Solana labs

Last updated: January 30, 2024 10:11 EST Shalini Nagarajan Crypto Reporter Shalini Nagarajan About Author Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector. Last updated: January 30, 2024 10:11 EST Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews Source: Adobe The Solana blockchain crew has moved some team members from one of its divisions to a new entity called Anza.Anza co-founder Jeff Washington, a former engineer at Solana Labs, announced this move on Tuesday, revealing the team’s focus on improving the performance of a Solana Labs validator client called Agave.The Anza team also plans to enhance Solana’s existing infrastructure and develop new applications and products.1/ We're thrilled to announce Anza — a next-gen, @Solana focused dev shop. by execs & engineers from @SolanaLabs, Anza will build a forked validator client called Agave & contribute to major Solana protocols.— Anza (@anza_xyz) January 30, 2024Anza’s Launch a Part of Solana’s Long-Term Vision, Co-Founder saysOn the day of Anza’s launch, Fortune Crypto reported that Solana formed a new entity to address concerns about centralization.About half of Solana Labs’ 100 employees moved to advance the blockchain’s credibility as a decentralized ecosystem, Fortune said.However, Washington described Fortune’s report as inaccurate. He told Cryptonews:“Anza has been part of the long-term vision, and work on the project in earnest began in Spring 2022. Today’s launch is unrelated to any happenings in the industry.”He confirmed that Anza — a “Solana-focused dev shop,” comprises several core engineers from Solana Labs.The new team will also become “core contributors to other projects within the ecosystem,” he added.Washington, Stephen Akridge, Jed Halfon, Amber Christiansen, Pankaj Garg, Jon Cinque, and several engineers from Solana Labs make up Anza’s founding team.How FTX Woes Affected Solana’s TokenSolana’s move to form a new entity follows a year of regulatory scrutiny triggered by FTX’s downfall in 2022.Further, SOL, Solana’s native token, was associated with the “Sam Coins”

RecastSubscribeDownload MP3Episode SummaryOn Episode 1 of #NoSharding, Andrew interviews the CTO of Solana, Greg Fitzgerald.We are a lightning-fast distributed ledger technology for mission-critical decentralized apps. This podcast is a discussion between our staff, community developers, and industry leaders. You can follow us on Twitter @solana or GitHub @solana-labs. DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor.Episode NotesOn Episode 1 of #NoSharding, Andrew interviews the CTO of Solana, Greg Fitzgerald.We are a lightning-fast distributed ledger technology for mission-critical decentralized apps. This podcast is a discussion between our staff, community developers, and industry leaders. You can follow us on Twitter @solana or GitHub @solana-labs.DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor.

OverviewThe Solana network’s performance has continued to improve through the past six months (Sept. 1, 2023 - Feb. 29, 2024), as measured by uptime, the ratio of non-voting-to-voting transactions, time to produce a block, and average and max transactions per second. However, the network suffered an outage on Feb. 6, 2024. Solana ecosystem engineers immediately began triaging the situation and were able to push a fix that led to the network restarting in a little less than five hours, indicating a well-prepared and engaged validator community that enables the network to bounce back more quickly in times of emergency. There are several new features and developments to highlight on the Solana network since the last network performance report in July 2023, including several announcements from Breakpoint 2023, an annual conference for the Solana community:Network upgrades to better handle high traffic and demand, including the rollout of QUIC TPU, stake-weighted QoS, and localized fee markets. Since these network upgrades, the network has performed well in periods of high stress.1.17 update for validators. v1.17 of the Solana Labs validator client includes a number of new features and performance updates that will be activated over time. This includes a ZK proof program that will facilitate performance updates that are expected to reduce transaction latency, reduce resource usage by block-producing validators, and lower startup times for validator restarts. Firedancer, a new validator client from Jump Crypto, is live on testnet. This new validator client is built from the ground up in C++ and has shown significant performance improvements.Token extensions represent the next generation of the SPL token standard. Token extensions represent a comprehensive suite of turnkey solutions tailored to meet the needs of enterprises moving on chain.Over 60% of stake now runs through the Jito validator client. Jito is a validator software client that

