A Solana-themed store is opening up in New York City and it is called Solana Spaces located in Hudson Yards in collaboration with the Solana Foundation so let’s read more today in our latest blockchain news today.
Web3 platforms and crypto companies were making inroads into the mainstream culture and celebrities like Steve Aoki, Snoop Dogg, Tom Brady, and Elon Musk got in on all the action. Brands such as Ethereum NFT collection bored Ape Yacht Club branched out into IRL products like the BAYC-themed restaurant in Los Angeles. Solana announced plans to create its own smartphone even and it seems that the value is only rising as the platform mentioned a brick and mortar route. The Solana Spaces Twitter account added that the new space will be a cultural center and an embassy for Solana:
“Inside [the store], you’ll learn how Solana works, what Web3 is. We’ll set you up with a wallet and your first NFTs, and guide you through your first on-chain transactions.”
Lots more about this partnership soon!
— Solana Spaces (@solanaspaces) July 25, 2022
Beyond NFT and Phantom wallet tutorials, the space will provide consumers with an interactive art installation with plenty of the Solana merch being for sale including a limited run of Blanksoles sneakers but before the grand opening. The Solana-themed store opened up its doors this past weekend for a few visitors to preview the store. Even though the store is not open yet, it is gaining quite the buzz on social media where the passersby are taking notice and sharing photos on Twitter. It even caught the attention of the Genie founder and the Uniswap VP.
— SMS Chase Barker (@therealchaseeb) July 26, 2022
Solana whose native crytpo SOL is the ninth biggest crypto by market cap and became quite popular as an alternative to the expensive Ethereum blockchain to trade NFTs that signify ownership and use decentralized apps. The network lags way behind Ethereum in a meaningful metric but the conventional methods of getting the word out such as physical stores might help close the gap more.
Solana has physical stores now.. pic.twitter.com/DdHINYRwEX
— Scott 🦄 (@Scott_eth) July 25, 2022
As earlier reported, If the buying strength enhances again, Solana might break past the current price level and could aim for an overhead price ceiling. If SOL manages to move the $44 price point, visiting the $50 level is not as difficult as it seems. The buying strength and the market sentiment can help Solana regain price momentum with the global crypto market cap being set at $1.07 trillion with a 5.1% negative change. SOL is trading at $41 with the bulls losing momentum once it reached $46. the overhead resistance for Solana was set at $48 which is a move above which can help Solana reach $50 and go above it.
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