Altcoins

Will Solana’s Hustle Help It Venture To Enter the Top 3 Cryptocurrencies?

Written by: Qadir AK

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Dec 17, 2021

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The projects catering to utility have arguably been the go-to investment options for veterans in the game of coins. Numerous projects have been emanating despite the market throwing tantrums out of the blue. The spur of such protocols has been enticing not one but many in the crypto business. Solana is one of the few projects which has been vocal amongst fellow blockchains. 

The growth metrics of Solana since the foregone year have been astonishing for folks in the business. The Ethereum killer has been encompassing numerous integrations, adoptions, and initiatives, whilst influencing its utility projects to follow suit. A major update for the community comes from Melania Trump’s announcing the launch of her own NFT platform on Solana.

Solana’s Climb To The Summit?

Melania Trump, the better half of the former president of the United States of America, has announced the launch of her own NFT platform. As well as her first NFT “Melania’s Vision”, the platform is based on Solana, and empowered by Parlor. 

Mrs, Trump’s statement is as follows:

 “I Am proud to announce my new NFT endeavour, which embodies my passion for the arts, and will support my ongoing commitment to children through my Be Best initiative”.

From the initiative, a portion of the proceeds will assist children with computer science skills, including programming and software development. To help the children after aging out of the foster community. 

The first NFT available on the platform Melania’s vision is a watercolor art by Marc-Antoine Coulon, that portrays Mrs Trump’s cobalt blue eyes. It also includes an audio recording from Mrs. Melania Trump with a message of hope.

The limited-edition artwork will be priced at 1 SOL, which values at about $179.26 at press time. The NFT will be available from the 16th to the 31st of December 2021. Payments for purchases can be made with SOL, and credit cards through MoonPAy. 

Is Solana Rising Ahead Of The Market?

  Metaplex, the NFT firm built on the Solana blockchain, has been empowering its community. The protocol has made announcements of the nominees for the first annual metaplex community impact awards. The year has seen over 30k projects launching with Metaplex.

Another update comes with Drift Protocol and Solana teaming up to announce the launch of Drift’s bounty program. The initiative sees $100,000 being set aside for bounties to be earned. As part of the campaign, contenders will have the opportunity to earn cash prizes by completing the nominated bounties put forward by the community. 

Figment learn tutorials on Solana edifies on how to build dApps like an email or crowdfunding platform. The initiative could influx more users to the platform. In addition, NBA players Michael Jordan and Heir Jordan are launching HEIR, a platform built on Solana for empowering athletes. 

Collectively, Solana has been sprawling in terms of utility at a brisk pace, leaving behind bigger protocols at shade. The foray into the world of NFTs could be one of its USPs in near future. The growth metrics of the protocol have been astounding for folks from the crypto business. With the much-anticipated alt season around the corner, we can expect Solana to be one of the flag bearers this alt season.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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