Blockchain infrastructure company and the original contributors to Sui and the Walrus Protocol, Mysten Labs, has announced the acquisition of gaming infrastructure Parasol in an effort to supercharge gaming on Sui and enable developers to more easily create high-quality web3 gaming experiences.

What Does Mysten Labs’ Acquisition of Parasol Bring to the Sui Network?

By acquiring Parasol, Mysten Labs is showing their commitment to growing the blockchain gaming ecosystem on the Sui network, with the startup set to "supercharge” gaming growth on this chain by making it easier for developers to deliver better on-chain games for everyone to enjoy.

Kai Chen, the CEO of Parasol, said the following in the official announcement:

“We’ve been watching Sui’s constant innovation and evolution since mainnet launch, and now, thanks to Mysten’s leadership and resources, we’re poised to supercharge the growth of the Sui gaming ecosystem. Together, we’ll enable developers to bring innovative, high-quality gaming experiences to life.”

The startup provides game developers with an end-to-end platform that makes blockchain integration into various games a seamless process. This tech company offers developers REST APIs that are simple to use and capable of providing access to important web3-powered features related to on-chain gameplay, marketplaces, and in-game item tokenization. All of this will be offered to developers exclusively on the layer 1 blockchain, “without compromising game quality”.

Next to making web3 game development more accessible on Sui, this acquisition will also lead to a variety of Parasol’s gaming partners joining the growing gaming ecosystem on this chain. Details on which partners are in question were not revealed in the announcement, but more info on them should be coming soon.

The CEO and Co-Founder of Mysten Labs, Evan Cheng, added:

“The team at Parasol will significantly expand the reach of the Sui gaming ecosystem, as they’re bringing with them an established network of top-tier gaming partners. Stay tuned – we’ll be able to share more about these partners very soon. I can’t wait for everyone to see what we’ve been working on.”

About Parasol

Parasol is a gaming infrastructure company that is said to consist of Japanese and American gaming experts who are inventing, building, and shipping “category-defining gaming hardware and software.” They are creating a gaming-focused infrastructure platform on Sui to make it easier for developers to integrate web3 features into their games without sacrificing quality.

Their infrastructure is said to have reliable and secure systems that enable the creation of open, scalable, and interoperable. Next to building dApps powered by the Sui backend, the platform makes player management, on-chain collectibles creation, and marketplace formation easier. Developers get the ability to easily set up frictionless player authentication and registration, generating managed wallets for players to provide a seamless and unobtrusive blockchain gaming experience. Using marketplace APIs, developers are able to directly integrate item trading, marketplaces, shops, and crafting into their games. Creatives can also easily set up and issue in-game currencies and tokenized items while still being able to add dynamic attributes and interactivity.

Explore their official documentation to learn more about how you can use their systems to create blockchain games on Sui.

About Mysten Labs

Mysten Labs is a blockchain tech company creating critical infrastructure to help deliver a more decentralized internet. They’re the original contributors to Sui and Walrus Protocol, the latter being a decentralized data storage protocol currently live in testnet. Next to building various platforms and protocols to shape the future of the internet, they’re also devoted to growing web3 gaming on Sui to make it even more accessible to a wider web2 gaming audience while also making it easier for game developers to enhance their titles and bring their ideas to life using blockchain technology.

Next to the latest acquisition of Parasol, Mysten Labs is also supporting a variety of web3 games, such as Xociety. Last year, Mysten Labs partnered with Playtron OS to develop the SuiPlay0X1, the first blockchain-based handheld gaming device.