Solana Spaces store expected to bring 100,000 people a month to Solana – CEO Vibhu Norby

Solana Spaces store expected to bring 100,000 people a month to Solana - CEO Vibhu Norby

400 people – that’s the result the first Solana Spaces store recorded on its opening day. With the new locations in both the United States and around the world, the number of users is expected to grow significantly.

Grand opening

On Thursday, July 28, thanks to a grant provided by the Solana Fund, the first Solana Spaces store opened in New York’s Hudson Yards shopping center. The venture’s CEO, Vibhu Norby, in a Twitter AMA organized on this account, noted that the store is designed to teach new users how to use decentralized applications (DApps). He also outlined the numbers this would bring to the ecosystem itself:

“I don’t think people realize it, but through the stores we’re going to introduce 50,000 to 100,000 people to Solana every month – and that’s just this year.”

Norby also pointed out that 400 people visited the store on opening day. Other outlets in the United States are in turn under construction.

Characteristics of Solana Spaces

Solana Spaces is a store where one can purchase a limited series of goods based on Solana. Nevertheless, its main purpose is quite different. It is primarily a retail tutorial hub, where new users can receive completely free tutorial sessions on how to set up a cryptocurrency wallet, as well as how to connect to various DApps. Each tutorial is based on projects running on Solana’s blockchain. Currently, the hosts of the tutorials on the store are Stepn, Orca, Solana Pay, Metaplex and Magic Eden. For completing the tutorials, customers receive NFTs.

“This is not a store designed as a place where you buy things. It’s a store designed as an educational experience. We sell merch, Solana socks and hoodies and other cool stuff, but that’s not the main point of it,” Norby explains.

Solana Spaces was designed on a retail-as-a-service model. These types of units are primarily showrooms. They are mainly created for products that customers can later purchase online. 

Not a random target

As Norby argues, the people who are most likely to benefit from the store’s offerings are those who have little to no exposure to blockchain. According to him, more than half of the customers who visited the store on launch day had little exposure to Bitcoin and Ether, and some didn’t even know what these coins exactly were. This type of customer is what most satisfies Solana representatives, who plan to open stores, in all countries around the world. Norby noted that a virtual outpost is also under construction. Its details have not yet been disclosed.

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

Share this article

More news

XRP

XRP outperforms Bitcoin and Ethereum

In the past week, XRP decisively outperformed its main rivals, Bitcoin (BTC) and Ethereum (ETH), in terms of capital flows. Moreover, it recorded an impressive $2.7 million…

Solana and Avalanche on the eye of investment funds

Two alternative coins, Solana (SOL) and Avalanche (AVAX), are gaining increasing interest and are successively attracting the attention of investment funds. Although bitcoin (BTC) remains the main…
All articles loaded
No more articles to load

Learn

Cryptocurrency wallets

Cryptocurrency wallets

We talked about security when trading crypto assets in an article titled “Online security“. We also mentioned how important it…
hardware wallets

Cryptocurrency hardware wallets

From the article titled “Cryptocurrency wallets” you learned about the different types of wallets. They were briefly characterized there. Let’s…
Where to buy cryptocurrency brokers

Which cryptocurrency Brokers to use

In the article “Where to Buy Cryptocurrencies (Exchanges)“, we introduced you to which exchange platforms you can purchase cryptocurrencies on.…
Trading cryptocurrencies

Trading cryptocurrency

In the cryptocurrency market, you face many opportunities to invest in cryptocurrency or buy or sell cryptocurrency. If you want…
All articles loaded
No more articles to load

Analyses

All articles loaded
No more articles to load

Latest news

All articles loaded
No more articles to load