New York Warming Up For Solana Retail Store Launch


Solana continues to build on its massive presence despite the challenges of the bear market and the strict cryptocurrency regulations in the United States. As a result, the SOL network is bringing a retail store to New York residents.

Solana Spaces, yet to be launched, was set up in New York City’s Hudson Yards. However, a selected group of thirty individuals were given a preview of the store over the weekend. The store is home to an array of stations, including a private booth for those who intend to set up their Phantom wallet. 

In addition, there was merchandise with well-known phrases used in the crypto-verse like “WAGMI,” “probably nothing,” and others. It is important to note that the store will be accessible to the public on Thursday.

Solana’s latest move doesn’t come as a surprise considering its impeccable growth over the years. However, despite being relatively new to the market, it emerged as a direct competition to the world’s largest altcoin Ethereum.

Interestingly, this is not Solana’s first attempt to have a presence in the real world. Just last month, the network had recently launched a crypto smartphone, which would entail Web3 features as well.

The Hudon Yards’ Solana Spaces is speculated to put these smartphones for sale at the store shortly.

Related: Solana (SOL), an atypical Blockchain with Big Ambitions

Solana Boosts by 9%

Solana was up by nearly 9% over the last 24 hours. At press time, SOL was trading for $40.25 despite the unfavourable conditions of the crypto market. 

However, the 9th-ranked crypto asset still trades about 84% below its all-time high of $260.06. The possible use of SOL at the latest store is expected to drive the asset’s price positively to a certain extent.

Read more: Coinbase Announces Support for Solana Staking.