Solana has come far after FTX collapsed last year. We asked Dominic Tsang, former Head of Business Development at Solana, how the ecosystem and community were able to pull off one of the greatest come...
Solana has come far after FTX collapsed last year. We asked Dominic Tsang, former Head of Business Development at Solana, how the ecosystem and community were able to pull off one of the greatest comeback stories in crypto of all time?
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Transcript
FTX was a big catastrophe, I would say. How has that affected the whole ecosystem? I think it's been a tough time. Like everyone's within Solana, but also people outside of space were probably looking to him because he was kind of pushing crypto adoption or what seemed like crypto adoption in the US, right? And to have that kind of turn out to be just a massive lie was something that I think a lot of people felt disappointed by, obviously. But I think a lot of people ask the right questions. It...
FTX was a big catastrophe, I would say. How has that affected the whole ecosystem? I think it's been a tough time. Like everyone's within Solana, but also people outside of space were probably looking to him because he was kind of pushing crypto adoption or what seemed like crypto adoption in the US, right? And to have that kind of turn out to be just a massive lie was something that I think a lot of people felt disappointed by, obviously. But I think a lot of people ask the right questions. It's like, why should I stick around? Like, am I actually doing something here that's actually creating value? And if so, what is that? The premise has always been like value transfer and settlement and being able to like do that on chain and appear to be a fashion all the way from the start. It's not sexy. Obviously, there's a ton of other use cases that I think are also exciting as well. But this is the one I'm like, this is the hill I'm willing to die on, you know? I think like that's why we wanted to build Solana. We wanted a platform where you could do that in like the cheap, cheap fashion, fast fashion, in a way that just made sense in like a modern society.
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