Solana founder Anatoly Yakovenko discusses the crypto downturn on Disrupt – TechCrunch
These are turbulent times for both crypto investors and projects. In recent months, Bitcoin and Ethereum have seen significant declines in their token prices. But investors have given even bigger haircuts to the success stories from the 2021 trip. Solana, a newer blockchain with early Silicon Valley supporters, has so the token price drops from $ 260 in November 2021 to a minimum of $ 26 last month.
Despite the aggressive sales, Solana continues to show signs of adoption as DeFi protocols and NFT store fronts on the network begin to see more action. The platform’s lower fees have attracted developers – the company associates its unique active monthly accounts more than 21 million – but the network has still come under fire for prolonged downtime.
What does a crypto company do in the face of such a frightening landscape? In Solana’s case, it launched one web3-focused mobile phone. It is a bold move, and one of the reasons why we are pleased to announce that Solana’s co-founder, Anatoly Yakovenko, will join us for a bonfire talk on stage at TechCrunch Disrupt October 18-20 in San Francisco.
In a comprehensive conversation, we will talk to Yakovenko about this move towards mobile and its potential appeal to a wider audience versus what it means for hardcore crypto enthusiasts. We want to ask if the steps Solana is taking to become the preferred blockchain for decentralized app developers.
We are also very curious to get his answers to the challenges ahead, as the decline in cryptocurrencies raises concerns about how recently popular networks will keep up the enthusiasm.
And just in case you were wondering if a crypto winter is coming, Solana’s investment arm, Solana Ventures, is launching a $ 100 million fund for South Korean web3 startups.
We have many questions, and here is information about the man who may be able to provide the answers.
Anatoly Yakovenko, co-founder of Solana, has nearly two decades of experience building high-performance operating systems. He led Olympic development at Qualcomm and had engineering roles in both Dropbox and Mesosphere. Yakovenko holds a bachelor’s degree in computer science from the University of Illinois Urbana-Champaign.
TechCrunch Disrupt is back in person on October 18-20 In San Francisco. Early action equates to greater savings. Buy your passport now and save up to $ 1300. Student, government and non-profit passports are available for only $ 195. Prices increase on 29 July.
