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Sui Network & Gaming
The Sui Blockchain: The Perfect Gaming Ecosystem Mysten Labs, a San Francisco based blockchain company owns Sui technology. Sui is a zero latency, high throughput, Proof-Of-Stake layer 1 blockchain like Ethereum, Avalanche, and Fantom— built using the Move language (a blockchain model developed for the Meta-backed Diem). Diem, formally called Libra, is a permissionless payment system for stablecoins; the project came with its own native currency. Now, Diem is defunct. However, it left behind some of the assets it shipped during its time: Move language and Move Virtual Machine (MVM). All open source. Being open source, projects like Sui and Aptos built their system using Move. While Move is a language like Solidity and Haskell, it bests others as it helps programmers avoid the pitfalls inherent in other blockchain programming languages. MVM is a virtual machine like EVM (Ethereum Virtual Machine) built to help deploy smart contracts for Move-native layer 2s. Although Sui isn’t the only blockchain utilizing Move, it is taking its own path by improving Move to form what is known as Sui Move.
Why Is Sui Blockchain suitable for gaming projects?
Infrastructure The move language is basically an object-oriented smart contract programming language—a traditional framework for gaming projects. Mysten Labs has raised $300million worth of series B funding at a $2B valuation. And NCsoft, a leading South Korean gaming behemoth, went in the investment round as a first-time Web3 investor because Sui promises to be a primary infrastructure for Web3 games.
What Are Sui’s Core Infrastructure Advantages?
- Scalability: Sui has zero latency i.e instant finality. This makes life easier as these issues cause problems in web3. Problems like slow games, expensive DApps, loss of funds, overpriced asset floor prices due to skyhigh gas fees, etc.
- Security: Sui programmed assets to be self custodial through auditable smart contracts. And if some validators decide to be malicious, the system is fault tolerant.
Founders of Mysten Labs played huge roles at Novi, a product Diem piloted. The coherence of aim and passion has come a long way. Moreover, some key players in the team have super gaming products shipping at Big Tech. Koh Kim, former Head of Development at Google Play Games, is now Head of Ecosystem at Mysten Labs. With 15+ years building and scaling consumer tech, gaming and e-commerce companies, she has Scaled gaming business 10x to $10B annual revenue at Google Play.
Meadow Gaming Launchpad
Every layer 1 blockchain ecosystem boasts of various launchpads that help incubate and launch new projects, Meadow is a decentralized web3 incubator launched on Sui Blockchain.
What’s in Meadow for Gaming Projects? Meadow’s team boasts of tech veterans, and a former game developer—with vast experience in team management and coordination of projects with over 50 million installs—as its Chief Development Officer (CDO).
Meadow chose Sui because of the myriad of features it presents. There have been many layer 1s in the web3-verse but their stay have been ephemeral. However, Mysten Labs’ recent fundraise shows they’re going to be around for a while.
As earlier mentioned, Sui’s asset-focused programming language makes it the best place for gamers. And Meadow is there to help Sui greenhorns get acquainted and navigate the Sui-verse.
Meadow’s Initial Game Offering (IGO)
It’s been a rickety year for crypto as the bear rages on; even the FTX deluge continues to ripple across the crypto-verse and beyond. However, as crunchy as things are, the gaming sector is still thriving and soaring. In 2022 Q3, the blockchain gaming and metaverse projects raised around $1.3billion according to DappRadar—an amount non-suggestive of the current dire straits the crypto world is in.