Cryptocurrency News

Metaplex Expands Core Metaplex Product Suite to Sonic SVM

By July 31, 2024 No Comments
Metaplex Expands Core MPL Product to Sonic SVM

Key takeaways:

  • Metaplex deploys core Metaplex product suite on Sonic SVM, improving developer tools for gaming.
  • Integration includes Token Metadata, Core, Candy Machine (v3/cv3), and new programs like MPL 404 and Bubblegum Product Launch.
  • The collaboration aims to set a standard for SVM chains, starting with Sonic SVM.

Metaplex expands to Sonic SVM to boost gaming development

Metaplex Foundation has announced the deployment of its Solana-based token protocol and core product suite product on Sonic SVM, the first gaming-specific Solana Virtual Machine (SVM). This strategic move will improve the developer experience by providing more robust tools and on-chain programs tailored for gaming on the SVM chain.

In partnership with Sonic SVM, Metaplex will offer its product suite, including Token Metadata, Core, and Candy Machine (v3/cv3), across Sonic SVM’s devnet, testnet, and mainnet. New additions like MPL 404, Bubblegum Product Launch, and MPL-Hybrid will also be part of the integration.

“Our collaboration with Sonic demonstrates a market need for standardization amidst various SVM chains that are launching. With this collaboration, the Metaplex protocol will be adopted for the first time by a pioneering team in the gaming industry, representing a new use case in this vertical and another step into the SVM L2 ecosystem.” –Metaplex Foundation director Stephen Hess

Chris Zhu, CEO of Sonic SVM, emphasized the mutual benefits of this partnership. He said they have developed the HyperGrid Framework with a multi-SVM ecosystem in mind that runs on top of Solana. He also stated that they are very excited to work with Metaplex.

“The Metaplex ecosystem of developers has proven its capability by developing the most widely used NFT standard in Solana and we are looking forward to developing and implementing this standard together, starting with Sonic.” –Chris Zhu, CEO of Sonic SVM

The involvement of Metaplex in the Sonic SVM testnet will expand its ecosystem and provide more opportunities for developers to launch decentralized applications on new SVMs, starting with Sonic.

The bottom line

Metaplex’s integration with Sonic SVM is a great stepping stone in the expansion of blockchain technology into gaming. By providing standardized tools and protocols, this collaboration will improve the development and deployment of gaming applications on Solana’s SVM chains. Doing so will offer new opportunities and capabilities for developers in the web3 gaming space.