Solana Foundation unveils tool for crypto transactions on any website

June 26, 2024
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Solana Foundation unveils tool for crypto transactions on any website

Photo credit: Shubham Dhage/Unsplash

The Solana Foundation is launching two new developer tools to integrate blockchain transactions into any platform, the organization announced on June 25.

The first feature, dubbed “Solana Actions,” allows users to perform on-chain transactions on websites, social media, and physical QR codes. Meanwhile, blockchain links, or simply “blinks,” convert these actions into shareable links, allowing users to initiate crypto transactions from social media posts or website buttons.

According to Chris Osborn, founder of Dialect, Actions and blinks fulfill one of the internet’s original promises by making online experiences portable, shareable, and actionable on any platform.

“From your X feed, you can buy an NFT, tip a creator, receive money, vote, stake, swap and so much more.”

Dialect provides the developer tools behind Actions, including customizable signing sites and software development kits.

The new features are already available for integration, with several Web3 platforms, including Jupiter, Tensor, Helium, Sanctum, Access, and Realms, having started utilizing them. Some users have also experimented with live blinks on X.

While the new features make crypto transactions easier, they could also be exploited by bad actors through malicious links. The Solana Foundation advises users to be cautious and only trust familiar websites. Additionally, blinks executed on external platforms, such as social media, require extra caution. Launch partners’ domains are whitelisted, and users will be prompted to confirm their trust before connecting to non-whitelisted sites.

Solana’s busy 2024

Described as a blockchain “built for mass adoption” by the Solana Foundation, the network witnessed a spike in active wallet addresses over the past few months. It is cheaper than other platforms, such as Bitcoin and Ethereum, making it an ideal blockchain for memecoins and decentralized infrastructure protocols.

Solana saw significant growth in May, accounting for over 60% of new trading volume on decentralized exchanges, per a recent report. This surge is attributed to a rise in Solana-based tokens, driven by retail users and memecoin popularity.

Elsewhere, crypto accelerator Colosseum announced a $60 million raise for its fund to back early-stage startups in the Solana ecosystem, with investments in select projects that won Solana hackathons.

Read more: Solana next in line for spot ETF after Ether, says CNBC contributor

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