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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

August 2, 2024
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Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem
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The Metaplex Foundation has unveiled a strategic deployment of its product suite on Sonic SVM, marking the first gaming Layer 2 (L2) solution on Solana. This move will allow game developers to leverage the advanced innovations that have positioned Metaplex as a leader in the digital asset protocol space on Solana.

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In a groundbreaking collaboration, Metaplex will deploy its on-chain programs and developer tools on the Sonic SVM chain. This joint initiative represents a significant milestone as it marks the first instance of Metaplex deploying its products beyond the Solana mainnet. The collaboration aims to foster the development of exceptional gaming experiences on the SVM chain.

Metaplex Foundation Director Stephen Hess said: “Together with Sonic, we’re taking a significant step forward in delivering more performant and secure infrastructure for digital asset creators and developers. Metaplex developers can now build powerful applications that are fully compatible with Solana while benefiting from the advantages of the dedicated Sonic SVM L2.”

A New Era for Gaming on Solana

Popular Metaplex programs such as Token Metadata, Candy Machine, Bubblegum, along with new standards like Core and MPL-404, will now be accessible on Sonic SVM’s devnet, testnet, and mainnet. This expanded availability is poised to enhance the capabilities and reach of game developers within the Solana ecosystem.

Chris Zhu, CEO of Sonic SVM, said: “We have developed the HyperGrid Framework with a multi-SVM ecosystem in mind that runs on top of Solana. We’re very excited to work with Metaplex on developing new and innovative technologies that will be used not only within our ecosystem, but across all other SVMs.”

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The participation of Metaplex in the Sonic SVM testnet is expected to significantly expand Sonic’s ecosystem and improve the developer experience for those looking to launch decentralized applications (dApps) on new SVMs. This initiative will lay a robust foundation for the anticipated launch of the Sonic SVM mainnet, ushering in a new era of scalable Web3 gaming.

Zhu further added, “The Metaplex team has proven its capability with its previous work developing the infrastructure that underpins digital assets on Solana and we are looking forward to powering the next generation of Web3 games together, starting with Sonic.”

Metaplex is renowned for being at the forefront of blockchain technology, providing a leading platform for creators, developers, and businesses to build decentralized applications on Solana and the SVM. Known for powering digital assets, including NFTs, fungible tokens, RWAs, and gaming assets, Metaplex stands as one of the most widely utilized blockchain protocols and developer platforms, boasting over 550 million assets minted across 55 million unique wallets.

Sonic, built on the HyperGrid framework, is a pioneering gaming L2 solution designed to introduce customizability and scalability while maintaining native composability with Solana. As the first atomic SVM chain, Sonic is engineered to enable sovereign game economies on Solana, facilitating seamless roll-up and settlement on the Solana network.

The collaboration between Metaplex and Sonic SVM signifies a monumental step forward in the blockchain gaming sector. By combining Metaplex’s robust digital asset infrastructure with Sonic’s innovative L2 solutions, the partnership is set to revolutionize the development and deployment of Web3 games, providing developers with the tools and support needed to create next-generation gaming experiences on Solana.

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Tags: deploysEcosystemEnhancinggamingMetaplexProductSolanasSonicSuiteSVM

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