Virtuals Protocol Expands Multichain Operations with Launch on Solana
Virtuals Protocol has expanded to the Solana blockchain, marking a significant step in its multichain growth strategy. Key points include:
- This is Virtuals' first expansion beyond Base.
- The move aims to enhance accessibility and empower developers across ecosystems.
- Solana's speed and scalability were crucial factors in the decision.
- A new feature, Meteora Pool, will create trading opportunities and engagement.
- 1% of trading fees will be converted to SOL for the Strategic SOL Reserve (SSR).
- A grant program offers 42,000 $VIRTUAL tokens to support early-stage development on both Base and Solana chains.
- An AI Hackathon in partnership with the Solana Foundation is planned for March.
- Despite fluctuations in the value of $VIRTUAL, the platform remains optimistic about long-term impact.
This expansion is part of Virtuals' commitment to fostering a diverse and robust multichain ecosystem while supporting a thriving developer community.