Behind the surge in SUI prices: How does the gaming track help Sui Network take off?

avatar
MarsBit
05-08
This article is machine translated
Show original
Today, SUI token price broke through $3.6, with a 24-hour surge of up to 6.5%. This price spike is not coincidental, but a direct result of Sui Network's deep cultivation in blockchain technology innovation and the gaming track in recent years. As a Layer-1 blockchain platform targeting mass adoption, Sui Network is rapidly becoming the industry focus with its unique technical architecture and in-depth layout in the gaming field. Behind all this lies the strategic vision and unremitting efforts of Mysten Labs. On May 7th, Mysten Labs Chief Product Officer Adeniyi.sui (@EmanAbio) posted a heavyweight message on X platform: "At @Mysten_Labs, we've been quietly working on something massive! And we're about to kickstart a movement that brings millions and millions of users to @SuiNetwork." This post quickly ignited community enthusiasm and filled people with expectations for Sui Network's future. Adeniyi revealed that Sui's goal is to attract 3.3 billion gamers into its ecosystem by 2030, a grand vision that not only demonstrates Sui's ambition but also heralds a new era of blockchain and gaming integration. [Rest of the text translated similarly, maintaining the specified translation rules for specific terms]

Technology

After acquiring Parasol, Sui quickly demonstrated strong synergy. Parasol collaborated with SEGA to introduce the classic game "Code of Joker: Evolutions" to the Sui blockchain. The game tokenized in-game cards through Sui's on-chain technology, allowing players to truly own these digital assets and trade them freely on-chain. Even more exciting is the rumor that Pokémon HOME might be collaborating with Parasol, utilizing Sui's technology to implement its "Medals" functionality on-chain. Pokémon HOME's privacy policy update shows Parasol listed as a developer, and its newly launched Medals feature (a tradable digital collectible) highly aligns with Sui's dynamic Non-Fungible Token characteristics. Although this news has not been officially confirmed, the market reacted strongly, with the SUI token price rising over 60% after the news broke.


Ecosystem Expansion and Future Vision: Sui's Ambition

Sui Network's gaming ecosystem is accelerating its expansion. Beyond Parasol's support, Sui has attracted more projects to join its ecosystem. For instance, the Claynosaurz project announced its expansion to the Sui blockchain, launching a new Non-Fungible Token series "Popkins Unleashed" and planning to release a mobile RPG game based on Sui by the end of 2025. This game will be developed in collaboration with Gameloft, supporting iOS, Android, and SuiPlay0X1 (Sui's PC gaming handheld device), demonstrating Sui's multi-platform strategy.

From a market performance perspective, the SUI token's price trend also reflects market confidence. On May 2nd, SUI was priced at $3.3, and by May 8th, it had surpassed $3.6, showing significant growth. SUI's total supply is capped at 10 billion, primarily used for network security, payment, and governance scenarios. As the ecosystem continues to expand, SUI's actual application scenarios are rapidly increasing, providing support for its long-term price growth.

Despite Sui Network showing immense potential, its development path is not without challenges. The popularization of blockchain games still faces regulatory uncertainty, especially in the Non-Fungible Token and tokenized asset domains, where inconsistent policies across countries could impact Sui's global expansion. Additionally, Sui needs to compete with established gaming blockchains like ETH and Polygon, and attracting more top-tier game IPs and developers to its ecosystem will be crucial to its future success.

However, Sui's technological advantages and deep commitment to the gaming field have positioned it favorably in the competition. Adeniyi's mentioned "3.3 billion users" goal, while seemingly distant, may not be unattainable if Sui continues to attract top-tier IPs like Pokémon and empowers more game developers through Parasol's technology. In the future, can Sui truly realize its grand vision and lead 3.3 billion players into the on-chain gaming world? We shall wait and see.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments