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On January 27, Web 3.0 SuperLayer announced the launch of the Solana blockchain to create tokenized consumer applications. The platform will allow developers to create “play to earn” (P2E) projects using the RLY token.
Blockchain-based social media is still in its infancy, but has the potential to reach billions of users, according to Solana Labs head of communications Austin Feder. The RLY Network is a great launching pad, so the SOL team is looking forward to working with SuperLayer.
The new partnership will allow users to access 2.5 million RLY each day in network rewards and 100 million RLY bonuses for supporting the development and growth of a number of social token projects on the Solana blockchain.
SuperLayer Managing Partners Kevin Chow and Mahesh Vellanki said the Solana network is built to address and overcome the major challenges that keep most users hesitant to use Web 3.0.
In particular, many of the decentralized processes are slow and have exorbitant network fees. At the same time, SOL is a fast, low-cost, and energy-efficient blockchain capable of hosting versatile and complex applications using smart contracts.
At 12:26 UTC on January 27, RLY was worth $0.2174. This is 2.5% lower than the day before. At the same time, the daily trading volume increased by 21%, to $6.66 million. The market capitalization of the asset is $512.87 million. There are 2.36 billion coins out of 15 billion in circulation. The token is listed on Huobi Global, Bitget, KuCoin crypto exchanges and Gate.io.
Earlier, the Crypto.ru editors announced a partnership between Wyre, a cryptocurrency infrastructure provider, and the Stellar network to exchange digital assets for the Brazilian real and the Argentine peso.
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