Bankman-Fried mentioned crypto social media, GameFi, and looming regulations at Solana Breakpoint.
Conceal portray by Eva Marie Uzcategui/Bloomberg.
Key Takeaways
- Sam Bankman-Fried has urged that Solana could perchance perchance change true into a hub for crypto gaming and social media.
- Bankman-Fried made the comments at Solana Breakpoint in Lisbon earlier nowadays.
- The billionaire has been a proponent of Solana in the previous and praised its high throughput capabilities.
FTX CEO and identified Solana imply Sam Bankman-Fried spoke with optimism about the blockchain’s capabilities for GameFi and social media at Breakpoint nowadays.
Sam Bankman-Fried Discusses Solana’s Future
FTX CEO Sam Bankman-Fried believes that Solana could perchance perchance change true into a truly important hub for gaming and social media.
Bankman-Fried mentioned the scheme forward for the blockchain in a panel dialogue with Coindesk’s Zack Seward and FTX.U.S.’ Head of Contrivance Tristan Yver at Solana Breakpoint earlier nowadays. Both Bankman-Fried and Yver talked about their vision for FTX in the route of the talk, explaining that they were “surely furious about a series of things” and hoping to bring “world-class products” to their individual destructive. They moreover mentioned FTX’s aggressive marketing technique, which has considered them partnering with the likes of Tom Brady and Gisele Bündchen, and the regulatory panorama surrounding crypto in the U.S.
FTX has shared discontinuance ties with Solana in contemporary months, recurrently supporting Solana-essentially based completely mostly tokens and launching a marketplace for Solana NFTs by task of FTX U.S. Bankman-Fried, too, has been an especially vocal proponent for the high-velocity blockchain. In the route of the panel dialogue, he spoke about how Solana could perchance perchance profit from the growth of the so-known as “GameFi” home. He said that gaming on the blockchain will be vital because gaming is already one among “the most horny things on the earth” alongside things like bread and chocolate. He then added that it used to be which you can assume of that “⅔ of all crypto users” will be onboarded by task of gaming in the arriving years, and the sphere, therefore, affords “a surely compelling cost proposition” for blockchains like Solana.
Bankman-Fried moreover mentioned the probability of social media involving on-chain one day. He said that he thinks social media on the blockchain “will be completely astronomical,” earlier than explaining that he thinks Solana is the completely community for it to be built on because it’s at inform the completely platform that has sufficiently high throughput capabilities. Crypto social media is “a big opportunity, and one that’s real for Solana,” he said.
Bankman-Fried isn’t the completely crypto personality who’s seemed into the chances of decentralized social media; in July, Vitalik Buterin mentioned how Ethereum could perchance perchance act as a destructive layer that could perchance perchance allow users to claim possession of their identity, including that the community “has to enlarge” previous DeFi. Aave founder Stani Kulechov has moreover talked about building “Twitter on Ethereum” as a exchange to centralized social media platforms.
Disclaimer: On the time of writing, the author of this fragment owned ETH, AAVE, and several other diversified cryptocurrencies.
The details on or accessed thru this net attach is purchased from just sources we assume to be appropriate and official, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any info on or accessed thru this net attach. Decentral Media, Inc. is no longer an funding advisor. We stock out no longer give customized funding advice or diversified monetary advice. The details on this net attach is self-discipline to exchange with out peek. Some or all the guidelines on this net attach could perchance just change into older-normal, or it will almost definitely be or change into incomplete or incorrect. We are succesful of also just, but are no longer obligated to, exchange any outdated-normal, incomplete, or incorrect info.
That you can perchance just restful by no manner invent an funding decision on an ICO, IEO, or diversified funding in accordance to the guidelines on this net attach, and you can perchance just restful by no manner make clear or in every other case depend on any of the guidelines on this net attach as funding advice. We strongly counsel that you search the advice of a licensed funding advisor or diversified licensed monetary knowledgeable for those that are seeking funding advice on an ICO, IEO, or diversified funding. We stock out no longer rep compensation in any create for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
Charting the Progress of the Solana Ecosystem
We inform how Solana and its lickety-split-rising ecosystem safe established a situation at the forefront of the cryptocurrency home. A Contemporary Ethereum Competitor In early June, Solana made headlines after…
How SocialGood Is Offering 100% Crypto Cashback on On-line Browsing
Lately, the upward thrust of Bitcoin and tokenized assets has made the cashback vertical ripe for disruption. Inside of the cashback market, blockchain-essentially based completely mostly loyalty networks are rising in recognition among…
FTX Bets on Solana, Now not Ethereum, for Its Contemporary Decentralized Alternate
FTX is spearheading the delivery of a brand contemporary decentralized exchange (DEX) to kickstart a brand contemporary DeFi ecosystem on the Solana blockchain. Touted as an “Ethereum Killer,” can Solana’s high throughput…
Solana Closes $314 Million Funding Spherical
Solana Labs has raised over $314 million in a funding spherical led by Andreessen Horowitz and Polychain Capital. Solana Announces Fundraiser Solana Labs has raised a 9-figure sum in a…
