• A prominent venture capital firm, Placeholder VC, is revealing that they are focusing on accumulating and supporting Solana (SOL).
• Chris Burniske, partner at Placeholder VC, states that the recent FTX debacle has resulted in a redistribution of Solana’s ecosystem.
• He believes that Ethereum still holds a core place in the firm’s being, but they also want to support other ecosystems of merit.
Prominent Venture Capital Firm Reveals its Focus on Altcoin
A prominent venture capital firm is revealing which altcoin it’s focusing on during the next bull cycle. In a new interview on the Unchained Podcast, Chris Burniske, partner at Placeholder VC, tells host Laura Shin that they are now focusing on accumulating and supporting Solana (SOL).
FTX Debacle Led to Redistribution of Ecosystem
Burniske notes that investors critical of SOL due to last year’s FTX debacle can now be glad that many questionable projects built on top of Solana have been purged from its ecosystem. He adds that centralization was a point of focus for them as they want the benefits of these systems to be maximally distributed.
Ethereum Still Has Core Place in Being
Burniske reveals that even though the firm blossomed from investing in Bitcoin (BTC) and ETH, it’s now looking to support other ecosystem’s growth including Solana, which he says has merit as a blockchain both for users and developers. He emphasizes that Ethereum still holds a core place in their being, but they also want to support other ecosystems of merit with differentiated approaches.
Solana Currently Trading at $24.90
At time of writing, SOL is trading for $24.90 , indicating a 7.2% increase during the last 24 hours .
The venture capital firm Placeholder VC is revealing their pick for this bull cycle – Solana (SOL). They believe it has merit as a blockchain both for users and developers and will bring different types of users into its ecosystem. At time of writing SOL is trading for $24.90 , indicating an increase during the last 24 hours .