Solana founders see now as a time to bridge the blockchain and the physical world
After FTX collapsed, a number of crypto entities once tied to the bankrupt crypto exchange are trying to pick up the pieces and move forward. As for Solana — a prominent layer-1 blockchain that was backed by FTX and its outspoken founder, Sam Bankman-Fried — its co-founders see this downturn as an opportunity for its team and developers to build and ignore the noise.
“It is just a time for immense fear, but there is immense opportunity,” Raj Gokal (co-founder of Solana) told TechCrunch. “There’s a lot signal and a lot noise .”
Developers who survived the last crypto market cycle see Solana’s ability to handle high transaction throughput as an advantage over other blockchains. They also remain bullish about the underlying technology more generally, Gokal explained. They don’t just pay attention to what’s going on in the market. They are excited about what they can build and are still building it.
” Many feel the need to be prepared with their products for the next market cycle. When that happens, there will be many new users who want to try out products in crypto. We expect that to happen in .”
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