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2022-10-02 09:13:02 ‘Ethereum Killer’ Solana Suffers Another Major Outage

A misconfigured node caused the Solana network to stop processing transactions and go offline on Friday, the fourth major outage for the popular blockchain since January, when it had a string of partial outages for most of that month, according to data from Solana.

This outage comes one year after a nearly 18-hour outage last September. Meanwhile, the crushing crypto winter has sent SOL, the No. 9 coin by market cap, down 81% in 2022. At 7:01 pm EST on Friday night, the Solana Status site, operated by the Solana Foundation, posted that the network was “experiencing degraded performance” and that Solana developers were working on diagnosing the issue.

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2022-10-01 06:31:02 Ethereum losing ground as Solana now accounts for a quarter of total NFT volume

Cryptocurrency research firm Delphi Digital posted a chart showing Solana NFT volume surging. The chart showed since mid-August, NFT volume on the Solana chain has been trending upwards, leading to a peak of 40% in early September. Of interest, “other blockchains” accounted for significantly less volume than ETH or SOL.

During this time, the number of weekly Solana mints also spiked higher, suggesting a positive correlation between newly circulated non-fungibles and trading volume on the chain. In other words, freshly minted Solana NFTs are finding buyers. The data indicates that Ethereum is becoming less popular for NFTs, despite moving to Proof-of-Stake and addressing the issue of carbon/energy-intensive usage. Despite the win for Solana and other blockchains, the relatively short time frame of change casts doubt on whether this is an enduring trend.

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2022-09-30 16:35:04 Solana Founder Names Biggest Hurdle to Mainstream Adoption

Solana co-founder Anatoly Yakovenko recently told business outlet Fortune that self-custody problems remain the main impediment to mainstream adoption. While crypto offers the promise of permissionless money, it also comes with plenty of responsibilities related to safe storage.

Self-custody refers to the practice of owning your own private keys with the help of either hot wallets or hard wallets. For now, it is very cumbersome to store one's own crypto, which is why many users tend to leave their tokens on exchanges despite the fact that it invalidates the whole point of crypto.Solana stole the spotlight last year, becoming a viable alternative to Ethereum in the realm of decentralized finance and non-fungible tokens.

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2022-09-29 16:27:24 1 MORE DAY TO @AffynOfficial BIG UNVEILS!!! This is one of the most severely undervalued projects that I believe will become the Number 1 blockchain Metaverse in the entire industry.

Register for the ALPHA event!:
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2022-09-29 05:50:02 FTX, Jump Crypto Lead $20M Funding in Solana Development Framework Coral

Coral, the developers of Anchor, the popular development framework for the Solana blockchain, announced a strategic funding round of $20 million co-led by FTX Ventures and Jump Crypto.Coral said it plans to use the funding to hire new talent with the aim of building a world-class team.

Today’s announcement also comes along with the launch company’s first flagship product called Backpack. As explained by Coral, Backpack is an "interactive, first-of-its-kind wallet that delivers crypto-native experiences" through the so-called executable NFTs, otherwise dubbed xNFTs. By using protocol-agnostic frameworks, xNFT will be creating decentralized apps (dApps) for the NFT ecosystem that can be used from a single interface.

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2022-09-28 17:25:01 Solana Co-Founder Predicts NFT IP to Create Next Marvel or Disney

While some may dismiss NFTs as mere JPG fads, they are likely to prove everyone wrong in the future by becoming one of the most powerful IPs in the entire business. Anatoly Yakovenko, the co-founder of Solana, predicts that the next Marvel or Disney will most likely be centered on NFT IP.

At the Messari Mainnet conference in New York, Yakovenko stated that “I think if you’re dreaming of starting the next Marvel or Disney in the next 20 years. It’s probably happening right now out of these NFT sets.” The Solana Labs co-founder noted “The possibilities are endless, and this is, I think, the best place to zero-to-one a brand, or a new story, or new lore for whatever—games, movies, IP, franchises, whatever you want. It’s early days, but really, really exciting.”

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2022-09-27 20:19:02 FITCHIN Launches Web3 Gaming Platform on Solana Mainnet

FITCHIN’s Solana-powered platform will allow users to become community members of top teams, compete in tournaments, purchase limited collections of digital assets, and engage their fans in exclusive events and experiences, all from one integrated platform. Using a blockchain-based network allows FITCHIN.

FITCHIN’s mainnet launch signals the beginning of what will be a range of novel and dynamic functionalities slated to be unlocked on the platform over the coming months. To start, members will be able to access exclusive benefits organized by esports teams including events, competitions, private experiences, special collections of digital and physical products, voting opportunities, and chats.

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2022-09-25 08:47:02 NFTs Will Spawn the Next Marvel or Disney, Says Solana Founder

Solana co-founder and Solana Labs CEO Anatoly Yakovenko believes, telling Decrypt at this week’s Messari Mainnet conference in New York that NFT projects can lead to significant IP in the decades to come. He described NFTs as the “dominant, breakout use case” right now for Web3 technology.

The possibilities are endless,” he added, “and this is, I think, the best place to zero-to-one a brand, or a new story, or new lore for whatever—games, movies, IP, franchises, whatever you want. It's early days, but really, really exciting. Popular NFT projects like the Bored Ape Yacht Club, CryptoPunks, and Axie Infinity have each yielded billions of dollars’ worth of NFT trading volume to date.

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2022-09-24 12:30:49 Helium Is Finally Moving From its Custom Blockchain to Solana

The move is intended to help Helium remain competitive and “meet the demands of current and future users.” The community members of the Internet of Things (IoT) blockchain network, Helium, has voted for a complete transition to Solana to improve network scalability. The HIP 70 proposal published by the Helium Foundation has been in the works for several months.

After the completion of the migration, a new version of the Helium Wallet App will be unveiled. The history of the Helium Layer 1 blockchain will remain public, and users can access the new application by updating their current wallet app. The holders of the HNT token will also be able to use other wallets within the Solana ecosystem, including Phantom or Solflare. For the uninitiated, Helium is a Google-backed startup founded in 2019.

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2022-09-23 15:12:02 Helium Ditches Own Blockchain in Favor of Solana After Community Vote

Helium community members have voted to move the decentralized Wi-Fi network from its blockchain, officially known as HIP 70, to the Solana blockchain. The HIP 70 proposal concluded voting early Thursday morning, with some 81% voting in favor of migration in early Asian hours. Participants staked the helium token.

Developers behind Helium proposed the migration to Solana to help scale the protocol through more efficient transactions as well as interoperability. The move will transfer all tokens, applications and governance to the network. The migration will see HNT, MOBILE and IOT issued on the Solana network, which will continue to be the tokens in the Helium ecosystem. Once the migration is complete.

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