Controversial Statements from the Solana Foundation President: “These Altcoins Are Dead” Lily Liu, President of the Solana Foundation, made noteworthy statements regarding the blockchain-based gaming industry.
“Gaming Altcoins Won’t Make a Comeback” Liu stated in a social media post that “the gaming industry on blockchain will not make a comeback,” adding that the Web3 gaming narrative, which grew with great expectations in recent years, is weakening.
Liu’s comment came in response to news that tech giant Meta might be backtracking on its metaverse strategy. Meta has reportedly spent approximately $80 billion on metaverse projects to date, but has failed to achieve the expected user adoption. Liu alluded to this development, highlighting similar problems in the blockchain gaming field. $MAGMA $RIVER $SIREN
Ripple is expanding its footprint in Brazil by rolling out a full suite of institutional services and applying for a Virtual Asset Service Provider (VASP) license. The company is introducing cross‑border payments, custody, treasury management, and prime brokerage tools as RLUSD stablecoin adoption accelerates across Latin America.
Brazilian institutions are already integrating Ripple’s infrastructure: Banco Genial uses it for same‑day USD disbursements and RLUSD flows, Braza Bank has issued its BBRL stablecoin on the XRP Ledger, and Nomad leverages Ripple for treasury operations. Ripple Custody is also entering the market, supporting tokenization and secure digital asset storage, while RLUSD has surpassed a $1.5 billion market cap and is listed on platforms like Mercado Bitcoin, Foxbit, and Ripio.
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