Bankman-Fried discussed crypto social media, GameFi, and upcoming altcoin regulations at Solana Breakpoint. The FTX CEO explains that he is optimistic about GameFi and its social media capabilities. we have cryptocoin.com We have prepared a summary of the explanations. Here are the details…
Sam Bankman-Fried discusses Solana’s future
FTX CEO Sam Bankman-Fried believes Solana (SOL) could become a major hub for gaming and social media. The crypto billionaire touched on the future of blockchain technology in a panel discussion at Solana Breakpoint with Zack Seward of Coindesk and Tristan Yver, Head of Strategy at FTX.US. During the talk, both Bankman-Fried and Yver talked about their vision for FTX, explaining that they are “really excited about a lot of things” and hope to bring “top-notch products” to their user bases. They also discussed FTX’s aggressive marketing strategy, which has seen them partnering with the likes of Tom Brady and Gisele Bündchen, and cryptocurrency regulations in the US.
FTX has shared close ties with Solana in recent months, frequently supporting Solana-based tokens and launching a marketplace for Solana NFTs through FTX US Bankman-Fried, and has also been a strong proponent of high-speed Blockchain. During the panel discussion, he talked about how Solana could benefit from the growth of the so-called “GameFi” space. He said that playing blockchain-based games could be “the future”. He then added that more than half of all crypto users could be involved through gaming in the coming years, thus presenting a “really compelling value proposition” for blockchains like Solana in the industry.
Altcoin projects and social media base
The CEO of FTX also discusses the possibility of social media chain action in the future. Before revealing that he thinks Solana is the best network to build on, he said he thinks social media on blockchain “can definitely be huge.” He also emphasized that this is the only platform currently capable of sufficiently high throughput. Bankman-Fried also said that crypto social media is “a huge opportunity and one that is right for Solana.”
Bankman-Fried isn’t the only crypto personality exploring the possibilities of decentralized social media; In July, Vitalik Buterin discussed how Ethereum could act as a base layer that would allow users to claim ownership of their identity, adding that the network should “expand” beyond DeFi. Stani Kulechov, founder of Aave, also talked about creating “Twitter on Ethereum” as an alternative to centralized social media platforms.
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