Solana founder sees potential for growth in blockchain-based gaming in 2023 by DailyCoin

• In an interview with Fortune Magazine, Anatoly Yakovenko discussed his perspective on the future of blockchain-based gaming into 2023.
• The main message conveyed through the interview was that smaller creators, such as artists, can be enabled to create full-time, as they will have much stronger guarantees for creative rights and income.

Blockchain founder Anatoly Yakovenko believes the future is bright for blockchain-based gaming, adding that creators can stand to get a lot of value for their creations.

Anatoly Yakovenko’s vision for the future of blockchain-based gaming

In an interview conducted by Fortune Magazine, Yakovenko said that he would like to see smaller creators, who contribute to Web 3.0 games alongside their regular full-time jobs, be given the opportunity to switch to full-time creative jobs instead, so that they can bring their talent to its full potential.

Yakovenko envisions a future version of the metaverse, where everything is protocol-based. In this future, millions of smaller creators will be able to work on their creative ideas full-time, due to contributing to a giant economy.

The main appealing points mentioned throughout the interview included the low fees of blockchain-based platforms and how the Solana blockchain can provide reliable, cheap and fast NFT use cases.

Yakovenko highlighted some of the benefits of blockchain-based gaming, including the Play to Earn (P2E) model, along with the availability of royalties on future sales of non-fungible tokens (NFT) created by creators, thus providing much stronger guarantees for creators in terms of rights and income.

Solana’s historical performance and hurdles

Solana has historically been plagued with reliability issues due to repeated network outages and downtime.

Throughout the Solana Breakpoint conference, Yakovenko addressed the issues that undermined the network’s progress, and claimed that solutions have since been implemented.

Solana has engaged in a number of partnerships, such as with Google (NASDAQ:) Cloud, where they announced that they would run a block-producing validator on the network. Meta’s Instagram also added support for Solana NFTs on the platform.

On the other side

• Many competing blockchains and Layer-2 solutions have already established themselves as the go-to solutions for GameFi, with Gala Games (GALA) and Wax (WAXP) being prominent names.
• Hundreds of Web 3.0 games are constantly in development, according to data from DappRadar, indicating a bullish outlook for the future of blockchain gaming due to the increased interest, demand and production expected to follow.

Why you should care

With so many companies and independent developers pushing for blockchain-based gaming, it’s clear that there is genuine interest in the products and services the gaming sector has to offer.

Yakovenko’s view of the sector’s future, for 2023 and beyond, is likely an indication that Solana will look to drive the development of GameFi projects even further.

Some developers may now see the Solana blockchain as a viable solution that offers low fees and high throughput.

Find out more about the usage rate of Play to Earn titles globally:

India ranks #1 in global usage of Play-to-Earn and NFT games

Find out gaming billionaires’ thoughts on Play to Earn Gaming:

Steam CEO Billionaire Gabe Newell Comments on NFTs, Play-to-Earn Gaming and Crypto

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