“People that come into our stores may not know a single thing about Web3, Solana, blockchain, or any of those things, just the same way that people that come into Boba Guys may not know anything about boba,” said Chen. “We have that same approach with how we’re doing Web3.” Source
A distinctive feature Saga has is the “Solana Mobile Stack” (SMS) that links crypto functionality to the phone. Solana Labs’ web3 smartphone Saga is ready for launch, and plans are in place for its public sale on the 8th of May. The company revealed that it has started shipping to customers who pre-ordered. Saga is finally ready about 10 months after Solana CEO Anatoly Yakovenko announced that the company would produce a web3 Android smartphone. While announcing the phone in New York City, Yakovenko said he believed that it is…
In February, decentralized Solana trading protocol Hadeswap acquired SMB from its original founders and transferred its ownership to HadesDAO, promising to respect the project’s legacy. On Thursday, HadesDAO passed a proposal that would allow MonkeDAO to purchase the SMB intellectual property (IP) including “all rights, assets, accounts and keys from HadesDAO” for $2 million USDC. According to the proposal, this includes any legal registrations for the brand, SMB website code, ownership over the SMB Twitter and Discord channels and more. CryptoX Portal
“In the coming months we will integrate incredible, rewarding Bonk-powered games, add innovative trading features like options, and perpetual futures powered by HxroNetwork, and expand liquidity to make trading Bonk easier than any other token in Solana,” Bonkswap developers tweeted. Source
The Solana Foundation has revealed that minting 1 million NFTs on Solana now costs much less, owing to a new technology that helps to substantially lower costs by introducing an innovative mechanism to store NFTs on-chain. Solana introduces state compression Despite its comparably low fees, the price of minting NFTs on Solana can still be a barrier for some artists and collectors. A new technology will be helpful in this situation. Recently, there have been advances in the Solana ecosystem that could make NFT minting prices even lower. State compression…
Layer-1 blockchain Solana has released a new solution aiming to drastically reduce the cost of on-chain storage. Called state compression, the technology promises to bring down the cost of minting 1 million nonfungible tokens (NFTs) on the network to nearly $110. “After numerous phases of development, adoption, and rollout, compressed NFTs are live on Solana’s mainnet-beta and powering the next wave of novel on-chain product experiences,” said Solana Foundation tech lead Jon Wong in a blog post on April 6. According to Wong, compressed NFTs “are 2,400-24,000x cheaper than uncompressed” peers…
With the Ethereum ecosystem regarded as the epitome of the decentralized financial ecosystem, POG Digital anticipates attracting more volume than Solana. POG Digital, an authentic 90’s game and collectibles brand, is set to launch on the largest DeFi ecosystem, Ethereum, after a successful debut on the Solana ecosystem last year. According to POG Digital, the minting of NFTs on the Ethereum network will kickstart on April 6 with a supply of 4,444 units. The expected floor price of the POG NFTs on the Ethereum network during tomorrow’s mint is about…
The price of Solana (SOL) fell nearly 95% in 2022, partly due to its association with tainted crypto entrepreneur Sam Bankman-Fried and his collapsed ventures FTX and Alameda Research. But so far in 2023, things have improved for the SOL price. Solana price doubles in Q1/2023 Solana’s price has risen 104% to around $20.60 per SOL in the first quarter of 2023, the highest gains compared to any cryptocurrency in the top-25, including Bitcoin (BTC) and Ether (ETH). Solana beats top-ranking assets’ Q1/2023 returns. Source: Messari In fact, January was Solana’s…
CryptoX – Cryptocurrency Analysis and News Portal The popular project, which launched in September 2022, is using a cross-chain bridge to bring its 15,000-edition generative art collection to Polygon. Source The post NFT Collection Y00ts Makes Anticipated Move From Solana to Polygon appeared first on CryptoX. CryptoX Portal
“The decision whether to continue with Polygon versus moving to Solana sparked a spirited debate between the pros and cons of each, with support for Solana’s runtime, developer community, low transaction fees, and speed contrasting Polygon’s centralization, reorg tendency, and user experience concerns,” the proposal reads. Source AheadEyesMigrationNetworkrenderSolana CryptoX Portal