Solana Hosts Developer Push as BlackRock Expands Presence
The post Solana Hosts Developer Push as BlackRock Expands Presence appeared on BitcoinEthereumNews.com.
Kicking off on April 14, the Solana hackathon aims to foster consumer-focused crypto applications. Solana Labs’ co-founder Anatoly Yakovenko asked developers to impress Nikita Bier, the firm’s advisor. SOL shot up 3% in the past day, reclaiming the 20-day EMA at the $137 price tag. Solana is gearing up for a developer-focused event with its Solana Breakout Hackathon, starting April 14, with project submissions due May 16. The aim is to spur the creation of the next generation of consumer applications on the Solana blockchain. Solana Labs co-founder Anatoly Yakovenko is challenging participants to create apps that would impress Nikita Bier, known for founding the viral social media app, tbh. Bier is now an advisor to Solana and a product growth partner at Lightspeed Ventures, a major crypto VC firm. Some basic rules1) don’t name it something 2) be honest about how it makes money 95% of crypto apps create tokens or trade tokens (or NFTs). A) If it’s purely creation your customers are the creators and the users that consume the content. @timedotfun is a great… https://t.co/TMkfsXDgIn — toly 🇺🇸 (@aeyakovenko) March 26, 2025 Yakovenko Lays Down the Rules In a post on X, Yakovenko gave some straightforward advice to participants: Avoid naming their projects with “sol” in them. Be transparent about how the application generates revenue. Recognize that 95% of crypto apps either create or trade tokens (including NFTs). Yakovenko noted that successful crypto apps typically focus on either creation (like content platforms) or trading (enhancing user experience). He pointed to examples like CryptoKitties and StepN, which thrived by integrating these models, while often struggling with the trading aspect. How is Solana’s SOL Token Performing? Solana’s native token, SOL, is currently trading at $143.95, a nearly 3% increase over the last 24 hours. Data from CoinMarketCap shows SOL…
Filed under: News - @ March 26, 2025 11:17 am