Reddit Co-Founder and Solana Ventures Team Up On $100M Web 3 Social Media Initiative
Reddit co-founder Alexis Ohanian and Solana co-founder Raj Gokal collectively announced a $50 million fund with Solana Ventures to invest in Web 3.0 social media technology today.
Reddit co-founder to invest $100 million in social media on Solana
Reddit co-founder Alexis Ohanian will be investing in decentralized social media using the Solana blockchain.
Solana is a public blockchain platform. It achieves consensus using proof of stake and proof of history. Its internal cryptocurrency is SOL. Bloomberg considers Solana to be "a potential long-term rival for Ethereum". Like Ethereum, Solana can interact with smart contracts.
Over Two Million on the list with Coinbase NFT’s
Less than a month ago Coinbase announces the launch of their NFT platform, and the NFT community can’t stop buzzing about it. Coinbase ended the second quarter with 68 million users and 8.8 million monthly transacting users. OpenSea, the most popular NFT marketplace, has 300,000 users and offers