The company proudly announced that it stands among the pioneering major payment institutions to directly employ the Solana network for its settlement processes.
An innovative platform, launched just last week, aims to enhance the adoption of Bitcoin by enticing users through win-to-earn games operating entirely on the Bitcoin blockchain.
The redemption plan for the protocol seems heavily biased towards benefiting employees and Parrot's venture investors.
Although Ethereum remains the leading blockchain platform for minting NFTs, there has been a noteworthy surge in sales on smaller blockchain networks in recent weeks.
In both the weekly and daily time periods, Solana (SOL) has formed bullish patterns. If the patterns hold, a significant bullish reversal might occur.
The statement came during the high-profile and long-awaited minting that has captivated the Solana NFT community.
Even though Ethereum developers stated there will be no downtime, FTX decided to halt 'deposits and withdrawals until the Merge is concluded and networks are stable.'
Whitelisted accounts for the Solana-based project will have to wait another day to get their hands on the buzzy NFT collection.
According to Helium core developers, switching to Solana would increase network scalability and result in 'substantial economies of scale' for the network.
According to a blog post from blockchain analysis firm Chainalysis that came out on Tuesday, cryptocurrency hacks caused losses of $1.9 billion in the first seven months of the year. This was caused by a rise in funds stolen from decentralized finance (DeFi) protocols.