New York Warming Up For Solana Retail Store Launch

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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.