FTX-supported studios explain why Solana is more suitable for game developers

Although the Ethereum blockchain has a community advantage, the competition with Solana is heating up due to the rise of blockchain-based game-making games (now called GameFi for short).

Faraway, a game developer and publisher founded by Scopely and Glu Mobile veterans, announced that the studio has raised US$21 million in a Series A financing led by Lightspeed Venture Partners and major cryptocurrency exchange FTX. In addition to the $8 million seed round of financing, Faraway has now received $30 million in total funding from well-known crypto ecosystem investors a16z, Sequoia Capital, Pantera Capital, Jump Capital, and Solana.

The company is developing its flagship game on the Solana blockchain, a browser-based real-time multiplayer game called Mini Royale: Nations. According to the announcement, the team had previously participated in popular games such as Disney Magic Arena, WWE Championship, The Walking Dead: Road to Survival and Looney Tunes: World of Chaos.

When asked why Solana was chosen instead of Ethereum from a developer’s perspective, Faraway co-founder Alex Paley told Cointelegraph that Ethereum is not an option at all due to slow transaction times and high gas fees:

“We are particularly looking for a blockchain with fast and cheap transactions, a strong ecosystem power, and a team behind it that we can trust from the perspective of technological excellence.”

Compared with Ethereum’s Solidity, Solana’s programming language Rust is also very famous among game developers. Paley acknowledged that Ethereum and its second-layer solutions have a huge community. But in most Ethereum second-layer solutions, cashing out the earned tokens is much more difficult. Paley added that Solana provides speed and access to local liquidity on the platform.

Paley emphasized that although most other blockchains try to remain agnostic to the industry, Solana has invested a lot of energy and resources in building specific tools and infrastructure to support the needs of game studios to build games with complex real-time economies and systems.

When commenting on this round of financing, Solana founder Anatoly Yakovenko emphasized that decentralized games are the next frontier of blockchain technology. “The game that Faraway is developing has the potential to bring Web 3.0 to hundreds of millions of users,” he added.

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Mini Royale: Nations browser-based settings allow players to use the Internet browser to play games on any hardware without installation. “The biggest challenge in making browser games is the graphical fidelity you can get from the browser,” Paley told Cointelegraph. “However, when WebGPU appears, we should see a significant increase in graphics fidelity on the browser.”

However, browser-based development has significant advantages, and playback without installation is the first. “All players need to do is share or click on the link, and after a few seconds, they and their friends are all playing together in the same session,” Paley said.

Since MetaMask, Phantom Wallet and other Web 3.0 wallets are natively integrated into the browser, it makes sense to develop browser-based games because it makes buying, selling or trading in-game assets more convenient.