The number of transactions processed on the Solana blockchain has surpassed 100.000 billion currently, with an average cost of $0,00025 per transaction. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
Solana network reaches 100.000 billion transactions milestone
📍Since its launch in 2019, Solana has processed over 100.000 billion transactions on the blockchain network. According to data published on their website, at the time of writing this article, the number of transactions processed on the Solana blockchain totals 100.119.117.081 transactions, with an average cost of $0,00025 per transaction.
The network is currently processing around 2.800 transactions per second (TPS) and has a total of 1.998 active node validators.
Source: Solana.com
Solana is a decentralized blockchain, focused on scalability and high performance, that is designed to support the next generation of DeFi protocols, NFTs, Web3, and more. Although the blockchain has presented several problems since its implementation, having to be restarted on at least 5 occasions, its use and adoption in the blockchain ecosystem has been imminent.
On the other hand, this network is one of the most environmentally friendly blockchain projects. Recently, the Solana Foundation published a report on energy usage on the Solana network. Although the organization noted that the network's emissions increased by 26%, it highlighted that the carbon footprint per validator has been reduced by 48% in the last year.
New Funko NFT collectibles coming next month
📍American toy retailer Funko will release physical and NFT collectibles alongside Walmart and Warner Bros. Funko CEO Andrew Perlmutter told CoinDesk in an interview that the company wants to continue connecting the real world with the virtual world, which is why it has partnered with entertainment giant Warner Bros. to launch a collectible comic book, called “Brave and the Bold,” which will be available in physical and digital versions and will be offered exclusively through Walmart on October 7.
Users who purchase the comic will be able to claim one of the collectible NFT tokens, which will be minted on Wax, a carbon-neutral, environmentally friendly blockchain. In total, Funko will release a collection of 30.000 units of its collectible comic at Walmart.
This isn’t Funko’s first foray into the NFT world. In July of this year, it partnered with entertainment company Paramount Global to launch a collection of Avatar Legends non-fungible tokens.
Flybondi also adopts NFTs for its ticket office
📍Argentine airline Flybondi will issue tickets on the blockchain as NFT tokens. The integration of NFTs into Flybondi's ticketing seeks to increase accessibility and flexibility for its customers. The airline explained that its customers will be able to buy, sell or transfer their NFT tickets to other users and travelers, up to three days before the scheduled flight.
Flybondi has partnered with blockchain company Travelx to issue its NFT ticketing, as well as integrating some of the largest stablecoins on the market, such as USDC, as a means of payment.
Russia agrees law to use cryptocurrencies in cross-border payments
📍Despite Russia's setback against the crypto community due to its war against Ukraine, the country continues to move towards cryptocurrency adoption. Recently, Russian Deputy Finance Minister Alexei Moiseev announced an agreement between the Central Bank and the Ministry of Finance to establish a general bill allowing cross-border payments in cryptocurrencies.
According to Moiseev, the country already has a regulatory framework that establishes how to acquire cryptocurrencies, what can be done with these digital assets, and how cross-border payments can be processed with these crypto assets.
The new regulatory framework brings Russia closer to its goal of using cryptocurrencies in international trade.
Indonesia wants to boost its economy through tokenization
📍Joko Widodo, the current president of Indonesia, sees asset tokenization as an important ally to boost his productive economy. According to Indonesian Deputy Trade Minister Jerry Sambuaga, the country’s current administration is encouraging tokenization, even though the use of cryptocurrencies as a means of payment is prohibited.
However, Indonesian regulations do allow the trading and dealing of crypto assets, as they are considered commodities. This has made Indonesia one of the most active economies in the crypto ecosystem, with over 14 million cryptocurrency users currently.
Deputy Minister Sambuaga told CoinDesk in an interview that Indonesia wants to leverage this potential to strengthen exports and global trade through blockchain-based tokens, although the approval process for these is still quite rigorous at present.
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