Solana Has ‘Many Flaws’, Claims Crypto Fund Founder
In a thread shared on X, Justin Bons—Founder and Chief Investment Officer of Cyber Capital, a fund he describes as Europe’s oldest cryptocurrency fund—set out a pointed critique of the Solana blockchain. He accuses Solana of suffering from numerous flaws, including repeated network outages, centralizing pressures through demanding hardware requirements, and what he views as […]
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Grayscale Investments has added solana and uniswap to its large-cap investment fund. This is the first time solana has been added to a Grayscale fund. The company now offers 15 funds, two of which are diversified portfolios.
Solana and Uniswap Added to Grayscale Fund
Grayscale Investments, the world’s largest digital currency asset manager, announced Friday the quarterly rebalancing of its two diversified portfolios: the large-cap fund and the defi (decentralized finance) fund.
For the Grayscale Digital Large Cap Fund (OTCQX: GDLC), the company sold some of the....
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 has revealed the launch of a $100 million fund dedicated to Web3 startups in South Korea. According to Solana Labs’ general manager Johnny Lee, the capital will be dedicated to non-fungible tokens (NFTs), decentralized finance (defi), and game finance (gamefi) development.
Solana Ventures Reveals $100 Million Web3 Fund Dedicated to Finding Talent and Innovative Startups in South Korea
Proponents behind the smart contract protocol Solana plan to expand into South Korea by offering a Web3 fund worth $100 million to startups and developers creating Web3....
Solana is one of the trending blockchains. It emerged to offer similar operations as Ethereum while improving on some of its faults. The notable feature of SOL is its fast processing capacity, as the network claims to process over 65.000 transactions per second. Also, it offers high scalability, among other functionalities. Related Reading: Google Becomes […]
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....