Solana TVL and price drop 50%+ from ATH, but gaming DApps could turn the tables
SOL price is down 48% year-to-date and data shows that its decentralized apps use is fading out, but there are a few reasons to remain hopeful. 2022 has not been a good start for cryptocurrencies and to date, the total market capitalization has dropped by 21% to $1.77 trillion. Solana's (SOL) correction has been even more brutal, presenting a 48.5% correction year-to-date.Solana (blue) vs. Ether (orange), AVAX (purple), BNB (yellow). Source: TradingViewSolana leads the staking charts with $35 billion in value locked, which is equivalent to 74% of the SOL tokens in circulation. Multiple....
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The new shop entertained about 400 crypto-curious guests on opening day, and hopes to host even more as other stores are opened across the U.S. and the rest of the world. Solana Spaces CEO Vibhu Norby said the new physical Solana stores will introduce up to 100,000 people per month to the Solana ecosystem, while also signalling plans to open a virtual storefront in the near future.Utilizing a grant from the Solana Foundation, the first Solana Spaces shop opened in the swanky Hudson Yards New York shopping center on July 28. Addressing the community in a impromptu Twitter AMA on launch day,....
Solana Ventures, the investment arm of the Solana blockchain, FTX, and Lightspeed, a venture capital firm, have announced the launch of a joint web3 gaming initiative. The fund will have $100 million at its disposal to invest in gaming projects using blockchain-based systems in the Solana network. The fund has already made its first investment in Faraway, a Solana-based gaming company.
Solana Ventures, FTX, and Lightspeed Put Funds Behind Blockchain Gaming
A new blockchain gaming fund has been launched by Solana Ventures, the investment arm of the Solana blockchain, FTX, and....
Solana Ventures, the investment arm of Solana Labs, has announced a new investment fund to bring more Web3 products to its network. In partnership with Forte, a company that provides tools for blockchain integration on games, and Griffin Gaming, a VC company invested in the global gaming market, Solana Ventures will open a $150 million fund.
Solana Ventures to Incentivize Game Development
Solana Ventures, the capital arm of Solana Labs, has launched a new fund to entice developers to build gaming applications on top of Solana. The fund, which aims to put $150 million in the hands....
Ever since the crypto industry gained momentum, Bitcoin ($BTC) and Ethereum ($ETH) are the two names that have been dominating the market. No one ever managed to come close. But the tables turned in 2022. For the first time ever, Solana ($SOL) has managed to beat both in multiple areas. $SOL experienced an all-time low […]
What to Know: Bitcoin’s Layer 1 is highly secure but limited by slow throughput, high fees, and no native smart contracts, restricting payments, DeFi, and everyday on-chain activity. Demand is rising for a system that pairs Bitcoin-level trust with Solana-grade speed, creating a clear market gap for scalable, programmable Bitcoin Layer-2 solutions like Bitcoin Hyper. Bitcoin Hyper launches a high-performance Bitcoin Layer 2 with SVM integration, enabling faster-than-Solana execution for wrapped BTC across payments, DeFi, NFTs, and more. With ultra-low-latency processing and SVM smart....