SolanaPrime: Engineering the Solanaverse
Let’s face it, there are quite obvious and undeniably strong reasons why Solana has enjoyed such a breakout success in the crypto space. Sure, one can talk about Ethereum’s well-documented scalability issues and prohibitively high gas fees that discourage and prevent everyday people, not just those in the Western world, from accessing a ‘free and open’ blockchain. One can take into account Solana’s whopping 1,000 live transactions per second or perhaps its minuscule $0.00025 average cost per transaction. A major reason for Solana’s unprecedented popularity may very well lie with developers and projects migrating en masse towards a more capital-efficient Layer 1 network that is fast and scalable. After all, people just want to build metaverse projects, gaming dApps and other innovative concepts on a blockchain that everyone can access without having to mortgage their home or risk going bankrupt.
So many dApp devs are now realizing that building on Ethereum only gives them access to a very limited audience — only the most affluent members of the crypto community. Conversely, building on a cheaper chain can go a long way to introducing their product to a much wider clientele that isn’t able to access Ethereum in its current state. Understandably, developers are drawn to building their dream projects on Solana. Hundreds of projects have already been deployed on the Solana ecosystem and a whopping $10.7 billion total value has been locked in just Solana’s top 10 projects alone. In addition to this massive growth, the liquidity inflows to Solana’s ecosystem have propelled it into the spotlight of an industry that is capitalizing on Ethereum’s scalability issues. In other words, the stage is set and the timing is perfect for the upcoming launch of SolanaPrime.
“A first-of-its-kind Solanaverse-focused launchpad and liquid allocations marketplace rolled into one, SolanaPrime is set to quickly become not only the most capital-efficient primary market ecosystem in the DeFi space, but also the future hub for truly innovative metaverse and gaming projects.”
— Pluto Digital
Let’s take a closer look at what makes SolanaPrime so unique.
SolanaPrime, built by launchpad veterans
By being active across the Solanaverse, and the DeFi ecosystem in general, since its very inception, there is nothing our team hasn’t seen (and learned from) in this space. We are confident in leveraging our wealth of expertise to turbocharge the early-stage financing of projects on Solana. As launchpad veterans, it is painfully obvious to us that the current launchpad system is quite inefficient and, in some cases, completely broken. This is because launchpads in their conventional format are typically characterized by unscalable tokenomics. Idle capital is usually scattered across overcrowded and massively expensive tiers, while glaring information asymmetries exist between the funds and the general community.
This is partly what drove us to design SolanaPrime in such a way as to successfully leverage Solana’s universal accessibility to serve all investors large and small. We have developed the idea of a DAO-governed community that enables the tokenization of the entire pre-money project lifecycle. And that’s just the tip of it. With capital efficiency and complete markets as our guiding principles, we have designed a holistic, yet unique, view of how launchpad economics should function. We have realized that elements such as NFT-ized allocations, insurance products, indices and other derivatives, as well as secondary markets for pre-money vested allocations, should be the key building blocks. The cherry on top is the burgeoning metaverse that promises to revolutionize the way we’re able to interact.
Decentralizing the metaverse
Some 30 years in the making (ever since first described in Neal Stephenson’s classic cyberpunk novel Snow Crash), the metaverse is now firmly entrenched in nearly everyone’s mind. One thing Mr. Stephenson most likely never suspected is that the metaverse is in danger of becoming nothing more than just another corporate-owned advertising channel. Facebook’s recent claim on the “Meta” name sent palpable ripples of discontent across the blockchain community. Decentralization, not monopolization, should be the one true pathway to manifest the Snow Crash author’s vision of an all-encompassing metaverse. A virtual place where everyone gets to create a second life for themselves, away from corporate interests, personal data-mining algorithms and those annoying pop-up ads.
“If the metaverse and GameFi gain mass adoption, it’s expected to bring in billions of dollars, if not trillions! What we have seen so far from existing P2E MMO open worlds is just a short glimpse of what’s to come. The era of traditional games is having its last run before the revolution takes over. We see SolanaPrime as a key gateway facilitating this transition.”
— Llama Ventures
Currently, Solana is the only blockchain network that seems even remotely capable of scaling to such a degree as to enable the first iteration of a non-corporate, truly decentralized, Zuckerberg-free metaverse. The metaverse of the people, for the people. Even now, NFTs, DeFi and gaming worlds are trying to combine with each other in order to form composable economies where people can freely interact inside immersive gaming worlds. Sure, the current primitive graphics and functionalities leave something to be desired, but the level of innovation continues to surprise as projects iterate and refine their visions and products. New and mind-blowing metaverse/gaming concepts are popping up all over the place, relentlessly seeking liquidity and funding mechanisms to launch successfully.
Solana, with its unparalleled transactions-per-second and minuscule fees, is undoubtedly one of the most qualified candidates to support a wide range of on-chain gaming and upcoming metaverse projects. SolanaPrime is poised to establish itself as the gateway for the burgeoning metaverse gaming economy, powering its unique in-game NFT item economy and metaverse DeFi functionalities.
It’s not all fun and games
Taking a look at Solana’s ecosystem beyond the metaverse hype for a moment — synthetics, stables and key liquidity solutions are starting to evolve on Solana because of its attractive liquidity pools. With more than $10B in TVL for the entire protocol, spread across only a handful of DeFi projects, as well as its cross-chain bridges that support transfers, Solana most definitely has the minimal liquidity to jumpstart the next blockchain growth cycle into overdrive. In fact, Solana-based institutional derivatives trading is another area we are currently paying very close attention to.
“Solana can process vast amounts of transactions almost instantaneously, at a fraction of the cost of alternatives. Not only within DeFi but also the traditional space. This brings significant benefits to the ever-evolving financial world, helping to accelerate the pace of mass adoption in blockchain technology. These are just a few of the reasons we are partnering with SolanaPrime for the purpose of launching great new projects in the Solana ecosystem.”
— Sheesha Finance
Any way you look at it, the current state of Solana tech, its potential for growth and its strong, loyal community far outstrip the relative magnitude of its TVL. Solana’s immense growth potential is quite clear to us. The time to act is now.
This is only the beginning. If you truly wish to enter the Solanaverse way before everyone else does, follow us:
https://twitter.com/solana_prime
https://t.me/SolanaPrimeOfficial
