Sam Bankman-Fried says Solana could be a hub for crypto gaming and social media


FTX CEO Sam Bankman-Fried shared his stance on the Solana project and said that Solana could be a hub for crypto-based gaming & social media projects.

Bankman-Fried is the CEO of the popular crypto exchange FTX. Bankman-Fried is highly influenced by the Solana project. Recently he appeared in a discussion with Coindesk’s Zack Seward and FTX.U.S.’ Head of Strategy Tristan Yver at Solana Breakpoint. 

Bankman-Fried and Yver shared their vision with the FTX crypto exchange to provide world-class crypto-based services with a better global marketing strategy. And also they touched on the point of the partnerships like Tom Brady and Gisele Bündchen.  

Bankman-Fried shared his experience with the Solana project, where they launched the Solana based NFTs marketplace for the US crypto users. They chose Solan because of the high scalability based secured transactions over other crypto blockchain networks. 

Bankman-Fried said that Solana can make a very high-level contribution in projects like “GameFi”. Bankman-Fried believes that gaming is a different and most engaged thing in the blockchain industry. Bankman-Fried claimed that in the incoming years,  ⅔ crypto users of this industry will be onboard with games on the blockchain platform. And in that situation, Solana may contribute more impactfully because of its potential. 

Solana Lab CEO on Solana blockchain challenge 

On 8 November, we covered a report on the statement of the Solana Lab CEO Anatoly Yakovenko. Anatoly said that they need better internet speed and machines to power the blockchain of the Solana network but it was hard for them in the initial phases. 

In September, Solana reached 400,000 transactions per second and that caused Solan and the network went offline for a few hours. Solana Lab CEO said that “however it was bot attack but in actual it was also a challenge”. To face such kinds of things is possible with the high numbers of Solana node runners.

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