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The reason why Solana is "fascinating" is because its community boasts a group of staunch and hardcore developers and "tech geeks," which means that compared to Ethereum and Cosmos, Solana's on-chain innovation is more independent (of course, Placeholder VC is active in both the Solana, Ethereum, and Cosmos communities). Some community contributors are hardware enthusiasts, while others are passionate about network optimization, and validators fulfill their commitments on Solana. Unlike those financial speculators, there are still plenty of exciting BUIDLers on Solana, which is also the vision that Anatoly Yakovenko, co-founder of Solana Labs, hopes to achieve.
While some accuse Anatoly Yakovenko of betraying the ideals of cryptocurrency, he is actually more pragmatic than Vitalik Buterin or Cosmos' Ethan, as he envisioned—to bring blockchain technology to billions of people. We all know that cryptocurrencies go through cycles of prosperity and recession (experiencing them every few years), perhaps it is precisely Anatoly Yakovenko's ideological "commitment" that has helped the Solana community weather market turbulence.
In terms of the ecosystem, Dapp builders on Solana are more like a hybrid of Web2 and Web3, which means they have a deep understanding of cryptographic operations on the backend and the ability to converse with mainstream on the frontend. Undoubtedly, the cryptocurrency industry needs more talents like them, and more importantly, developers in the Solana ecosystem remain remarkably steadfast during bear markets because they know that the future of Web2 will be Web3. If you look at the products in the Solana ecosystem that are highly user-friendly and delivered to mainstream users, you'll see that the Solana "team is getting things done."
Solana ecosystem projects directly collaborated with Placeholder VC include: Vault APP (founded by former FanDuel founders), Orca (team members from Ethereum developers), Solend Protocol (team members also from Ethereum developers), and NATION.
All these teams are filled with ideals and are committed to building products for the community. Frankly speaking, for the current stage of cryptocurrency networks, culture is sometimes more important than technology, and this is precisely the direction that the Solana ecosystem is striving for. |
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