While the Ethereum blockchain has the community benefit, Competition with Solana is intensifying thanks to the advent of blockchain-based games to win, now simply called GameFi.
Founded by veterans of Scopely and Glu Mobile, the game developer and publisher Faraway announced that the studio raised $ 21 million in a Series A funding round led by Lightspeed Venture Partners and major crypto exchange FTX.. Along with the first round of $ 8 million Faraway now has $ 30 million in total funding from renowned investors in the cryptocurrency ecosystemsuch as a16z, Sequoia Capital, Pantera Capital, Jump Capital and Solana.
The company is developing its flagship title, a browser-based live multiplayer game called Mini Royale: Nations, on the Solana blockchain.. According to the announcement, the team has previously worked on popular games like Disney’s Sorcerer’s Arena, WWE Champions, The Walking Dead: Road to Survival, and Looney Tunes: World of Mayhem.
When asked why they chose Solana over Ethereum from a developer’s perspective, Faraway co-founder Alex Paley told Cointelegraph Ethereum just wasn’t an option due to slow transaction times and high gas fees:
We were specifically looking for a blockchain with fast and cheap transactions, strong dynamics from the ecosystem and a team behind it that we can trust from a technical point of view.
Rust, Solana’s programming language, is also known among game developers compared to Ethereum’s Solidity. Paley admitted that Ethereum and its Layer 2 solutions have a sizable community. However, collecting the tokens you earn is much more difficult with most Ethereum Layer 2 solutions. Solana provides the speed and access to the platform’s native liquidity, Paley added..
While most other blockchains try to stay industry-independent, Paley emphasized, Solana invests a lot of effort and resources in building specific tools and infrastructures to support the needs of game studios that develop games with economy and complex systems in real time..
Commenting on the round of funding, Solana’s creator Anatoly Yakovenko noted that Decentralized gaming is the next frontier in blockchain technology. “The game Faraway is developing has the potential to bring Web3 to hundreds of millions of users“, he added.
Mini Royale: Nations is browser-based and allows players to play on any hardware with an internet browser without the need for installation. “The biggest challenge in creating a browser game is the graphical fidelity that the browser offers,” Alex Paley told Cointelegraph. “However, when the WebGPU comes out, we should see that the graphical fidelity in the browser improves significantly.”
Nevertheless, Browser-based development has significant advantages, the first of which is playing without installation. “All a player has to do is share or click a link, and seconds later they and their friends are playing together in the same session,” says Paley
Since MetaMask, Phantom Wallet and other Web3 wallets are natively integrated into the browser, Developing a browser-based game also makes sense as it makes buying, selling, or trading game assets more convenient.