Sunday, April 14, 2024

Solana sees gains after partnership with Krafton for blockchain games

Solana has seen SOL’s price hike 20% in the last seven days after a partnership with the publisher of popular battle royale game PUBG, Krafton. Through this collaboration, Krafton will be developing blockchain games on the Solana network.

As of late, a number of companies have announced partnerships with Solana and launched projects on its blockchain. Black Tackle, a Web3 gaming startup, announced on Tuesday that it is working on a Solana NFT skateboarding game. Coinbase has also added Solana token support to its wallet browser extension.

Moreover, The Giving Block added support for the Solana blockchain to its platform. It now allows donors to contribute to more than 1,400 charities using SOL. As such, SOL holders via The Giving Block’s platform can contribute to causes like Ukraine relief, animal welfare, education, or the environment. Grayscale, an asset management firm, introduced a non-Ethereum altcoin fund, this week, made of 24% Solana. It also contains 24% Cardano, while other cryptocurrencies make up the remaining 4 to 16%. It should be noted that Grayscale has a dedicated Solana trust for those focusing exclusively on SOL.

Orca, a Solana decentralized exchange, introduced a new feature called Whirlpools which is still in the beta stage. It allows traders to concentrate liquidity in pools and achieve greater financial returns. Orcanaut NFT holders will have the advantage of having access to the Whirlpools beta. This will remain in early access for about two weeks.

Despite ample buzz around Solana, SOL is still down from its all-time high of $260. At the time of writing this article, SOL was trading at $103.93, up by 7.37% in the last 24-hours.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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