Rising rapidly, falling deeply: Solana was the high-flyer of 2021 – and became the big loser of 2022. It was only network failures that shook investor confidence. Then came the FTX crash in November 2022. The failed US crypto empire was one of the main financiers of the Solana ecosystem. The result: a price loss of 94 percent. And a lot of scorched earth.
Whoever enters the Solana Build Station in Berlin-Mitte feels one thing above all: zest for action. Programmers, artists and business people gather here every day for six weeks. It is a global hackathon organized by the six-strong Solana super team, the German presence of the blockchain. Up to five million US dollars in prizes are advertised. The mood is exuberant. Techno is pumping out of the speakers, NFT art hangs on the walls: silly comics, abstract action paintings. Neon lights are everywhere. The audience: young, mostly male, often style-conscious, otherwise a colorful mix.
Solana: A site visit
You meet curious bitcoiners, renegades from the classic banking sector, machine builders who feed AIs with data and program on the blockchain in their free time, curious VCs. There are workshops, open office hours and every Friday: parties, with happy hour of course.
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