‘Off the Grid’ GUN Token Expanding From Avalanche to Solana—Here’s Why

by shayaan

In short

  • Gun will be launched on Solana this Thursday, after originally only launched on Avalanche.
  • The expansion is intended to reduce the investment barrier, but it is also part of a broader “multi-chain ethos” for Gunzilla games.
  • Gunzilla Games director of Web3 Theodore Agranat hinted that the token will also expand to other networks.

Roster‘s Gun token is set to expand to Solana on Thursday after he was originally launched exclusively Avalanchewho drives the dedicated L1 network of the Battle Royale Shooter, Gunz. A Solana theme package has also been released for the game, so that the expansion of the ecosystem is marked.

The move is largely motivated by reducing the barrier before entering users to buy the guns, as well as part of what an official X post called The “multi-chain ethos” of the project that can contain other chains can also be on the route map in front of the gun.

“This is in line with our goal to make the Gunz marketplace and its items, as well as all games within the Gunz ecosystem, accessible to everyone -in every chain,” Gunzilla Games -director of Web3 Theodore Agranat said Decrypt.

When you are pressed or the Solana version of Gun can be used on the Roster Marketplace on the launch day said Agranat: “Maybe.” In response to DecryptThe question marks about which chain pistol could expand, he did not respond immediately, but said Decrypt Was “asking the right questions.”

After the news, the weapon smoking expanded its daily losses, with a dive of 11% during the last 24 hours to a current price below $ 0.036, per details of Coentecko.

See also  Ethereum and Solana in the 'Strategic Bitcoin Reserve'? Rationale Is 'Unclear', Says Bernstein

“We want to be the best place to launch a token, and for you to realize: OK, I can make contact with users who believe in my product, have conviction in it, and can solve this market to the accurate price for my token,” Jerry Lisaid business development employee at the Solana Foundation, on one X spaces.

“The schedule is a good example of that, right?” He added: “It is a project that blooms on the web2 side and we want to ensure that the same photo is translated into the web3 performance.”

The guns smoking is currently the 73rd largest gaming -token per market capitalization, according to Coentecko. But given the own controversial schedule of the schedule between crypto games and successful launch to web2 players, the Token’s launch of March Was not with a flurry of question. Now it has fallen 69% compared to its peak price.

In the meantime, Van de Rooster market has continued to see the growing turnover, because according to $ 666,600 in volume it processed in the last 30 days, according to Fiddling radar. As part of this growing crypto economy that is linked to the game, large in-game skin sale started to roll in. This includes the Tacoma -pioneerthat was sold for $ 5,499 on Monday.

That is the reason why the substantial decrease in pistol smoking of his highest point of all time has been confusing for some investors, because the players’ base of the game does not seem to lose any interest. Traders hope that the expansion to Solana will stimulate the valuation of the token, even if the initial price action after the announcement has not shown it.

See also  Bull vs. Bear Markets: What They Mean for Bitcoin and Crypto

“I think that the most important effect that this movement will have, is accessibility to newer investors and lowers the barrier to access, to learn versus about a new chain to buy,” Pseudonym of the Rooster NFT Skin Collector Money Magician told Decrypt. “Maybe not a direct effect, but it will be a positive motivation for [GUN’s price]. “

It is important to note that existing weapon socks on the Gunz Avalanche L1 remain, although there will be an option to bridge this assets to Solana if the user wishes. Ultimately, there will be no Solana-related changes in the Gunz network, the wallet or the game itself.

Skin traders told Decrypt That the addition of Solana support for gun De Naald will probably not move much for the ecosystem. Instead, they are waiting for the possibility for in-game Skins to be tradable on OpenSea. The opening was integration Delated by Gunzilla For a while this month.

“That is when real money will flow in and out of the skins economy,” Money Magician ended.

GG Newsletter

Receive the latest web3 gaming news, hear directly from gaming studios and influencers who treat and receive the space-ups from our partners.



Source link

You may also like

Latest News

Copyright © Sovereign Wealth Signals