Category Archives: Solana News

The infrastructure startup, hailing from former Coinbase and Amazon engineers, built a streamlined Solana development platform. Solana infrastructure startup Helius today announced that it raised a $3.1 million seed round co-led by Reciprocal Ventures and Chapter One, in an effort to provide the tools to help developers build Web3 applications in less time and for less money. Co-founded by engineers[Read more…]

The Aptos Layer-1 blockchain launch has not been particularly successful thus far. Few transactions per second and less than ideal tokenomics are just two problems for the much-vaunted project to overcome. With a valuation of $1 billion and heavyweight venture capital backing, the Aptos Layer-1 blockchain is supposed to be the new competitor to Ethereum[Read more…]

Bridge Network reveals plans to launch a non-custodial multichain payment product to tackle crypto off-ramps in underserved regions. The product will allow users to fund their card directly from web 3 wallets across any chain without the risk of centralized wallets infrastructure, enabling seamless & secure crypto payments in the real world.   Bridge Network,[Read more…]

Arcade2Earn, a play-to-earn gaming platform built on the Solana blockchain, has raised $3.2 million in a seed funding round led by Crypto.com Capital. Other investors included Solana Ventures, Shima Capital, KuCoin Labs and GSR, Arcade announced. The funding was realized via a simple agreement for future tokens (SAFT), Arcade co-founder Jaleel Menifee told The Block. The company’s[Read more…]

Twitter user @ShiLLin_ViLLian posted details of a Cardano NFT that sold for 180,000 ADA, or $64,300 at today’s price. The “Ford Edwards” belongs to The Ape Society Collection, recently launched by anonymous developers Cardman, Congo, and Matasa. The holder’s husband posted a video of the sale going through, including his reaction when a bug prevented confirmation of[Read more…]

Aptos is the latest VC-backed Proof of Stake blockchain primed to replace Solana as the newest, slickest, highest-tech L1. Last night’s launch of its native token APT went as expected, dumping almost 50% from its listing price in a matter of hours. Pre-earned insider rewards and a (very) last-minute airdrop announcement contributed to the chaos. A spin-off from Meta’s seemingly stalled foray[Read more…]

Aptos’ blockchain claims to handle three times the amount of transactions per second than Solana but day one of its launch saw the network transacting a much lower amount. After four years of development and millions in funding, the layer-1 blockchain Aptos (APT) finally launched its mainnet on Oct. 17, albeit to somewhat mixed reception.[Read more…]

Despite several high-profile hacks, Solana remains a popular rival to the much larger Ethereum. “We do sometimes track our success against Ethereum in terms of developer adoption,” Solana Labs co-founder Anatoly Yakovenko acknowledged on the Decrypt gm podcast. “I think it’s really important because they are the market leader.” Still, he said it has been interesting to[Read more…]

From an industry with a market value of $38.5 billion in 2021, the metaverse market is expected to grow at a CAGR of 39.4%. This growth is likely to happen in the next 8 to 10 years. With the vast potential to grow and make businesses adopting this technology stand out, the metaverse is revolutionary. Especially[Read more…]

Agency representation continues to find its way to NFTs, bear market aside. Dapper Labs and CryptoKitties co-founder Mack Flavelle is signing on with premier talent agency WME (also known as Endeavor) according to bubbling reports on Monday. Flavelle is well-respected within the NFT community as a co-creator of the ‘O.G.’ NFT project CryptoKitties in 2017,[Read more…]