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The sudden breakthrough of blockchain technology has led to several innovations; Web3 has also developed in the past few quarters. Solana’s (SOL) price has grown over 50.91% in the past 30 days.
Mirror World, a renowned Web3 application development platform, is launching the first gaming rollup on the Solana blockchain. As per the official press release, the Solana Virtual Machine (SVM) computing engine is known as “Sonic.”
‘Sonic’ will allow developers to deploy gaming engines or virtual machines on the Solana ecosystem utilizing its software development kit (SDK) and power in-app transactions.
Simultaneously, gaming platforms may build their own on-ramp and cross-chain decentralized exchange (DEX) aggregators for Solana in-game activities thanks to Mirror World’s HyperGrid, the underlying technology of the Sonic SVM. As the first distribution nodes, 50 gaming clients have received the Mirror World SDK.
Chris Zhu, CEO of Mirror World, emphasized Sonic’s critical role in broadening Solana’s gaming horizons while expressing the company’s commitment to fostering the Web3 gaming environment.
“Sonic offers natively integrated payment and settlement infrastructure tools, along with user engagement tools required to develop a profitable Web3 game,” Zhu claimed.
Mirror World also provides the Smart Marketplace SDK, which enables developers to incorporate a nonfungible token marketplace into their decentralized apps and Sonic.
This option, priced at $299 per month with a $1 million monthly transaction volume cap, adds even more value to the Web3 gaming scene.
Other News
In an interview with a leading media outlet at the BUIDL Asia Conference, the co-founder of Near Protocol, Illia Polosukhin, notes that the chain abstraction could induce the next transition of the crypto and Web3 mandatory for mainstream adoption.
OpenAI has recently launched a new voice cloning technology called “Voice Engine.” Based on the available information, the launched product can replicate human voice and other voice patterns from a few small samples.
Solana Price Overview
Solana (SOL) surged significantly and reached $197.10 as of writing, a significant movement in trading price since 2024 beginning. In the past 24 hours, the trading volume of SOL has flourished by 32.83% and the market cap by 5.93%.
CoinMarketCap ranks SOL as the 6th most prominent crypto in trading volume and 5th in market capitalization. The current price of SOL indicates a majority chance that the token might break its 52-week high of $209.70.
Some archive data sources state that there are over 350 projects listed on the Solana Blockchain, the second biggest after the Ethereum blockchain. The blockchain became popular as it offered one of the fastest transaction speeds compared to others.
Crypto Market Price Update
Since the beginning of 2024, the crypto market has flourished suddenly, adding over 59% in the past three months. The market leader, Bitcoin, has recorded an all-time high of $73,000.
Similarly, Ethereum, the second most prominent cryptocurrency in the market, has extended its price. At the time of writing, it was trading at $3,544.25. Some analysts claim that the news of Ether spot ETF backs the spike in the price.
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
