“The next phase is onboarding a billion users. Solana was built from the ground up to accommodate this scale. With this funding, Solana Labs is now positioned to bring in the right partners and capital to build products and tooling to get there.” Anatoly Yakovenko, Solana Labs Co-Founder and CEO.
Solana has secured 314 million dollars of investment.
Solana aims to reach a billion users to take crypto into a new age of scalability.
Solana uses a Proof of History. This enables a more efficient network and hence TPS rates are higher than mainstream competitors.
Solana does offer grants to help startups build applications using Rust smart contracts.
Solana also has announced an IDO exchange based on Solana for IDOs.