The cryptocurrency world continues to develop and expand, with innovation being a critical part of the industry. Despite the recent crypto crash, many new projects are joining the crypto market, and current crypto giants are further developing their features and technology. Among exciting events in the crypto sphere is Solana’s store opening in New York and the upcoming presale launch of the new cryptocurrency PrivaCrip (RCR).
Solana Spaces Store Is Now Open In Manhattan
On July 28, 2022, Solana (SOL) launched its first Solana Spaces store in a Manhattan mall. Solana Spaces’ initial location is in the affluent Hudson Yards retail area. The store provides crypto newcomers with services like DeFi instruction and Phantom wallet activation, as well as Solana clothes and NFTs for sale.
The very first Solana Spaces location is designed to resemble an Apple storefront. It features a concrete floor and white walls, and its staff wear t-shirts and carry iPads. For the time being, the store’s primary function is to serve as an instructional hub for crypto, namely DeFi and NFTs. These storefronts might be utilised in the future to sell and repair Solana smartphones.
Solana is an entertaining blockchain that is easy to use compared to its competitors; this attracts many new crypto users to Solana. At launch, various Solana ecosystem projects, including STEPN, Magic Eden, Solana Pay, Orca, and Metaplex, provided education at Solana Spaces.
The store has an NFT exhibit that showcases the Degenerate Ape Academy collection.
An interactive exhibit at the store depicts what’s occurring on the Solana network in real-time, featuring transactions and NFTs minted. People can also see a demonstration of Solana’s Web3 mobile phone, Solana Saga.
As expected, there is also branded merchandise everywhere around the flagship store, with shirts, sweaters, and caps imprinted with words widely used in the crypto community, such as the rallying cry “WAGMI,” as well as “degen,” “not financial advice,” and “probably nothing.”
Solana Spaces CEO Vibhu Norby stated that the new physical Solana storefront would expose up to 100,000 individuals to the Solana ecosystem each month, while indicating intentions to create a virtual shop soon. The Solana store was opened utilising the grant from the Solana Foundation.
PrivaCrip (PRCR) To Impress The Crypto Community
The new crypto project launching in presale, PrivaCrip (PRCR), offers innovative solutions to the most common issues in the decentralised finance (DeFi) sphere. PrivaCrip is a Layer-1 Cosmos-based platform aiming to address the privacy and security issues that have plagued DeFi since its debut in the crypto market.
It is well known that blockchains must trade confidentiality, security, or speed in order to find a middle ground between these three blockchain pillars. However, the PrivaCrip developer team says they may find common ground by increasing the platform’s security through a proof-of-stake (PoS) protocol, using Tendermint’s Byzantine fault-tolerant consensus methods.
The PrivaCrip (PRCR) network incorporates various methods to secure data privacy. A mixture of encryption techniques, key management, and “Trusted Execution Environments” will be employed to store and process users’ data safely and effectively. The platform’s design allows for roughly 10,000 transactions per second (TPS) when they are used.
PRCR token holders can earn rewards and will receive governance rights in the platform’s Decentralised Autonomous Organisation (DAO). The PrivaCrip DAO will have a say in the project’s future development and any proposed changes to the ecosystem.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.