Solana’s new phase is ‘much more about finance’ says Backpack CEO Ferrante
Solana’s latest phase looks a lot less flashy than its memecoin-fueled highs, and that may be the goal.
Armani Ferrante, CEO of crypto exchange Backpack, told CoinDesk in an interview the Solana ecosystem has spent the past year doubling down on a more sober focus: financial infrastructure. After years of experimentation as the wider crypto industry focused on NFTs, games and social tokens, attention is now shifting back toward decentralized finance, trading and payments.
“People are really starting to think about blockchains as a new kind of financial infrastructure,” Ferrante, who will be speaking at CoinDesk’s Consensus Hong Kong conference next month, said. “It’s less about NFTs, less about random moonshot-like games, and…
