Robert Steinadler, 25 days ago
Solana turned some heads when it presented Saga, the first dedicated Web3 smartphone. It looks like the Solana Foundation is pushing for more than just equipping the community with a new smartphone. Non-fungible tokens are still at the forefront of the Web3 revolution that is not only taking place in crypto. Real-world items and industries could also benefit from the new technology and we have seen a couple of successful projects in the past.
What is the NFT Showdown and what holds the future for Solana?
The Solana Foundation is hosting a contest to promote and facilitate the development of NFT projects. Contestants can submit their projects until early June and their projects should preferably involve NFTs in fashion, entertainment, gaming, or other industries.
While trading and collecting NFTs have been the biggest viable use case so far, others such as ticketing have been already tested. It seems that Solana would like to see a push forward for all these real-world use cases where technology meets a product that is otherwise not connected to the blockchain. Of course, this would also fit in nicely with
The Foundation will select and support 10 winners on their mission to achieve long-term success in the crypto industry. This will include expert advice from industry leaders and access to their networks.
Solana is facing a lot of competition. Not only from Avalanche but also from SUI which just launched recently. It can handle up to 300,000 transactions per second and this is exactly the nice that Solana has been occupying for a while.
The development of a high-speed blockchain that taps into the real world and offers decentralized apps for everyday use, isn’t an easy task. Solana had to fight with outages of its blockchain several times and only a complete restart helped in each case.
This leaves a lot of room for competitors and it might become highly important for to Solana push its ecosystem as fast and as wide as it can. Ethereum has proven that the network effect is huge. Even with higher fees and a slower speed, Ethereum is still the number 1 smart contract platform. While critics focus on Solana’s hiccups, it might be even more important to foster relationships to gain an edge in a fast-developing environment with the ever-growing competition.
May 04, 2023
Leading NFT marketplace Blur will allow NFT buyers to make a down payment on NFT’s they want to buy. They can then pay off the remaining balance with monthly installments, as if it were a home or a car. It’s just one of the features of Blur to make the NFT market more liquid.
Apr 21, 2023
Solana NFTs were the hottest thing during the bull market in 2021. This situation has changed since the overall NFT market cooled down. Solana’s NFT market also lost traction and many NFT projects dropped in value or simply vanished. However, some collections became so iconic that they defied the bear market and are still valuable collections. One of these collections is the Solana Monkey Business and the project underwent important changes yesterday.
Apr 19, 2023
He is not a fan of Bitcoin and is a strong proponent of the US Dollar. Donald Trump is one of the most controversial figures of our time. While he awaits trial on criminal charges in New York, Donald Trump is busy dropping hotter and more controversial NFTs. His supporters are once again hyped but the question remains if those NFTs will retain value. Should Trump lose in court or fail to run for president again, the value of both collections could be affected.
Mar 22, 2023
Most crypto and NFT-related software are open-source and it is kept this way for good reason. But as soon as companies start showing interest in new technology, they want to keep their developments safe by securing intellectual property. Often this reveals highly interesting trends because to protect this property, companies have to file patent applications. These applications are public and therefore everybody can take a good look at what might become the future in the respective field.
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