SOL
by BSC News
February 22, 2023
Solana Spaces is closing its physical storefronts in New York City and Miami in order to focus on NFT airdrop platform DRiP, CEO Vibhu announced.
The brick-and-mortar Solana Spaces stores in New York City and Miami are closing, eight months after the experimental crypto storefronts opened to great fanfare.
According to a Twitter post from CEO Vibhu, Solana Spaces is closing the stores in order to focus on the DRiP Non-Fungible Token (NFT) airdrop platform.
“As I told people often, as awesome as the stores were, if we found a more efficient way to bring people into Solana, we would throw our efforts at that,” Vibhu said. “ And as it were, I found that in DRiP. While our stores onboard between 500 and 1000 people per week, DRiP onboards that same quantity EVERY DAY.”
Solana Spaces will be decentralized by making its software open source. The entity is identifying other places in New York and Miami for people to obtain Solana merchandise and attend activities.
The stores officially close Feb. 28.
Solana is a public, open-source blockchain that allows for smart contracts, non-fungible tokens (NFTs), and various decentralized applications (dApps). The SOL token, which is native to Solana's blockchain, provides network security through staking as well as a means of transferring value.
Related News
Latest News
April 24, 2024
Chainlink Launches Cross-Chain Interoperability Protocol (CCIP) for General Availability
April 24, 2024
Hong Kong Bitcoin and Ethereum Spot ETFs Get Approval to Begin Trading on April 30
April 24, 2024
US DOJ Wants 3-Year Prison Sentence for Binance Co-Founder CZ
April 23, 2024
Binance’s 53rd Launchpool Project: What is Renzo Protocol?
April 23, 2024
Texas' Blockchain Association and the Crypto Freedom Alliance Sue US SEC
April 23, 2024
Binance Sued in Canada Over Securities Law Violations: What to Know
April 22, 2024
What Are Bitcoin Runes?
April 22, 2024
Binance Executive Arrested in Kenya After Fleeing Nigeria
More News