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Starting from June 2022, Solana Space operated a brick and mortar store for Solan-branded goods and user onboarding in the development of Hudson Yards in New York. Venture’s largest financial bank was then FTX, and it (with another store in Miami) Fold After the transplantation of the exchange in early 2023.
This week, at Solana’s Accelerate Conference, Solan Space returned as a pop-up store with a new core team. The project does not have FTX backing, but began with a very “2025” source of reboot funding – a memecoin.
The Solana Space Season 2 has more limited ambitions than running the original, pop-up store for crypto goods with crypto conferences. For loyal people who landed on New York Pop-up, a common understanding of a pleasant surprise was that a Memcoin team pulled a brick-and-mortar store activation.
The Lower East side pop-up was stirring with the Crypto original residents on Tuesday morning. Merchas were on sale from various types of Solana-based projects and NFT collections. I bought a mug and checked by paying with stablecoins from the Phantom app on my iPhone.
When another customer came to investigate, Amol Gharte – members of a Solana Space Corps team who were working in the register – the item did not cost and was not in joking that he could make one.
“All this is made anyway,” the customer replied, and the beef and I nodded and shook our head in an unclear declaration. Another customer stepped into payment, but to some extent the sheep -bakers took out a credit card, stating that he wanted to get a credit card points from the purchase.
A fan at the Old Hudson Yards Store launched a memecoin called Store in January, which according to the data from the dex screenser, assumed $ 12 million in market capitalization. Some initial buyers of the tokens – who are now close to $ 3 million in the market cap – came together to revive and revive the Solana spaces, Ghart told me. He said that the Solana Space Team has not sold its tokens and has self-reliant to an vested period.
The project is partially nurtured, but also included sponsorship deals and received grant money from the Solan Foundation, said Ghart.
The vision for the Solana space is to continue the pop-up during the crypto conferences, where the blank space gives a place to the Crypto teams to sell their goods, and the Solana collects 20% of the space advantage, Ghart said. He estimated that 70% of the amount of sales is paid with a credit card compared to 30% in stabelin.
I found Faifu Norbi, who was the founder and CEO of the original Solana Space before the creation of a Jupiter-ADT app called Drip, steaming a cloth banner behind the store. He told me that he was “doubt” when he saw a Memcoin community crop to revive his departure business, but he gave the team some initial capital, support and introduction, and he hoped that he could find out.
Norbi told me that he was initially ready to start a Solana space with a belief that blockchain community can create network states, a Balaji Srinivasan-Kind Term for digital communities that are building their real world communities. Norbi stated that in Crypto, traditional identity markers are replaced with things like profile paintings or goods.
“For me, it has a high meaning. It’s not just a merchant shop. You come here and you find your house, and you walk with a piece of that,” Norbi said.
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