One of the biggest blockchain companies, Solana, has opened a store in New York City. In the business of cryptocurrencies, this has never been done before. Even though the store just opened a few days ago, photos are already being posted on different social media sites. Solana hasn’t been afraid to say that the new Solana Spaces store will look and work like an Apple Store. If you are new in Crypto mining, here’s why cryptocurrency trading is beneficial!
This move into real-world retail is big news for Solana, and anyone who has watched Apple grow over the last 20 years will understand why. Most people agree that the opening of the first Apple Store in 2001 was a turning point that made Apple a household name and helped it become one of the most valuable brands in the world.
When Steve Jobs was in charge of Apple, he realized that customers needed a way to learn about and try out all the cool things they could make with Apple products in the real world. Imagine for a second that Solana could one day do even a small amount of what Apple has done with its stores.
Solana’s move is brilliant because it will help regular people understand blockchain and how it works in the real world (IRL). For example, the people who work at Solana Spaces can help you set up your cryptocurrency wallet and buy your first non-fungible tokens. At the same time, you can try out the new Solana phone and buy things with the Solana brand name on them.
There will also be interactive art exhibits and many chances to learn more about Solana and what it hopes for the future of Web3, which is best thought of as the next step in technology after the Internet.
Fans of cryptocurrencies will tell you that Web3 is a blockchain-based online space with no central leader. Solana’s description of the shop as a “Web3 embassy” shouldn’t surprise them. When these things come together, they will help turn the blockchain into something people can see, touch, and interact with.
A type of technology is the blockchain
Most people might find it hard to explain what blockchain is when they think about it. They think of blockchain the same way they think of the internet, which is to say that they just think it is. They might not know all the ways to build on the blockchain.
Most people have heard of Ethereum, but Solana and Avalanche are two other options. So, the success of the Solana brand may depend on how well this type of store works. This isn’t as crazy as it sounds, because soon you’ll be able to buy shoes made by famous athletes and designers under the Solana brand.
There is, of course, a chance that Solana’s whole plan will turn out to be nothing but a very expensive PR and media stunt. How many famous athletes, artists, and fashion designers will be there? And do you think that many people will buy things from Solana?
When Steve Jobs first suggested the idea of an Apple Store, many people said it would hurt Apple’s existing sales channels and leave the company with many expensive retail store locations that wouldn’t make enough money to be worth it. Jobs told them he would never do either of those things because they were wrong.
It’s important to remember that the new Solana store will be in the Hudson Yards development, which is in the middle of Manhattan and poses some challenges. A few years ago, when Hudson Yards opened, there was a lot of talk about it. But when COVID hit, it got very quiet in the city. Since it opened, the New York City real estate project that was supposed to be the biggest in the city in the last few years has had many problems.
How could Web3 be used?
The good news is that “builders build” even when cryptocurrency prices decrease. Right now, they are making plans for the Web3 of the future. If Solana has anything to say about it, he will be in charge and show the way. Solana’s NFTs will be worth the most. Solana will be the best place for things to happen in the metaverse.
Solana will make sure that the encryption on cell phones is the best it has ever been. You get the idea: Solana could use its brand-new Web3 embassy in many ways to attract users, developers, and investors. All the “cool kids” will use Solana as their currency of choice, while everyone else will keep using Ethereum.