Hopes High as Charles Hoskinson Speaks on Solana Becoming a Sidechain to Cardano
In a casual conversation between Cardano community members and Solana community members, it appears that both parties are eyeing the possibility of Solana becoming a Cardano sidechain.
Polkadot [DOT] Out-Competes Solana and Cardano in These Metrics
A tweet on 8 December revealed that <a href="https://ambcrypto.com/polkadots-dot-weekly-roundup-has-these-interesting-insights-for-its-traders/">Polkadot</a> out-competed other networks in terms of ecosystem expansion and development activity. This growth, however, did not translate to the social front as engagements and sentiment for <a href="https://ambcrypto.com/will-dot-continue-walking-on-thin-ice-disregarding-polkadots-milestone/">Polkadot</a> declined.
Tensions Erupt Between Magic Eden and Metaplex Over Future of Solana NFTs
<a href="https://decrypt.co/resources/what-is-solana-a-scalable-decentralized-network-for-dapps" target="_blank">Solana</a> has <a href="https://decrypt.co/112110/magic-eden-flip-flops-on-solana-nft-royalties-making-them-optional" target="_blank">been ground zero</a> for the ongoing industry debate <a href="https://decrypt.co/111821/magic-eden-market-share-solana-nft-royalties" target="_blank">over enforcing NFT creator royalties</a>, and now long-simmering disputes between major players in the space have spilled out onto social media as builders try to shift the course of the Solana NFT space.
Solana’s NFT Ecosystem Stands at the Forefront; Can SOL Claim the Same
<a href="https://ambcrypto.com/?s=SOL">Solana’s [SOL]</a> NFT ecosystem gained the attention of many over the last few weeks as it achieved quite a few milestones that looked promising for the network. One of these accomplishments was Solana’s NFT sales reaching an all-time high of 6.7 million in November.
Polygon Founder Debunks Claims of Paying People To Use Chain and Acquiring Brands
Indian software engineer and co-founder of Polygon, Sandeep Nailwal, has responded to claims of Polygon using its investment funds to pay for company acquisitions and bribe people to use the chain. Nailwal’s remarks directly reply to the co-founder of Helius, a Solana-based startup, Mert Mumtaz.
Solana Gains Nearly 6% in Two Days, but Is a Bullish Break Around the Corner
<a href="https://ambcrypto.com/category/bitcoin-news/">Bitcoin</a> was back at an area of resistance that it has toiled beneath since November. The $17.6k-$18k area would be vitally important for the bulls to conquer before they can hope to make further advances. <a href="https://ambcrypto.com/?s=solana">Solana [SOL]</a> witnessed some gains in recent days but its higher timeframe downtrend remained unbroken.
InvestAnswers Host Explains Why Solana ‘Has a Very Good Chance of Surviving’
Recently, James Mullarney, the host of the very popular YouTube channel “InvestAnswers”, explained that although Solana ($SOL) got “a black eye” thanks to its exposure to FTX and Alameda Research, it is far from dead.
Magic Eden Launches NFT Tool To Enforce Creator Royalties
The Solana-based NFT marketplace Magic Eden has <a href="https://twitter.com/MagicEden/status/1598400031999918080?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1598400035112165376%7Ctwgr%5E6717e10540f9948890952e8619898ad99a6dfe6e%7Ctwcon%5Es2_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fmagic-eden-follows-opensea-with-nft-royalty-enforcement-tool" target="_blank">announced</a> the Open Creator Protocol (OCP). OCP is an open-source tool that NFT creators on Solana can deploy to ensure that royalties are paid whenever their assets are traded on secondary marketplaces.
Solana Crashes 55% in November but NFT Trades Still Booming
Solana has been on a downtrend since the collapse of FTX, as investors have been selling their <a href="https://cryptoslate.com/coins/solana/">SOL</a> holdings due to its connection with the Sam Bankman-Fried crypto empire.
Phantom Pivots to Ethereum and Polygon To Become a Multi-Chain Wallet
On Tuesday, 29 November, the leading Solana wallet, Phantom, <a href="https://twitter.com/phantom/status/1597597365774749697?t=Pq8aq4lFRYf1q_T9PWu8rw&s=19" target="_blank">announced</a> that it would enable functionality for assets on the <a href="https://ambcrypto.com/polygon-traders-going-short-on-matic-can-watch-out-for-these-levels/">Polygon</a> and <a href="https://ambcrypto.com/reasons-eth-investors-can-be-disappointed-despite-ethereums-latest-milestone/">Ethereum</a> blockchains.
