Solana SOL token symbol in soap bubble. The financial pyramid will burst soon and destroyed. Vector illustration.
Solana-powered games get listed on the Epic Games Store after Web3 games on the platform increased from 10 in January to 78 in November.
The asset (SOL) has also been predicted to trade at a minimum of $90, and a maximum of $108 before the year ends.
While Solana (SOL) remains one of the best-performing crypto as of press time with a 187 percent surge in the last three months to trade at $60, games powered by the blockchain are getting listed on the Epic Games Store. The number of Web3 games on Epic Games Store was 10 in January.
As of October, it had increased to 69 according to Game7’s 2023 State of Web3 Gaming Report. Decrypt has also confirmed that the number has increased to 78 this month. One thing to note is that most of these games are in early access. They reflect the open approach of Epic Games in hosting titles that have crypto or AI elements. This puts it ahead of competitors including PC game launcher Steam.
According to reports, Solana has more than 125 games in its ecosystem. This makes it the fourth most popular blockchain for game developers and the “top most popular non-EVM chain.” The Solana-based games listed on the Epic Games Store range from sci-fi MMOs to fantasy pet battlers. Star Atlas, for instance, is a sci-fi MMORPG that uses Solana for its token and NFT.
According to the early access footage of the game, there is an environment consisting of spaceships, modern structures, and futuristic apparel. There is a third-person perspective playable character.
In July, ATMTA co-founder and CEO Michael Wagner reported that 122 people had been laid off from the team.
We did have to lay off about 122 people from the team. so there’s a sizable reduction in the labor force.
ATMTA CEO Speaks About the Industry as Solana Poised for More Surge
Wagner further explained that the downsizing could impact the game development in terms of building the robust Unreal Engine.
The biggest impact is probably to our flagship product line, the Unreal Engine team. That’s where we saw major reductions in our co-creation studio engagements…While we make money every single month, we did not make enough money to cover the expenses of an AAA team that has a multi-million-dollar monthly run rate. So we’re scaling down the team to a more sustainable rate to get those products out, specifically focusing on the economy activation.
Recently, Solana launched the beta version of the GameShift, a platform that simplifies the integration of Web3 features into games. As part of the offers to be benefitted by game developers, GameShift would provide a single and easy-to-use API to handle the complexities of blockchain.
Solana is currently the 6th largest crypto with a bullish market sentiment and a score of 79/100. In the last 30 days, the asset would surge by 107 percent. This added $31.27 to the previous value of $29.20 and sent its market cap to $25,475,520,289. In the last seven days, the asset has surged by 4 percent.
Analysts believe that Solana still has the potential to continue its upward trend as a price prediction platform predicts that the asset could trade at a minimum price of $72.57 before the year-end. On average, Solana could finish the year at $90.71 and could go as high as $108.86 before the year ends.
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