Category Archives: Solana News

Gaming firm Gameplay Galaxy raises $12.8 million in seed funding to build decentralized competitive games

The gaming firm Gameplay Galaxy, creator of web2 sports and racing games, raised $12.8 million in a seed round to expand a line-up of decentralized competitive games.   Blockchain Capital led this round, with additional participation from Merit Circle, Com2uS, Mysten Labs, Solana Ventures, Yield Guild Games and Hustle Fund, a release shared with The Block[Read more…]

Zipmex facing legal battle with Thailand SEC over non-compliance

Thailand’s SEC has accused Zipmex and its CEO Eklarp Yimwilai of non-compliance with a request to provide details of transactions and wallets used to hold customers’ assets prior to the withdrawal freeze. Zipmex had paused all withdrawal requests from its Z wallet on July 20. The SEC issued a letter on July 21, asking for clarifications on how assets held in the[Read more…]

How Brave Will Support Over 2 Million Decentralized Websites With This Partnership

Popular privacy-focused browser Brave announced an integration with Unstoppable Domain to take decentralized websites to the mainstream. The integration will allow users to “take control” over a domain hosted in the blockchain forever. Decentralized Websites, The Next Big Thing For Web3? In addition, Brave will allow people to easily explore decentralized websites. There are over 30,000 websites[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…]

Solana: Here’s why bearish bias makes sense despite bullish momentum

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Solana [SOL] has bullish momentum behind it after a near 10% move upward from the lows of 2 September. At press time, SOL stood at $30.5. In the same time period, Bitcoin [BTC] has traded sideways within[Read more…]

Solana-based transactions approach 100 million despite challenging 2022

The Solana (SOL) network continues to record development as the blockchain strives to take on established platforms like Ethereum (ETH), a factor that has translated into increased activity.  At the same time, the network is battling challenges related to blockchain efficiency, but transactions on the platform appear undeterred. In particular, as of September 6, the Solana number of transactions[Read more…]

Coinbase Expands Solana Infrastructure

Founder Yakovenko claims its now easier to build robust apps on Solana – Solana 2.0 feels more in sight than ever. Coinbase Cloud has launched Solana Archival Nodes to empower Solana developers. Developers can use the nodes platform to access blockchain services that enable them to build crypto products faster. In particular, these nodes can run complex queries[Read more…]

Solana-based y00ts NFT collection launches; developers raise $7M in seed round

The highly anticipated Solana-based y00ts NFT collection is finally live, with 6,500 owners minting the collection within the first 24 hours, according to OpenSea data. The collection’s floor price rose to as high as 186 SOL ($6138) before retracing to 172 SOL ($4300) at press time. The y00ts NFT collection was meant to launch on Sept. 4, but[Read more…]

Charles Hoskinson calls Ethereum Classic ‘dead project with no purpose’

Cardano (ADA) founder Charles Hoskinson said Ethereum Classic (ETC) is a “dead project with no purpose or compelling argument to exist outside of spite.” Hoskinson gave this response to allegations that he wanted to exploit ETC miners. An Ethereum Classic supporter on Twitter had accused Hoskinson of trying to milk the network after he proposed a 20% miner[Read more…]

Helium Proposes to Migrate IoT Ecosystem to Solana

Helium proposes migration of entire IoT ecosystem to the Solana blockchain. IoT telecoms platform Helium is proposing a landmark change that would impact the entire ecosystem, from users to developers and miners. Why Solana? On August 31, Helium published HIP 70, a proposal to improve blockchain performance significantly. To achieve this goal, the core developer team offers a[Read more…]