THELOGICALINDIAN - Seven Seven Six and Solana Ventures are acquisitive that the highthroughput blockchain will become a hub for decentralized amusing media
Alexis Ohanian’s close Seven Seven Six has partnered with Solana Ventures on a $100 actor action to advance decentralized Web3 amusing media projects.
Reddit Co-Founder Funds Solana Web3
Solana aloof took a footfall afterpiece to acceptable a decentralized amusing media hub.
Reddit co-founder Alexis Ohanian fabricated an actualization at the Solana Breakpoint Conference in Lisbon today, acknowledging that his adventure close Seven Seven Six has partnered with Solana Ventures on a $100 actor action geared appear decentralized amusing projects, such as amusing media congenital on Solana.
There are hopes that this action will added the Web3 movement and advice actualize decentralized versions of accepted web architecture. The ambition of Web3 is to abbreviate centralized ascendancy and acquiesce for ownership, creation, and administration by the association of users themselves. Raj Gokal, COO of Solana Labs, said of the armamentarium launch:
“Web3 turns users and creators into owners and stakeholders, a change that can’t appear anon abundant to amusing media. Amusing media in the metaverse will be a accumulating of millions of arrogant communities, and there’s cipher bigger to advice abundant teams body that approaching than Alexis Ohanian.”
Ohanian’s firm’s declared focus is on people, culture, and community. He claims that Solana’s high-performance blockchain provides “an aberrant befalling to agglutinate amusing and crypto in a way that feels like a Web2 amusing artefact but with the added allurement of allotment users with absolute ownership.” FTX CEO Sam Bankman-Fried has additionally accustomed Solana’s abstruse capabilities aloft the advertisement of his barter partnering with Solana Ventures and Lightspeed Venture Partners for a $100 actor Web3 gaming initiative.
During a Monday altercation at Breakpoint, Bankman-Fried said that decentralized amusing media “could be actually huge,” while additionally highlighting Solana’s aerial throughput capabilities that accomplish it accomplished as the blockchain of best for amusing media.
Disclaimer: At the time of writing, the columnist of this allotment captivated BTC, ETH, and several added cryptocurrencies.
