The announcement came during the latest Solana Breakpoint, the annual conference hosted by the Solana Foundation.

Solana, known for its fast transaction speeds and low fees, has become one of the most versatile Blockchains in the crypto space. It’s made a name in decentralized finance (DeFi) and Web3 gaming. The network’s ability to handle thousands of transactions per second, all while maintaining security, has been key in attracting developers eager to unlock the full potential of Blockchain-based gaming.

Web3 and video games? Absolutely! This exciting fusion of technology and entertainment goes beyond titles like ‘Illuvium’, ‘Gods Unchained’, and the popular ‘Axie Infinity’. Need an example? Recently, Solana announced its debut in the gaming console space with the Play Solana GEN1 (PSG1), a portable console reminiscent of Nintendo’s iconic Game Boy Color.

This new device lets users earn rewards while gaming and enjoy the charm of retro style. The Play Solana comes with a built-in hardware wallet, making it easy to take advantage of fast, secure, and affordable transactions. The device’s official account on X noted that early buyers will receive discounts, airdrops, and other exciting perks.

“PSG1 is the first handheld Web3 gaming device built on the Solana blockchain by Play Solana. It seamlessly integrates with blockchain technology, offering a built-in secure hardware wallet, access to exclusive features, and a revolutionary gaming experience for the next generation of gamers.

By joining our Play Solana NFT collection, you’ll gain early access to PSG1, exclusive updates, and be among the first to get your hands and play on PSG1”.

—Taken from the official console website.

With preorders now open, the Play Solana is creating quite a buzz. The developers are eager to form partnerships and welcome proposals from creators who want to add native Web3 games. Additionally, early users will receive a portion of the Play Solana SPL token upon purchase, though specific details about the token’s economics haven’t been revealed yet.

• We recommend checking out this article: Cryptocurrencies and Gaming: New Experiences for Gamers.

The PSG1 announcement comes at a great time for SOL, Solana’s native token. As of this writing, recent data shows that SOL has risen by 9.52% over the past week and is currently trading at $144.29, according to CoinMarketCap. Over the past year, SOL has experienced a remarkable increase of 644.02%; back in October 2023, its value was just over $29.