The cryptocurrency revolution through the lens of Solana co-founder Anatoly Yakovenko. Understand his perspective on the future of blockchain technology and its impact on the global financial ecosystem
The Cryptocurrency Revolution
Anatoly Yakovenko, the co-founder of Solana Labs, believes that cryptocurrencies have the potential to disrupt the app store duopoly of Google and Apple. He criticized the current state of software distribution on smartphones, pointing out that the two stores earn more than 30% of revenue just for displaying a top 10 list of the most downloaded applications.
Solana Labs’ Anatoly Yakovenko Impacts the Google-Apple Application Store Duopoly
Cryptocurrency advocates are exploring ways to expand the use of this technology into other markets. Anatoly Yakovenko, co-founder of Solana Labs, proposed the use of cryptocurrency technology as a disruptor to the mobile app store duopoly, where Google and Apple profit by providing users with the ability to purchase software for their phones.
That’s what Yakovenko expressed, as image coins and plunder boxes had no genuine worth. Nonetheless, Yakovenko commented there was a $100 billion portable gaming market behind these, and that the application store duopoly gathered 30% of this income to show a rundown of the main ten applications in every stage.
In 2023, Solana Versatile, a subsidiary of Solana Labs, launched Adventure, its flagship smartphone, which featured the Solana Dapp Store with over 16 apps for various cryptocurrency-based functionalities.
Regardless, Google and Apple control the portable application market, with more than 5 million applications in the Apple Application Store and Google Play. The versatile application market is supposed to reach more than $500 billion in 2024, supporting the income of these designs only for giving the rails to arrive at likely clients.
Solana Labs has one more shot at turning into a piece of this market, as it is at present dealing with its subsequent telephone, Section 2. The organization enlisted more than 100,000 orders in its presale stage, arriving at the number permitting it to assemble the equipment. Likewise, Solana Labs handled more than $20 million in USDC installments without paying charges for this undertaking.
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