2 years ago
Projects expanding from Ethereum to faster and cheaper blockchains similar Solana person been a communal occurrence successful caller months, and societal tokens are hopping connected the bandwagon.
The latest task to marque the plunge into the increasing ecosystem is SuperLayer, a Web 3 task workplace and portion of the RLY network, which announced it was launching onto Solana connected Wednesday.
The studio is simply a faction of the societal token level Rally, whose users voted to split the level into 5 abstracted entities successful August successful a bid for decentralization. (Rally operates arsenic a decentralized autonomous organization, oregon DAO; SuperLayer is to Rally arsenic ConsenSys is to Ethereum.)
SuperLayer says it is presently incubating implicit a twelve Solana-based societal token projects, with further plans to physique play-to-earn games and liquidity offerings for its RLY token.
“Moving to Solana is 1 of the large steps we made to lick a batch of the problems gathering Web 3 products connected a blockchain similar Ethereum,” Mehesh Vellanki, managing spouse of SuperLayer, told CoinDesk successful an interview. “Whether we telephone them engage-to-earn, play-to-earn, learn-to-earn, we’re gathering architecture successful a mode wherever we tin administer rewards to users for doing elemental tasks.”
While the popularity of societal tokens remains dwarfed by request for NFTs connected marketplaces similar OpenSea, Rally’s occurrence connected Ethereum (even with its precocious transaction fees) has been notable.
SuperLayer says 77% of the network’s creators presently boast six-figure token economies, with a fistful eclipsing the $1 cardinal mark, according to a property release.
SuperLayer announced backing in October from a16z partners Marc Andreessen and Chris Dixon, on with concern from celebrities Paris Hilton, Joe Montana and Nas.
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Eli is simply a quality newsman for CoinDesk. He owns BTC, ETH and SOL.
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