SOL

Solana Spaces to Close Brick-and-Mortar Stores in NYC, Miami

by BSCN

February 22, 2023

Solana Spaces is closing its physical storefronts in New York City and Miami in order to focus on NFT airdrop platform DRiP, CEO Vibhu announced.

IRL Stores Opened July 2022

The brick-and-mortar Solana Spaces stores in New York City and Miami are closing, eight months after the experimental crypto storefronts opened to great fanfare.

According to a Twitter post from CEO Vibhu, Solana Spaces is closing the stores in order to focus on the DRiP Non-Fungible Token (NFT) airdrop platform.

“As I told people often, as awesome as the stores were, if we found a more efficient way to bring people into Solana, we would throw our efforts at that,” Vibhu said. “ And as it were, I found that in DRiP. While our stores onboard between 500 and 1000 people per week, DRiP onboards that same quantity EVERY DAY.”

Solana Spaces will be decentralized by making its software open source. The entity is identifying other places in New York and Miami for people to obtain Solana merchandise and attend activities.

The stores officially close Feb. 28.

The following is a note from our founder, @vibhu.

Dear @solanaspaces community,

We’ve made the difficult decision to sunset our stores in NYC and Miami by the end of February, and to pivot our Solana onboarding efforts into digital products like DRiP, our free NFT product with… https://t.co/kjNu9Ay4Gk
— Solana Spaces (@solanaspaces) February 21, 2023

What is Solana:

Solana is a public, open-source blockchain that allows for smart contracts, non-fungible tokens (NFTs), and various decentralized applications (dApps). The SOL token, which is native to Solana's blockchain, provides network security through staking as well as a means of transferring value.