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Solana to Open “Solana Spaces,” Web3 Headquarters in New York

The Solana Foundation announced the grand opening of Solana Spaces.” The groundbreaking move means that any crypto enthusiast will be able to pop into the retail shop in Hudson Yards, New York City, and find out more about Solana’s projects and Web3 in general.

Perfect Place to Get Acquainted With Web3

Solana (SOL), the 9th largest cryptocurrency by market capitalization, has decided to go the brick and mortar way to engage people. Any curious person will be able to come in and get their first-ever crypto wallet. “Spaces is everyone’s Crypto friend,” reads Solana Spaces’ Twitter.

Moreover, the visitors will be able to earn some USD Coin (USDC) while they’re at it, as the Solana Spaces have a built-in Learn & Earn program. The program also includes tutorials from the top move-to-earn app, STEPN, as well as Phantom & others. Bringing face-to-face lessons about crypto is a great way to educate those who “don’t have that crypto friend.”

What’s more, the Solana Foundation hasn’t forgotten about those who are already advanced in blockchain technology. The $5 million Summer Camp Hackathon began on July 11th and it’s going to run over a month until August 16th. Coders will be able to complete tasks and quests and get a piece of the $5M pie.

Solana (SOL) Price Up by Double Digits

Even though the altcoin has a long way to go to be able to compete with Ethereum (ETH), the recent developments in Solana’s ecosystem made a positive impact on its price. At press time, Solana (SOL) is trading at $40.40, enjoying a 10% profit in the last 24 hours, according to CoinGecko.

The bullish run enabled Solana (SOL) to be among the leaders in the last fortnight with 15.2% in the green. In yearly terms, SOL is up by 44%, indicating that the relatively young crypto project is making all the right moves.

Why You Should Care

Real-life retail stores are very unusual for cryptocurrencies. However, this year has seen the first Bored Ape Yacht Club-themed restaurant. Moreover, Shiba Inu (SHIB) opened Welly’s restaurant in Italy, with plans to expand. As more cryptos are setting up shop in physical places, this could accelerate crypto adoption around the globe.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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Author

Tadas Klimasevskis is a blockchain journalist and content creator, focusing on the latest tendencies of the crypto world and digging deeper into specific innovations like music NFTs, gaming NFTs and Metaverse. Vast experience in social media lets Tadas quickly spot what’s going on in the crypto industry and deliver a story with a unique spin.