News

Solana’s Explosive Growth Plan: Small Business and Infrastructure Partnerships

Key Points:

  • Solana aims to grow 10-100x through small business and infrastructure partnerships, according to co-founder Roj Gokal.
  • SOL has a small business focus, partnering with San Francisco-based cafe chain Boba Guys and investing in hackathons and “hacker houses” to attract independent developers.
  • SOL also focuses on infrastructure, partnering with Google Cloud and expressing interest in a partnership with Stripe. Solana aims to become the “Apple” of crypto, with a smartphone called Saga.
SOL co-founder Raj Gokal shared in a May 29 interview with TechCrunch that the company is planning to grow 10 to 100 times its current size, primarily through the formation of partnerships with small businesses and infrastructure providers.

Gokal stated that SOL is interested in working with partners that are agile and able to iterate quickly, and that they are less interested in large partners that are slow to make decisions.

As an example of this approach, Gokal mentioned a partnership with Boba Guys, a San Francisco-based cafe chain, which has been exploring using SOL to create a loyalty program. Gokal suggested that NFTs and other tokens could be used to incentivize sales and create a more engaging experience for customers.

In addition to working with small businesses, SOL is also pursuing partnerships with infrastructure providers. In November, Solana partnered with Google Cloud to allow users to deploy Solana nodes and to allow Google Cloud to serve as a Solana validator. Gokal also expressed interest in partnering with Stripe, noting that Stripe has already introduced a fiat-to-cryptocurrency onramp, and that the majority of Stripe’s supported apps are based on Solana.

During the interview, Gokal emphasized SOL’s commitment to becoming the “Apple” of crypto, with a focus on user experience and performance. Solana is also producing a smartphone called Saga, which is designed to provide greater infrastructure for third-party projects.

In a separate discussion on May 23, SOL Labs co-founder and CEO Anatoly Yakovenko revealed that Solana is working on ChatGPT and AI features. This suggests that Solana is committed to staying at the forefront of technological innovation in the crypto space.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Annie

Coincu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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