After FTX collapsed, a determination of crypto entities once tied to the bankrupt crypto exchange are attempting to retract up the pieces and transfer forward. As for Solana — a famous layer-1 blockchain that was backed by FTX and its outspoken founder, Sam Bankman-Fried — its co-founders see this downturn as an opportunity for its team and developers to manufacture and ignore the noise.
“It’s perfect a time of large fear, however there’s large opportunity,” Raj Gokal, co-founding father of Solana, said to TechCrunch. “There’s a lot of signal and a lot of noise.”
Developers in the space who weathered the last crypto market cycle see Solana’s ability to handle excessive stages of transaction throughput as an advantage over some other blockchains and remain bullish on the underlying technology more generally, Gokal explained. “They’re now now not perfect paying attention to what’s happening in the market. What they’re inflamed about is what they can manufacture, and they’re tranquil building it.
“A lot of them feel the urgency to be ready with their products [for] the subsequent cycle so when that subsequent market cycle comes, there can be a lot of latest customers attempting to experiment with products in crypto and we ask that to happen in the subsequent year.”
