Anatoly Yakovenko is the co-creator of Solana (SOL). He has also spoken out on the expansion and diversification of some of blockchain’s largest projects to other chains.
November was Solana’s largest marketplace for non-fungible tokens. Magic Eden announced its expansion to Polygon.
Magic Eden is also available on Ethereum (ETH). Later that month Solana’s Phantom crypto wallet added support for Ethereum & Polygon.
The Solana NFT project, Y00TS III from Solana, announced this Sunday on Twitter that they plan to bridge to Ethereum and Polygon next season.
Yakovenko speaks of migrations
“Solana unicorns Magic Eden, Phantoms, and DeGods will be multichained. It is bittersweet to watch. It would have been amazing for them to completely focus on Solana. However, these projects aim to conquer the entire world. But so does the Solana family!
The goal is for everyone in the world to be self-sufficient. Unfortunately, the road to that goal is not easy. These unicorns were able to find product-market compatibility in an extremely competitive market. They were built on Solana as it is where the highest quality products can be built.
Many people will try Solana first because of ME, Phantom, and DeGods.
Solana must have twenty more unicorns so ambitious that Solana doesn’t have room for them.”
SOL has been severely affected by the ongoing cryptocurrency bear market. The stock is down over 71% in the last six months. At the time, $10.91 was the price of the 18th most valuable crypto asset in terms of market cap.
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Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
