Author Archives: SOLANA NEWS REPORT

The Viability of NFTs on Polygon Chain: Recent Concerns and Potential Growth The Non-Fungible Token (NFT) market has experienced tremendous growth in recent years, with many investors and artists flocking to the space to create and trade unique digital assets. However, there have been recent concerns about the viability of NFTs on the Polygon chain,[Read more…]

OpenAI’s ChatGPT to Enable Interactions with Solana Blockchain Users of the Solana (SOL) blockchain will soon be able to interact with the network through an open-source plugin enabled on OpenAI’s ChatGPT, an artificial intelligence (AI) chatbot. According to a tweet by Solana Labs on April 25, the plugin will allow ChatGPT to check wallet balances,[Read more…]

Solana Network Users Can Connect via Open-Source Plugin on ChatGPT Solana Labs is a blockchain firm that is now focusing on Artificial Intelligence. On April 25, 2023, the company announced that it would offer $1 million in funding for projects that create AI tools on Solana. One of the new features that Solana Labs has[Read more…]

Solana Foundation Now Collecting Real-Time Carbon Emission Data The Solana Foundation recently announced that it has started collecting statistics on its carbon emissions in real-time. This move is considered to be a first for a major smart contract blockchain network. Smart contracts store the code that runs Dapps and NFT projects. Solana will regularly update[Read more…]

The Solana Foundation’s Initiative to Track Carbon Emissions from Blockchain Carbon emissions from blockchain networks have become a hotly debated issue over the last few years. With a large network of servers and computers, they guzzle enormous amounts of electricity to execute transactions and mint new tokens. Bitcoin [BTC], for instance, emitted a whopping 54[Read more…]

The Recent Solana Price Analysis: A Bearish Trend The latest Solana price analysis indicates a high probability of an imminent downturn as the bears strengthen their position. The value of the coin has suddenly dropped to $21.27, signaling a strong bearish trend. This rejection of the coin is a bad sign for future market occurrences.[Read more…]

What Does the Future Hold for Solana in 2023? Solana has been one of the most volatile cryptocurrencies in the past six months. Despite this, it remains a top-10 asset by market cap in the crypto sphere. This indicates that investors and holders still trust Solana, which is sometimes called the “Ethereum killer” by some[Read more…]

Solana Sees Momentous Uptick in Development Activity in Preparation for Helium Transition Solana, a project with its own layer 1 network, has made history by opting to switch and be hosted on another layer 1 blockchain. The project has seen a significant increase in development activity in recent days, largely associated with preparations for the[Read more…]

Prominent NFT project Solana Monkey Business now owned by independent collective of holders Solana Monkey Business (SMB) is one of the most valuable and prominent Solana NFT collections, and the project has been steadily supported by MonkeDAO—an independent collective of SMB holders. And today, the DAO announced that following disputes with the creators and the[Read more…]

FTX-backed Startup Forced into ‘Cockroach Mode’ after Funds Vanish within 6 Weeks Armani Ferrante, the former Alameda Research engineer and founder of Coral, had just raised $20 million from FTX and others when the exchange started imploding. Ferrante and his co-founder were on a flight from Lisbon when they were trying desperately to figure out[Read more…]