Solana: One of the Key Players in the Upcoming Web3 Ecosystem
I believe the future will become a world that gravitates around web3, AI, and the Digital world, and Solana, as one of the most robust and promising blockchains has made a lot of growth and significant milestones since their birth. The developer also keeps innovating and making things better which signifies a promising future for the ecosystem.
Currently, every single platform is in the stage of growing and attracting new businesses and investors to get on board into their platform, so to many people, cryptocurrency and blockchain are just another instrument of possible profitable investment, most people are neglecting the huge changes by the invention of blockchain & cryptocurrency.
The rise of the digital world is imminent — Closer than you think.
In 2010, 2016, simply 14 years ago, 8 years ago, who would have thought that AI would progress so much in such a short time frame? from the ability to chat and replies like chatGPT, the ability to create 3d renderings/ 3d views based on prompts, and the ability to create realistic videos simply with a single prompt? Most people don’t realize how close we actually are and diminish the change around us, which is changing faster than ever, especially with the help of AI, our technological growth can grow in a parabolic way, and those who don’t care would be left behind.
2024 will be a truly big and changing year, the starting of a parabolic shift toward the digital world, and also for the upcoming 5 to 10 years, is the crucial point in determining who will be the key player in the next era of digitalization, AI, Web3 & Blockchain.
In my personal opinion, I believe through years of development, Solana with its robust ecosystem and strong technological build will support several narratives and become a big player in the field of enterprises, payments, arts, metaverse, and probably in some other fields too along with future updates & partnerships.
Web3 will dominate — Solana can be a part of the main drive
The birth of blockchain and bitcoin lights up the spark that shakes the system of the world we are living in, and we are all about to enter a new stage of advancement.
Whether someone likes it or not, they would have to opt for web3, it’s inevitable, or they will be left behind, and so, higher-ups, especially those with big capital have long since started to make their move and incorporate themselves into blockchain. The question is, which blockchain should they put themselves into?
Solana brings a great offer for enterprises & entertainment sector since it is secure, fast, and cheap, allowing onboarding companies to perform better and faster, not only that but it has also got Solana pay, which is actually quite easy to use and smooth.
Solana also brings forth a lively and robust community of artists and creators to the space, which is proven by its current status as the second-largest NFT ecosystem after Ethereum, allowing the platform to not only have the tech and facilities but to also have a robust community in the entertainment sector.
Solana is also quite active in the gaming sector, which aligns perfectly with the NFT & payment solution and further enhances its ecosystem. Some promising games are building on Solana such as Aurory and Star Atlas.
A bustling Ecosystem that facilitates the narrative for years to come — AI, DePin, Oracle, Real World Assets (RWA), Cloud Computing & Cloud Storage.
With the Rise of AI and digitalization, the need for its physical hardware will of course rise along with it, and just right at the end of 2023 and early 2024, many projects featuring AI have skyrocketed with big gains and improvements along the way, companies like NVIDIA are positively affected by the changes in the space.
Solana has a complete ecosystem in the hottest narratives for years to come, featuring AI, Spatial Computing, DePIN & RWA.
Starting with AI sector, the Solana ecosystem has $GRT or The graph which at the time of writing has about $2.69B market cap, featuring strong support and technological innovation in the AI sector.
In the space of Spatial computing & Distributed Computing sector, Solana has $ RNDR or The Render Network which is very promising, boasting a currently $2.81B market cap, it has strong growth since 2023, and it is said to have also been partnering together with one of the giant tech companies — Apple, to power their Apple Vision Pro.
In the Real World Asset (RWA) Sector, $Link or Chainlink plays a huge and leading role in the sector with a $10.98B market cap, it creates a token for real-world assets which are very big because things like luxury goods, cars, houses apartments, and buildings, can now be tokenized and it will facilitate an easy transfer using smart contracts.
In the DePin sector, $HNT or Helium Network plays also a big role in providing a strong infrastructure for networks, it boasts a market cap of $1.37B, with a lot of prospects in the future. This project is also a vital change towards decentralization which allows people to provide networks and and allow communications between devices and send data across them.
In the storage sector, $AR or Arweave is a strong competitor in the sector, providing permanent storage with low fees, it is a big player in the sector with a $990.67M market cap.
In the Oracle sector, the Solana ecosystem has 2 big players, which are $Link or Chainlink and $Pyth or Pyth network. Both have great potential with great use cases, Pyth network boasts a $849.6M market cap and is in the rising.
Solana — Supported with a robust ecosystem & technology
Solana has a big chance of becoming one of the key leading blockchains in years to come, it is supported by not only strong foundations and technological advances, it has strong and competitive features, it also has a strong and great ecosystem, with lots of big developers and new developers developing in it.
It is truly a project that you can count as a safe bet if you wanted to invest, and I believe their technology will bring forth a great change into the space.
