Solana’s new phase is ‘much more about finance,’ says Backpack CEO Armani Ferrante
The Solana ecosystem has spent the past year doubling down on a financial infrastructure, Backpack CEO Armani Ferrante told Media.
What to know:
Solana’s latest phase looks a lot less flashy than its memecoin-fueled highs, and that may be the goal.
Armani Ferrante, CEO of crypto exchange Backpack, told media an interview the Solana ecosystem has spent the past year doubling down on a more sober focus: financial infrastructure. A
fter years of experimentation as the wider crypto industry focused on NFTs, games and social tokens, attention is now shifting back toward decentralized finance, trading and payments.
Solana’s latest phase looks a lot less flashy than its memecoin-fueled highs, and that may be the goal.
Armani Ferrante, CEO of crypto exchange Backpack, told media in an interview the Solana ecosystem has spent the past year doubling down on a more sober focus: financial infrastructure. After years of experimentation as the wider crypto industry focused on NFTs, games and social tokens, attention is now shifting back toward decentralized finance, trading and payments.
