FTX CEO and Solana co-founder offer advice for building Web3 ecosystems
FTX CEO Sam Bankman-Fried and Solana co-founder Anatoly Yakovenko shared valuable insights for early-stage Web3 founders during a virtual summit. The blockchain ecosystem is constantly evolving, yet there always seems to be one overarching sector dominating at a given time. For example, decentralized finance (DeFi) projects received an impressive amount of venture capital funding in 2021, making it the most invested sector last year. Findings further show that nonfungible tokens (NFTs) were the second most invested sector, while Web3 and infrastructure ranked third. Now, Web3 is proving to....
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There are many opportunities in the Web3 and metaverse space. Excitement is building, and projects are coming to fruition. However, there needs to be a stronger focus on interconnecting the virtual worlds, as society doesn’t need more siloed ecosystems. Connecting Metaverses Is Essential While one must apply the teams building their metaverses, some criticism is […]
Sandeep Nailwal, the co-founder of Polygon, encouraged Solana community members to keep on building. With Solana (SOL) being heavily affected by the FTX debacle, Crypto Twitter expressed sympathy and hopes that its community can make a comeback. Being one of many coins that FTX CEO Sam Bankman-Fried (SBF) supported, SOL has been hit heavily amid the FTX collapse. On Nov. 10, the total value locked on the Solana chain has fallen by 32.4%. The SOL token lost almost half of its value, dropping in value from $38 on Nov. 5 to $17 at the time of writing. Because of the devastating things....
The Web3 development platform and infrastructure provider will support Solana-built applications, despite the blockchain halting multiple times in 2022. In an announcement published by Alchemy just one day after the Solana network temporarily halted on June 1, the Web3 development platform and infrastructure provider announced its support for the controversial blockchain.Caused by a bug that made it impossible to reach network consensus, the Solana blockchain was halted for approximately four hours on Wednesday. This isn’t the first time the system has been compromised, as normal....
The blockchain unicorn created Web3 Engine as a developer tool set targeting DeFi, GameFi and NFT products and services. Digital asset custody platform Fireblocks has launched support for Solana, giving its thousands of users access to the developer network’s applications and infrastructure. Beginning Tuesday, Fireblocks users will have direct access to Solana’s various decentralized finance (DeFi) and Web3 applications — a move the company says will directly benefit “alternative asset managers” and “capital market participants.”“Thousands of businesses use Fireblocks to access novel Web3....
Under the Crypto Browser project initiative, Opera's multi-chain compatibility aims to ease the introduction of Web3 to more than 380 million mobile and desktop users worldwide. Opera, one of the major crypto-friendly internet browsers, announced the integration of eight blockchains in a continued effort to introduce Web3 to more than 380 million mobile and desktop users worldwide.In Jan. 2022, Opera launched the Crypto Browser project, a Web3-focused initiative for facilitating navigation across decentralized applications (DApp), games and metaverse platforms. As part of this initiative,....