Solana founders see now as a time to build a bridge between the blockchain and the physical world ExamPaper

After FTX collapsed, a number of crypto entities once associated with the bankrupt crypto exchange, are trying to pick up the pieces and move on. As for Solana – a prominent layer-1 blockchain that was backed by FTX and its outspoken founder, Sam Bankman-Fried – the co-founders see this downturn as an opportunity for its team and developers to build and ignore the noise.

“It’s just a time of tremendous fear, but there’s tremendous opportunity,” Solana co-founder Raj Gokal told ExamPaper. “There’s a lot of signal and a lot of noise.”

Developers in the space that have weathered the latest crypto market cycle see Solana’s ability to handle high transaction throughput as an advantage over some other blockchains and remain optimistic about the underlying technology in general, Gokal explained. “They don’t just pay attention to what is happening in the market. What they’re excited about is what they can build, and they’re still building it.

“Many of them feel the urgency to be ready with their products [for] the next cycle, so when that next market cycle comes, there will be a lot of new users trying to experiment with products in crypto and we expect that to happen in the next year.

Leave a Comment