Express

Solana Co-founder: NFTs are the Early Starts of True Web Social Networks

Amy Liu

Summary: In a recent interview with Business Insider, Solana co-founder Anatoly Yakovenko remarked that NFTs are in fact the early prototypes of how social media networks will look in the future. In fact, over 73,000 NFT sales worth a whopping $271.5 million have been made in just the past week alone.  Yakovenko noted, “I think these ...

In a recent interview with Business Insider, Solana co-founder Anatoly Yakovenko remarked that NFTs are in fact the early prototypes of how social media networks will look in the future. In fact, over 73,000 NFT sales worth a whopping $271.5 million have been made in just the past week alone. 

Yakovenko noted, “I think these are the early starts of true web social networks that do not rely on ads for monetization, that don’t rely on Google or Facebook to function. They are purely these digital communities.”

By Amy Liu

Last Update:

Tags: ,,
Link: Solana Co-founder: NFTs are the Early Starts of True Web Social Networks   [Copy]
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 12 hours ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 3 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 6 days ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 6 days ago
  • Trump Adviser's "Whale Debut" with $680M Bitcoin Bet Faces Early Losses 8 days ago
  • You need to login to comment.