “casual gamers” into the market, because of the perception that blockchain games are of “inferior quality.”

Grayscale files updated prospectus for its Bitcoin Covered Call ETF

Flipside Crypto launches NFTs to pull multi-chain data

Flipside Crypto co-founder and CEO Dave Balter stated the NFTs will save users the trouble of having to “manage nodes, complex data pipelines or petabyte-scale databases.”

Blockchain analytics firm Flipside Crypto has launched an online Software Development Kit called ShroomDK, which is based on nonfungible tokens (NFTs) and provides an automated means to pull “comprehensive” blockchain data via software. Being NFT-based enables the SDK to be on-sold or upgraded more easily, according to the company.

Co-founder Jim Myers said that the ability to query blockchain data from multiple chains in an automated (programmatic) fashion has been a “critical piece of missing infrastructure for blockchain developers and analysts.”

Software-as-a-Service, or SaaS, refers to software delivered over the web instead of locally on machines. An SDK generally refers to a kit of software-building tools to create applications for specific devices or operating systems. The tokenized SaaS SDKs from Flipside Crypto allow users to on-sell purchased software development kit access after they have finished with it.

ShroomDK NFTs will allow devs to query data from Ethereum, BNB Chain, Avalanche, Solana, Near, Flow, THORChain and Algorand, while Layer-2 solutions such as Optimism and Arbitrum have been named as well.

Supported blockchains: Flipside

Speaking with Cointelegraph, FlipSide Crypto co-founder and CEO Dave Balter stated the NFTs will save users the trouble of having to “manage nodes, complex data pipelines or petabyte-scale databases,” while also offering users a chance to squeeze more value out of their software licenses:

“Wrapping SDK access in an NFT gives a user control over their license. Software licenses are often a sunk cost, meaning if you don’t utilize the purchased license it goes to waste. That’s not great for the end-user, and it’s not great for the provider of the product.”

“By transforming the license into an NFT, remaining usage can be resold to anyone. This benefits both the original holder who can transform a sunk cost into something of value and also allows new users to try out a product at a discount,” he added.

The NFTs can also be upgraded via additional free NFTs named “Spores,” which enable users to increase their query capacity.

Balter stated that the NFTs have already been issued in a closed beta over the past month, and the project has seen strong demand from 50 key analysts and organizations in the crypto space, such as “folks from Rabbithole, Optimism, LlamaDAO, 0x etc.”

Related: The community-centered approach to Web3 — Aave founder and CEO

Commenting on the notion of NFTs being tied to specific use cases rather than being merely a speculative asset, Balter emphasized that project utility is especially important given the current bear market.

“Crypto winter has put added pressure on every blockchain to grow and retain developers and users. Project utility is king, but it requires continuous insights for builders to get it right. That’s why ShroomDK is needed now.”

Flipside Crypto is known for enabling on-demand analytics for blockchains, providing data and intelligence to crypto organizations. The firm provides a free, open data platform for “analysts to learn, collaborate and compete to solve analytical challenges via structured bounty programs.”

The launch of the SDK follows a recent Series A funding round led by Republic Capital with support from top crypto firms such as Galaxy Digital Ventures and Dapper Labs in April that saw Flipside Crypto raise $50 million in funding.

Grayscale files updated prospectus for its Bitcoin Covered Call ETF

Coinbase Reveals Surprise Support for Secretive Ethereum Competitor, Sparking Altcoin Rally

Coinbase Reveals Surprise Support for Secretive Ethereum Competitor, Sparking Altcoin Rally

An altcoin built to bring privacy and scalability to the crypto market is blooming after receiving a surprise listing from Coinbase. The leading US-based cryptocurrency exchange says that Oasis Network (ROSE) will start trading on Coinbase Pro paired with Tether (USDT) once appropriate liquidity conditions are met. The Oasis ecosystem is a mid-cap Ethereum competitor […]

The post Coinbase Reveals Surprise Support for Secretive Ethereum Competitor, Sparking Altcoin Rally appeared first on The Daily Hodl.

Grayscale files updated prospectus for its Bitcoin Covered Call ETF

Polygon debuts SDK for building Ethereum-compatible chains

Polygon developers are set to launch tools to enable the creation of Ethereum-compatible standalone chains and layer-two protocols.

Polygon has announced the launch of its SDK stack that will allow developers to easily deploy their own Ethereum-connected blockchains. SDKs, or software development kits, are single installation packages containing tools necessary for seamless app creation.

According to an announcement on Wednesday, the Polygon SDK contains several plug-and-play modules with custom-made solutions for parameters like consensus and synchronization.

Apart from consensus and synchronization, the Polygon SDK also contains other modules like TxPool, JSON RPC and gRPC. As part of the announcement, Polygon revealed that its SDK was designed to mirror a “Polkadot on Ethereum” approach, which could see the emergence of a multichain network for Ethereum.

The Polygon SDK will reportedly exist in two iterations, with the first version allowing developers to create standalone chains that have complete interoperability with the Ethereum network. In the second Polygon SDK iteration, developer teams will be able to create actual layer-two protocols directly connected to the Ethereum mainnet.

Beyond these two iterations, the Polygon developers are also reportedly keen on enabling open-source collaboration for the SDK. The release announcement stated that there are plans to develop a plugin framework to allow developers to contribute additional modules to the Polygon SDK.

According to Sandeep Nailwal, co-founder of Polygon, the Polygon SDK will play an important role in the future of Ethereum multichain efforts as well as layer-two advancements, stating:

“With advanced ‘Layer 2’ solutions, Ethereum 2.0 all coming online now or soon, the need for a comprehensive interoperability framework is stronger than ever. With the Polygon SDK, we are solving pressing needs for Ethereum’s multi-chain future, including ease of deployment and inter-L2 communication.”

Polygon, formerly known as Matic, has been growing in popularity of late, especially as a major platform for scaling Ethereum. Earlier in May, Cointelegraph reported that the protocol’s user base had grown by 75,000 as more users continue to interact with Polygon-based decentralized applications.

Polygon’s meteoric rise has also reportedly caught the eye of billionaire Mark Cuban, with the Dallas Mavericks owner identifying the protocol’s speed and growing user base as major selling points.

Grayscale files updated prospectus for its Bitcoin Covered Call ETF