Solana unveils new partnership, SOL above $100

  • Krafton, a South Korean company, announced a partnership agreement with Solana Labs to create and operate blockchain-based games on the platform.
  • Block Tackle, a web 3 gaming startup also disclosed that it is developing a Solana NFT skateboarding game in a new partnership with the network.

Recently, Krafton, a South Korean company, announced a partnership agreement with Solana Labs to create and operate blockchain-based games on the platform. According to HyungChul Park, lead of Krafton’s Web 3 division, this deal will help facilitate its objective of moving closer to their Web 3 ecosystem. 

Krafton will continuously see ways to work closely with blockchain companies like Solana Labs as we work toward establishing our Web 3 ecosystem.

Solana has not benefited only from this partnership, but similar collaborations with other companies. Recently, Block Tackle, a Web 3 gaming startup disclosed that it is developing a Solana NFT skateboarding game in a new partnership with the network. In addition, Coinbase also added SOL support to its browser wallet extension.

Another crypto non-profit company, The Giving Block has also allowed access to Solana blockchain on its platform. SOL holders can contribute to several initiatives including the Ukraine relief fund, animal welfare, etc. People will be able to contribute or donate to more than 1500 charities using SOL. 

The SOL price has reacted positively to this news with a price surge to $103. It is currently the eighth largest crypto by market cap according to the CoinMarketCap rankings. 

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Solana to climb even higher

SOL has been predicted to rise to the moon as it is also making a lot of innovations in the Defi space. Orca, Solana decentralized exchange has recently announced Whirlpools. It is expected that this feature allows traders to focus on liquidity in pools. This will help them get higher financial returns. However, this feature is in the BETA stage. As it stands, the Whirlpools BETA can only be accessed by Orcanaut NFT holders. According to the website, this will remain in early access for at least two weeks.

Grayscale recently announced its launch of a non-Ethereum altcoin fund which comprised 24 percent SOL. Just like Solana, Cardano also made up 24 percent of the fund. Other altcoins in the fund made up 4 percent to 16 percent each. It is important to note that Grayscale has also come out with the Solana Trust for easy access to those who want to solely focus on SOL.

Joshua Fraser, the co-founder of Origin Protocol, predicted that Solana will be the most prominent alternative to Ethereum and Ethereum layer 2. 

Solana will be the most prominent alternative to Ethereum and Ethereum layer 2s in hosting decentralized finance (DeFi). This is a huge market to be captured and the SOL price may reflect this.

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John's a cryptocurrency and blockchain writer and researcher with years of experience. He has a lot of interest in emerging startups, tokens, and the invisible forces of demand and supply. He holds a Bachelor's degree in Geography and Economics. My Email: (kojokumijohn@gmail.com)

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