Author Archives: theblock.co

Crypto infrastructure company Coral has raised a $20 million strategic funding round co-led by FTX Ventures and Jump Crypto. The company is known for creating the Solana development framework Anchor, but is set to dive into the consumer crypto wallet space with a new product. Other participating investors in the round, which closed in May,[Read more…]

Filip Dragoslavic has been involved in his share of Solana projects. A blockchain explorer, a digital wallet provider and a prize-winning decentralized fund management platform called Solrise. To say he’s a fan would be to state the obvious.   That was before one of his investors nudged him in the direction of a brand new blockchain, Aptos, that[Read more…]

NFT marketplace OpenSea said it would automatically index NFT collections created on the Solana blockchain, making it easier for Solana-focused creators to list on the platform. According to OpenSea, Solana-focused NFT creators will no longer need to apply to list their collections as those will automatically get indexed based on a few criteria. The first criterion[Read more…]

The Helium Foundation has announced the migration of the Helium Network, a decentralized network powering wireless communication protocols, to the Solana blockchain after a successful community vote on the proposal.  The network, which since its inception in 2019 has run its own Layer 1 blockchain, proposed the migration in August via a Helium Improvement Proposal, HIP70. The move aims to[Read more…]

Solana’s move-to-earn web3 app Stepn released notable statistics on Thursday to mark a year in operation.  Users logged over 67 million miles (108,017,738 kilometers) on the app, reaching an all-time high of 1 million users on Jun. 2, 2022 and a total of 4.72 million registered users.  Stepn also earned more than $26.8 million and $122 million in the[Read more…]

Metaplex Foundation, the non-profit arm of the Metaplex Protocol, announced on Tuesday it is launching its own token under the MPLX ticker.  As of today (Sept. 20), through a multi-week claim period, the organization will distribute 14 million tokens to early community members. Those receiving the initial token tranche are early builders on the Metaplex[Read more…]

Token management platform Magna raised $15.2 million at a $70 million evaluation. The funding round was led by venture capital firms Tiger Global and Tusk Ventures, CoinDesk first reported. Shima Capital, Circle Ventures, Solana Ventures, Avalanche Labs and Galaxy Labs also participated in the round, as well as individual investors like DJ Steve Aoki and co-founder and[Read more…]

Token management platform Magna raised $15.2 million at a $70 million evaluation. The funding round was led by venture capital firms Tiger Global and Tusk Ventures, CoinDesk first reported. Shima Capital, Circle Ventures, Solana Ventures, Avalanche Labs and Galaxy Labs also participated in the round, as well as individual investors like DJ Steve Aoki and co-founder and[Read more…]

Activity is surging around Solana-based NFTs despite an overall tepid market for so-called non-fungible tokens.  The Block Research’s Data Dashboard shows that the number of NFTs minted on Solana — or the number of new NFTs created on its blockchain — surged to a high of 312,000 on Sept. 7. That figure represents a significant[Read more…]

Solana-based stablecoin borrowing platform Hubble Protocol raised $5 million in a strategic round led by Multicoin Capital, the company announced on Thursday. Previous investors DeFiance Capital, Delphi Digital, Digital Currency Group, Crypto.com Capital, ParaFi, Jump Capital, Decentral Park Capital, CMS, Spartan Group, DeFi Alliance and Mechanism Capital also participated in the round. The company declined[Read more…]