Roj Gokal, the co-founder of Solana behind altcoin SOL, drew attention with his latest statements. Gokal revealed his company’s goals in an interview with TechCrunch on May 29. He said he aims to grow 10 to 100 times, primarily through small businesses and infrastructure partnerships. Here are the details…
The person behind altcoin SOL has spoken
In a recent interview with TechCrunch, Solana co-founder Roj Gokal outlined his goals for the blockchain company to grow significantly. He stated that he aims to grow between 10 and 100 times its current size. Gokal stressed that Solana’s expansion will primarily be through partnerships with small businesses and infrastructure providers. Some crypto companies are seeking mainstream adoption by collaborating with big brand names. However, Solana is confident in her ability to succeed independently, focusing on her own unique approach.
Solana is a layer-1 blockchain that hits the market in 2020. Solana has garnered a lot of attention from the developer community since its launch. Excluding stablecoins, Solana is currently the eighth-largest cryptocurrency by market capitalization, with a valuation of approximately $7.6 billion, according to Coinecko data. Gokal sees Solana as the “Apple of crypto”. Because it draws parallels with Apple’s success based on user experience and performance.
Gokal is inspired by Apple
The altcoin founder points to Apple’s goal of perfecting user interactions. He talks about being inspired by his relentless focus on this interaction. In parallel, it emphasizes the critical role of simplicity and flawless functionality. Solana aims to create a financial internet that offers a normal internet-like experience and allows users to effortlessly access decentralized applications and platforms.
In an interesting move, Solana is entering the smartphone market with its web3-focused Android device called Saga. Launched in April, the smartphone is focused on crypto products and services. It offers these services through a mobile device rather than relying solely on computers. In this way, it aims to make these transactions more accessible.
He also highlighted a partnership with San Francisco-based cafe chain Boba Guys, which began exploring a loyalty program built on Solana in April. Gokal said the cafe chain is using NFTs and other tokens to boost sales. Gokal also said that Solana is seeking independent developers. He said the company is investing in hackathons.
Solana focuses on infrastructure
Solana actively strives to remain competitive and innovative in the Blockchain industry. Gokal outlined the company’s core thesis on nurturing new businesses, projects, and independent developers. He emphasized his belief in the potential of small teams to make significant progress. In addition, Solana continues its infrastructure partnerships with a remarkable collaboration with Google Cloud, which was announced in November. This partnership allows users to deploy Solana nodes. On the other hand, Google Cloud also serves as an authenticator for the Solana network.
During the interview, Gokal also expressed interest in a potential partnership with Stripe. He noted that Stripe, a leading online payment processing platform, launched a fiat-crypto on-ramp service in December 2022. He said most of the supported apps are based on Solana as the underlying infrastructure. It’s worth noting that Solana Labs, the team behind Solana, is also exploring ChatGPT and AI features. Anatoly Yakovenko, co-founder and CEO of Solana Labs, addressed these developments in a separate discussion on May 23.
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