Team's deep technical expertise and understanding of the crypto landscape give them an edge in identifying promising opportunities.Till date, the firm has invested in big names in the space, such as Coinbase and Solana's restaking protocol, Solayer. Crypto-Native PowerhousesCoinbase VenturesLeveraging the resources and expertise of Coinbase, one of the world's largest cryptocurrency exchanges, Coinbase Ventures has emerged as a key player in the blockchain VC space. They have invested in a wide range of startups, from infrastructure providers to NFT marketplaces.Beyond financial backing, they provide strategic guidance, technical expertise, and marketing support, ensuring their portfolio companies have the resources to succeed in the DeFi and Web3 spaces. Their involvement often signals a strong vote of confidence to other investors and stakeholders in the industry. Digital Currency Group (DCG)This conglomerate boasts a diverse portfolio of blockchain and digital currency investments. They've backed major players like Grayscale—they manage the world's largest Bitcoin and cryptocurrency investment fund—and Genesis, a leading crypto lending and trading firm that provides prime brokerage services for institutional investors. Blockchain CapitalBlockchain Capital is a pioneering venture capital firm in the crypto sector. Since its inception, it has invested in more than 75 projects, which include some of the most well-known names in the industry. Their portfolio spans a diverse range of technologies and services, reflecting the comprehensive approach they take toward identifying and fostering blockchain innovation. They include the likes of Coinbase, Kraken, Ripple, BlockFi (financial services firm offering yield-earning accounts and crypto loans), and Circle (issuer of USDC). ParadigmA relatively new entrant, Paradigm has quickly solidified itself as a high-impact investor in decentralised finance. With a forward-thinking approach, they back projects that have the potential to revolutionise finance and technology. The fund has a knack for identifying and nurturing startups that aim to solve complex challenges in the blockchain ecosystem. Co-founded by Coinbase co-founder Fred Ehrsam, Paradigm has made high-profile investments in projects like Uniswap and Compound.Emerging Players and Niche FundsBinance LabsBinance Labs is the venture arm of Binance; through funding and mentorship, they play an active role in nurturing and scaling start-ups in Binance's ecosystem. One of Binance Labs' notable initiatives is the Incubation Program. This program targets high-potential startups and provides them with tailored support, including resources and guidance from industry experts. The ultimate goal? To build a more robust and interconnected blockchain ecosystem. From Polygon and Injective Protocol to Axie Infinity and Sandbox, Binance Labs' portfolio demonstrates diversification in blockchain infrastructure, GameFi, DeFi, and more.Solana VenturesWith a laser focus on the Solana blockchain, Solana Ventures aims to accelerate the growth of this high-performance network and its ecosystem of projects. They provide capital and support to teams building on Solana, helping to drive innovation and adoption

Alert the user of any balance changes. GameShift uses only on-chain services from vetted and trusted providers. These strategies prevent a third party from defrauding users of their assets through phishing attacks or hacks.“Our approach allows us to provide an approachable player experience that avoids many of the risks game studios are worried about,” Hart said. Leveraging Google Cloud with Web3With GameShift now deployed on the Google Cloud Marketplace, developers can quickly enable Web3 within their existing Cloud game backend services.This reference architecture hints at what’s possible with GameShift on Google Cloud, including:Supplementing existing player data in BigQuery with GameShift transactions, creating a richer view of player activity.Deploying BigQuery and Vertex AI against the Solana public BigQuery dataset to understand how players interact on-chain.Using Cloud Storage to easily host user-generated content globally.Applying generative AI for gaming assets as well as user-generated content to ensure compliance with content policies, content moderation, toxicity, anti-cheat and player privacy, safety, and security.Using Pub/Sub to rapidly ingest live blockchain event data and trigger in-game activity.Looking AheadThe future of Web3 gaming is bright, and we're excited about upcoming developments:Solana Mobile: Announced at Breakpoint 2024, the next generation web3 mobile device will offer a new platform for mobile Web3 gaming.Solana Permissioned Environments: Combined with GameShift on Google Cloud, Solana Permissioned Environments will allow studios to benefit from the Solana ecosystem while maintaining control over their chain access.Tournament Management: GameShift has just announced a real-money gaming tournament management product, simplifying the integration of fiat and Web3 payments for game tournaments.Google Cloud and GameShift are committed to empowering game developers with the tools and infrastructure they need to create the next generation of engaging, secure, and innovative gaming experiences. Through its collaboration with Solana Labs and the power of GameShift, Google Cloud is helping turn the promise of Web3 gaming into reality.Next StepsWe encourage anyone interested in GameShift and Google Cloud to contact their Google Cloud account rep, contact GameShift, and review the GameShift documentation.Posted inGamingWeb3

As we join the vibrant community at Solana Breakpoint this week, we're excited to share how Google Cloud is helping shape the future of gaming through its partnership with Solana Labs. The Gamer Village at Breakpoint is a testament to the innovative spirit driving Web3 gaming forward, and we're proud to be at the forefront of this revolution. At the nexus of our partnership is GameShift, which provides the full slate of Web3 primitives and actions — like wallets, tokenized assets, and on-chain markets — that games require; as of today, Gameshift’s offerings are now available through the Google Cloud Marketplace.We want to share with the Google Cloud community the potential for Web3 in games, how GameShift can help developers realize this potential, the safety of using GameShift for Web3, and how GameShift and Google Cloud now work together seamlessly. We welcome anyone interested to reach out to their Google Cloud account manager or to GameShift.Google Cloud has long recognized the potential of Web3 technologies. Its support for this ecosystem includes its Blockchain Node Engine product, Web3 BigQuery datasets, and the Web3 for Startups program. As a leading blockchain, Solana brings top transaction throughput, 99.95% uptime, and billions in transactions daily. This integration connects games to millions of users in a unified ecosystem of wallets, assets, and activity. Solana is consistently a top-3 performer in terms of NFT, decentralized exchange trading, and stablecoin volume, as well as transactions-per-second in production, and active wallets. These results make Solana a great option for games seeking to leverage Web3 to create new player experiences and new revenue channels.The Web3 evolution of gamingVideo games are constantly evolving. Just like other forms of media, games need to constantly reinvent themselves to offer novel experiences to their users. This could be in the form of new creative assets, gen AI-generated digital assets, story lines, watermarking, provenance or IP licensing. For the same reason, games developers have been rapid adopters of new technology to not only enable new gameplay mechanics, but also to find their way into new parts of our everyday lives, including crossover points into seemingly mundane activities like loyalty programs. Web3 provides a new avenue for games to reach players with an evolved value proposition. With Web3, games can easily convert their players from customers into partners and co-creators. This is important because players are increasingly sophisticated in their understanding of how they provide