Solana

Cypto and DeFi opportunities are a result of this

Equating the early days of the internet with the crypto boom is now just a hackneyed adoption analogy. However, now that it is understood, investors can use it to diversify their portfolios.  Crypto evangelist Chamath Palihapitiya recently called “Bitcoin the most profound iteration of the internet that we’ve seen.” However, this time around it is “headless”. Palihapitiya explained that Google ruled the roost at the beginning of the internet boom. And, Facebook has dominated the industry for the last 15 years, he added. Therefore, current crypto and DeFi opportunities are

Solana’s growth has been more than organic, but here’s a word of caution

The third quarter of the year was both exciting and nerve-wracking for most in the crypto-community. And, while both Bitcoin and Ethereum saw positive quarters, the big winners were actually newer protocols. In fact, a significant surge in smart contract platforms outpacing the larger market was noticeable with the rise of projects such as Solana, Avalanche, and Terra. All of the aforementioned gained by at least 300% on the charts.  Even though the Ethereum network had a burst of new user adoption, mostly due to the rapid rise of NFTs,

Grayscale adds Solana, Uniswap to its Digital Large Cap Fund

Grayscale Investments has added two new assets to its large-cap crypto fund for the first time on Friday. The addition of rapidly growing Solana [SOL] and prominent decentralized finance token Uniswap [UNI] was part of a quarterly rebalancing, as noted by the investment firm. As per the statement, “This announcement follows the July 2021 news that Grayscale adjusted the Digital Large Cap Fund’s portfolio and purchased Cardano (ADA), and (this) is the first time Solana (SOL) will be included in a Grayscale investment vehicle.” Solana displayed massive growth over time

Bitcoin, Ethereum, Solana, Cardano – How did these cryptos fare in the ETP market

Digital assets like Bitcoin and Ethereum have seen a stellar rise in terms of adoption and user base over the past few months. However, the month of September did not contribute much to this growth. In fact, last month broke some trends and created history in some other ways. Bitcoin’s dominance dropped and altcoin favoritism rose. Ergo, the question – What can we expect from the market in Q4. The fall of digital assets Assets under Management (AUM) in September failed to see the same hike witnessed back in August

Terra to Apply Columbus 5 Mainnet Migration

Terra, a top 15-ranked cryptocurrency by market capitalization, is planning to apply the Columbus 5 upgrade to its mainnet today. If everything goes according to plan, this new update will bring improvements to allow the Terra network to keep expanding. Columbus 5 will change how the network mints UST (terrausd), the main stablecoin of the blockchain, and will also bring integration with other chains, and faster transactions. Columbus 5 to Go Live Today Terra, a smart contract-enabled cryptocurrency chain, is prepared to apply the new Columbus 5 mainnet upgrade today.

GameZone Brings A “Game Pass” To Blockchain Games, IDO Launches September 30th

Blockchain gaming is one of the hottest trends in the broader cryptocurrency ecosystem; everyone can make money with these games, although some will require a rather steep upfront investment. GameZone is a revolutionary project in the blockchain gaming segment and will elevate the cross-chain interoperability of games. The Power of Blockchain Gaming Earlier this year, it became apparent how much potential there is when combining gaming with blockchain technology. As video games remain one of the fastest-growing industries – currently valued at over $162 billion – it is a premier

Every Ethereum NFT can now be on Solana with Wormhole’s new ETH-SOL bridge

Ethereum competitor Solana kicks off ‘hackathon’ with $1 million in prizesThe Solana Foundation, a non-profit organization dedicated to supporting and growing the high-speed blockchain today announced it will be launching a global hackathon focused on Web3, DeFi, and NFT solutions. 2 min read → Source: https://cryptoslate.com/every-ethereum-nft-can-now-be-on-solana-with-wormholes-new-eth-sol-bridge/

Wormhole NFT bridge allows users to transfer assets on different blockchains

A new service called Wormhole NFT Bridge connects Ethereum and Solana to let users transfer assets between these competing blockchains.  This service, in technical terms, is called a “bi-directional bridge” that can send assets and make them compatible with other blockchain platforms.  This is how it works: When someone wants to transfer a Solana NFT to Ethereum to sell it on OpenSea, the service would first lock the original NFT within the Wormhole smart contract.  A smart contract is a technology that runs behind decentralized apps, DeFi protocols, and NFTs

Digital Gold v. Legos – Can just Bitcoin or Ethereum do it all

Bitcoin v. Ethereum – The elephant in the room of most Bitcoin and altcoin analyses. During a recent episode of the Unchained podcast, host Laura Shin let the author of The Bullish Case for Bitcoin, Vijay Boyapati, and Ethereum Foundation Researcher Justin Drake take a stab at the question. Needless to say, it was the latest chapter in the debate between Bitcoin and Ethereum maximalists. According to Boyapati, Bitcoin was right to give importance to backwards compatibility, when compared to changing protocols or issuance volumes – as Ethereum has done.

With a ‘ready to go’ ecosystem, does Polkadot have a shot at the $250-$350 range

Polkadot, the 8th largest token has been surging for a while now. Steady development and strong fundamentals significantly contributed to a rally toward a new all-time high ($49.80). Consider this plot- DOT is up 356% YTD. Source: CoinMarketCap Meanwhile, the flagship token witnessed a 256% recovery over the last 56 days, as per Trading View. Although the token, at press time is trading just shy of the $37 mark (down by almost 23% from its ATH)- different analysts remain bullish. For instance, crypto analyst Lark Davis took to Twitter to shed

First Million-Dollar NFT Sale for Solana, and It’s for a Degenerate Ape

Today, Degen Ape #7225 became Solana’s first million-dollar NFT sale. In the last few weeks, the blockchain platform’s NFT ecosystem has exploded. NFT intends to reduce its mint pricing in order to keep the prices low. The first million-dollar NFT sale has occurred on the Solana blockchain. Moonrock Capital, a blockchain advising business, bought one of the Degenerate Ape Academy NFTs for 5,980 SOL ($1.1 million) on Saturday. Moonrock purchased Degen Ape #7225, a scarred zombie ape with a halo, a gold tooth, and a brain in its mouth. According