Author Archives: decrypt.co

Helium Founder Explains Why the Crypto Wireless Network Is Moving to Solana

Helium, the crypto-powered wireless network, will officially move from its own blockchain to Solana following a community vote on a proposal. Ultimately, over 81% of the token-based votes went in favor of the migration. And it could happen quickly. The Helium Foundation announced a Q4 launch for the transition, and in an interview at the Helium House event in New[Read more…]

Helium Community Approves Crypto Wireless Network’s Migration to Solana

Helium, a blockchain-based network that powers wireless communication protocols powered by thousands of individual users, will migrate its own purpose-built Layer 1 blockchain to the Solana blockchain. The network, which initially focused on powering Internet of Things (IoT) devices like sensors and trackers, currently has more than 950,000 nodes, or hotspots, with operators being incentivized with crypto tokens.[Read more…]

Magic Eden CEO: ‘Very Natural’ to Expand From Solana to Ethereum NFTs

Magic Eden, the leading Solana NFT marketplace, continued its expansion to Ethereum today by rolling out support for a handful of major collections, including the Bored Ape Yacht Club, Pudgy Penguins, and Otherside. Additional projects will be added in the days ahead. The “Magic Ethen” push was announced in August as the first step in Magic Eden’s evolution, first revealed back in June when[Read more…]

Metaplex Set to Airdrop MPLX Tokens to Solana NFT Creators

Solana NFTs are on the rise again lately thanks to buzzy projects like y00ts and ABC, and now the creator of the network’s NFT protocol is striking while the iron’s hot: Metaplex has announced plans to launch a token and decentralize its governance via a DAO. Metaplex’s MPLX token was announced over the weekend and will drop today, and NFT creators who[Read more…]

Solana Jumps 7% as Crypto ‘Hotspot’ Project Helium Eyes Merge

It’s been a big day for Solana.  The ninth-largest cryptocurrency by market capitalization has risen by around 7% over the past day.  SOL, Solana’s native token, jumped from $35.2 to $38.87 early Tuesday morning. It has since retraced to $38.27 at press time.   Solana is a speedy, proof-of-stake (PoS) blockchain network that allows many of the same operations[Read more…]

Hubble, Creator of ‘Censorship Resistant’ Stablecoin USDH, Raises $5 Million

On Thursday, Hubble Protocol—the Solana-based decentralized finance (DeFi) protocol behind stablecoin USDH—announced the completion of a $5 million fundraising round. Led by Multicoin Capital, the raise brings Hubble’s total financing to date to $15 million. Past investors in the protocol include DeFiance Capital, Delphi Digital, Crypto.com Capital, Jump Capital, and others.  Hubble markets its signature[Read more…]

Solana NFT Startup Dust Labs Raises $7M as y00ts Tops NFT Charts

Solana NFT project y00ts is off to a hot start since launching last night, topping secondary markets as the NFTs sell for a significant premium over the mint price. And amid the hype over the rollout, the Web3 tech company tied to the project has raised a seed round from some notable investors. Dust Labs, a tech startup linked to[Read more…]

Helium Sinks 15% Following Proposed Move to Solana

Amid uncertainty about a potential move over to Solana, Helium’s HNT is losing value—and it’s now down 47% over the last month. Helium could be set for a major change soon, as the core developers of the crypto-powered wireless network want to move from its own blockchain to Solana. But if Helium’s token price is any[Read more…]

Why Solana Is Going Big on Mobile—And Making a Smartphone

Solana co-founder Anatoly Yakovenko tells Decrypt about its new SMS platform and Android phone, the Solana Saga. In brief Solana Labs revealed a mobile platform called SMS and an Android smartphone device today. Decrypt spoke with Solana co-founder Anatoly Yakovenko after the event. Solana’s teasers leading up to yesterday’s “SMS” event suggested something to do[Read more…]