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Blockchain Project Solana Opens an Office in New York

ByLouis Adams

May 15, 2023 #Blockchain
Reading time: < 1 minute

Solana Labs has recently opened a 25,000-square-foot public office space in Lower Manhattan, New York.

The event was attended by several New York City officials and senior Solana Labs officials, including co-founder Raj Gokal.

Andrew Kimball, President and CEO of the New York City Economic Development Corporation, commented that the city has the potential to become a global hub for Web3.

Gokal added that the company is “doubling down on efforts” to provide a space for creativity and collaboration for start-up entrepreneurs. The office was rented for a ten-year period, though the exact price was not disclosed.

This comes after the February decision to close two offline Solana Spaces stores in New York and Miami due to lack of interest from users.

On May 8, the company released the Saga, a Web3-oriented smartphone with a 6.67-inch OLED display, dual rear camera lenses, 512GB of storage, and a fingerprint scanner, for a cost of $1,000.