Via an official announcement on their social media account, the founder of Solana Spaces, Vibhu, announced that their physical stores in New York and Miami would close. The decision will come into effect by the end of February 2023. Related Reading: Polygon Fires 20% Of Its Workforce, Here’s Why The Solana Spaces initiative was launched under the “Web3 in real life” motto as physical spaces for crypto enthusiasts to learn, experience, and receive rewards by getting involved in the sector. In that sense, it was the “first immersive Web3 learning space” to learn about the Solana ecosystem and blockchain. Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today! SOL’s price moving to the upside on the daily chart. Source: SOLUSDT Tradingview Bear Market Takes Another Victim, What’s Next For Solana Spaces Via social media, the initiative’s founder claimed that the project would pivot from a physical experience into digital products. The project has launched a non-fungible token (NFT) which has over 100,000 sign-ups, Vibhu said while adding the following: Solana Spaces was a startup that I founded just over a year ago. Our startup costs were funded by Solana Foundation, but we are deeply thankful to Phantom, and Orca, and many other ecosystem teams for sponsoring Solana Spaces over the last year. Over its one-year history, the project announced over 30 partnerships, 50 events, a decentralized autonomous organization (DAO), and a “myriad experiments,” its founder said. In addition, over 75,000 people took part in the Solana experience as an effort to onboard more users into its ecosystem. As the project grew, the price of major cryptocurrencies, including SOL, trended to the downside. The persistent downside action has forced several projects, companies, and entities to file for bankruptcy or restructure in some capacity to continue operating. In that sense, Vibhu said: BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? 570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild. io. Play Now! Over the last 2 months, it became increasingly clear to me that we were at an inflection point with our stores and our digital products, and a few weeks ago we made the call to focus our ongoing efforts on DRiP. Over the coming months, the project will pivot and focus on supporting “Solana In Real Life (IRL)” via its DAO. The project will open-source the software its brand uses to achieve this objective. The IRL initiatives will continue in different locations. Currently, the project is looking for new spaces in NYC and Miami to migrate its operations. Related Reading: Breaking: Microsoft Partners With Ankr Network To Offer Enterprise Services In the coming week, users can still visit the IRL spaces in Miami and New York and receive “some free high-quality Solana gear. ” Vibhu asks visitors the following: Do us a favor when you do – share a picture and what you got on Twitter so we can all together enjoy the final week of Solana Spaces. Share Tweet Share Share Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Sign Up I consent to my submitted data being collected and stored. Leave this field empty if you're human: Reynaldo Marquez Related Posts Breaking: Microsoft Partners With Ankr Network To Offer Enterprise Services 11 hours ago Binance CEO Denies Delisting USDC Amid SEC Crackdown 4 days ago SEC To Sue Firm Behind Failed Terra Stablecoin, Terraform Labs 5 days ago Ethereum Devs Found Critical Bug Ahead Of Major Upgrade 5 days ago Ripple To Sponsor Fintech Initiative At U. S. Ivy League College 5 days ago How This Company “Snitched” On Binance To Get An Advantage In Stablecoin Race 1 week ago.