solana foundation

Solana Foundation is a blockchain platform that provides Web3 infrastructure for everyone, it is an open space for developing flexible crypto apps and achieving high transaction speed. Solana upholds a wide range of popular games, such as multiplayer worlds that include Aurory and Chainers, together with survival puzzle games that include Naga Kingdom, playing these games helps the audience earn cryptocurrencies and NFTs. 

Company deatils:

• Founders: Anatoly Yakovenko, Raj Gokal
• Founded: 2018
• Headquarters: San Francisco, California, United States

Key Features: 

• Known for its high throughput capable of processing 65,000 transactions per second (TPS).
• A decentralized payment protocol known as Solana Pay allows direct payments using the Solana blockchain.
• Provides development toolkit like APIs, SDKs, and frameworks like Anchor and Solana SPL tokens. 
• Allows trading and creation of NFTs.

Solana has raised a total funding of $374M over four rounds, and its latest funding round was a series C, for $314M on June 9th, 2021.

FAQs

1. What is Solana's native token?

SOL is the native token used for staking and paying transaction fees.

2. Why do people buy Solana?

Solana provides quick and fast transactions which are important for high-frequency trading and gaming that handle high transaction volume.