Billionaire Chamath Palihapitiya invests in Solana-focused startup as SOL reaches new high. Social Capital has invested in a company based in the popular altcoin Solana. Social Capital, the company of Sri Lankan-born Canadian billionaire Chamath Palihapitiya, spearheaded an $8 million investment round. Detail cryptocoin.com‘in.
Investing in the popular Altcoin Solana
The Web 3.0 startup is focused on building the Solana blockchain ecosystem. The Houston-based company aims to create a cloud-like infrastructure for the next generation internet. To achieve this, Syndica relies on remote procedure call (RPC) nodes that enable communication between decentralized applications (dApps) and the blockchain. CardPalihapitiya, who invested in Bitcoin in 2013, says he is excited to support Syndica’s journey: “Syndica makes it as easy to build the Solana ecosystem as it does Web 2.0, and we are excited to support this journey.”
Former Facebook executive expects Web 3.0 to revolutionize the internet. Solana recently surpassed Cardano’s market cap for the first time. Earlier today, SOL price climbed to another ATH of $234.07. In September, FTX CEO Sam Bankman-Fried said Solana was experiencing a surge in corporate interest.
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