Picture this world, one where Solana NFTs are more than JPEGs, but living, breathing, engaging experiences. Think in-game assets that evolve with gameplay, concert tickets that unlock exclusive content, or digital art that reacts to real-world events. That future hinges on innovation, and Metaplex, the platform powering much of the...
Yet today, the Solana NFT space is simultaneously alive with anticipation and overrun with controversy. Metaplex’s recent proposal to sweep more than 54,000 unclaimed SOL tokens—worth nearly $7.3 million—into its DAO treasury. This decision has sparked fury from existing NFT holders. It presents troubling issues regarding transparency, user trust, and...
The legal battle includes metaplex, a Solana NFT platform. This announcement follows the company’s recent announcement regarding its plans to transfer approximately 54,000 SOL from these user-funded wallets into its DAO treasury. The move, meant to take place on April 25 2025, will include, as Metaplex has called it, unclaimed...
Additionally, Metaplex just completed a sweep totaling around $6.5 million in SOL, Solana’s native currency. This enforcement action against stagnant candy machines emphasizes the protocol’s use in NFT creation on the Solana blockchain. This move, intended to bolster the Metaplex DAO treasury, has sparked considerable debate and raised serious legal...
Metaplex is now being sued by Burwick Law. The umbrella Solana-based NFT platform announced plans to sweep more than $6.5 million worth of unclaimed Solana (SOL) tokens into its treasury. As a possible remedy, the law firm warns that if Metaplex proceeds with the plan, it may be subject to...
Hayden Adams, founder of Uniswap recently shared his excitement for Solana on Twitter. He thinks it’s the best layer 1 blockchain to scale decentralized finance (DeFi). Adams’ endorsement is particularly notable, given that Uniswap Labs just introduced its own layer 2 solution on Ethereum. They called it Unichain. His viewpoint...
The decentralized finance (DeFi) landscape is rapidly evolving, with new platforms and technologies continually emerging to disrupt the status quo. Just this past week, Hayden Adams, founder of the Uniswap protocol, tweeted out something radical. This news has sent shockwaves throughout the crypto community, as Uniswap is the largest decentralized...
Now picture Ama, a dynamic business owner in Accra, Ghana. She’s an entrepreneur who owns a microbusiness, selling her handcrafted jewelry, and she hopes to sell more of it outside of her local community. With its vision of borderless finance, DeFi was the ideal answer. Ama quickly discovered a harsh...
Mark my words: within the next two years, Solana will eclipse Ethereum as the go-to platform for Decentralized Finance. I know, it's a bold claim. But seriously though, stop for a minute and consider if you are satisfied with the current state of DeFi on Ethereum.Ethereum's L2: A Scalability Mirage?Ethereum’s...
Even OpenSea, the most popular Ethereum NFT marketplace has expanded onto Solana support. Now, if you’re one of the eligible users in the OS2 closed beta program, you can buy & sell Solana-based tokens. This encompasses the trendiest of memecoins, such as Fartcoin (FARTCOIN) and Dogwifhat (WIF). This integration is...
