Solana has been able to solve two-thirds of its technical challenges as per the CEO. He expressed his confidence that it would pass the remaining one-third of the test. FTX CEO Sam Bankman-Fried came out in defence of Solana only a day after it was subjected to a massive exploit.
Millions of dollars have been stolen from more than 5,000 wallets. The exploit appears to affect users of hot wallets connected to the Internet. The Solana ecosystem is the subject of cryptocurrency’s most recent breach, according to users who allege money from well-known internet-connected hot wallets including Phantom, Slope, and
There are two tokens in the Nirvana system: NIRV, a stablecoin, and ANA. Almost 82 percent of NIRV’s value has been lost. Nirvana, a Solana-based algorithmic stablecoin, was allegedly targeted by a flash loan. The sum of the exploit, according to the Twitter user “FA2 | SolanaFM,” was $3.49 million.
The team designed the space to be a “cultural center” and “embassy” for Solana. Consumers may also take part in an interactive art piece and shop for Solana products. There will soon be a Solana-themed shop in New York City. The Solana Foundation, the group behind the Solana blockchain network,
Zoonies is an alien-themed NFT collection existing on Solana. Even after a day, this Solana NFT has not attained the “sold out” phase. OpenSea has brought out a new launchpad capability for creating new Solana NFT projects in an apparent effort to match Magic Eden’s feature set. The major NFT
The blockchain ecosystem is expanding its growth through new strategies. At this early stage of web3, FTX founder and CEO Sam Bankman-Fried and Solana co-founder Anatoly Yakovenko offered insightful advice for Web3 founders during an online Web3 Builder Summit, which was hosted by Wing venture capital partner Zach DeWitt. The
Last month was a challenging month for crypto space, as the market value fell by 33%. A Youtuber identifies five best tokens to purchase in July. They are: SOL, AVAX, BNB, TRX, and ATOM. Since the beginning of the year, the crypto market has witnessed highs and lows in its
The venture will solely focus on the support and development of Web3 gaming. Developers won’t have to build out NFT integrations from scratch. NFT marketplace Magic Eden just raised a cash reserve valuing it as a crypto unicorn, making the business the biggest in Solana’s ecosystem. The company has created
Misleading SOL’s circulating supply has been alleged by Young. According to the primary plaintiff, Mark Young, SOL tokens are unregistered securities. A class-action lawsuit has been filed against Solana Labs, the non-profit corporation behind the Solana blockchain. According to California resident Mark Young, the action names Solana Labs, the Solana
Crema Finance immediately halted its liquidity services after discovering the breach. Some crypto community members believe the hacker stole 90% of entire liquidity. Solana-based liquidity protocol Crema Finance has stated that its services have been temporarily suspended due to an exploit that has drained a significant but unknown quantity of
