- Seven Seven Six Ventures has recognized Solana because the prototypical blockchain for constructing the following social media community.
- Solana has gained recognition for turning into the following middle of Internet 3.0 gaming and decentralized social networking.
Lisbon, Portugal, has turn into an epicenter of the blockchain area. Between November seventh – tenth, 2021, Solana is internet hosting its first annual, international convention referred to as Breakpoint. Over the numerous panels, the frequent consensus is that Solana is a perfect platform to develop the following web on.
Solana Is Most popular for Internet 3.0
Coincidently, the value of Solana reached an all-time excessive of $260 on November seventh, the opening day of Breakpoint 2021. What’s extra, Solana is gaining a fame for its future use case, becoming the traits upon which Internet 3.0 social networks could be constructed.
Reddit’s co-founder, and the founding father of Seven Seven Six Ventures, Alexis Ohanian, said on Monday, throughout the Solana convention, that the latter firm might be making a $50 million fund to develop social media tasks on Solana.
His assertion comes a day after Sam-Bankman Fried additionally recognized Solana as the long run hub for Internet 3.0 gaming and social media. In line with TheBlockCrypto, Bankman said that social media on blockchain might be “completely big.”
In reality, everybody believes that Internet 3.0 can enhance the standard of our digital interactions and create a extra collaborative web. Nevertheless, it could require a decentralized construction to not fall into the identical pitfalls as centralized Internet 2.0 governors, akin to Fb, who rebranded to “Meta,” did.
Ohanian, who created Reddit, firmly believes that this new iteration of the web ought to be constructed from the bottom up, and Internet 3.0 provides innovators and tech personalities this very risk.