TLDR:
- Edith Yeung was an early investor in Solana when it was just $0.04 per token, making a significant profit.
- Helium, known for decentralized wireless, is expanding to create a larger decentralized physical infrastructure network.
Edith Yeung, an early investor in Solana, shared her insights in a conversation with Lightspeed Newsletter. She met Anatoly Yakovenko through a mutual friend and was impressed by his idea for a fast and cheap blockchain. Despite skepticism from others and a bear market in 2018-2019, Yeung invested $250,000 at $0.04 per token in the seed round, which later grew significantly in value. She emphasized the importance of founder trust and belief in early-stage investments.
Additionally, Helium, a decentralized wireless company, announced plans to expand beyond its mission to create a larger decentralized physical infrastructure network. The company outlined its Network of Networks initiative to support new decentralized networks for various applications such as asset tracking and disaster detection. Community members speculated about potential implementations, including the introduction of a Proof of Location network.
The article also discusses Magic Eden’s dominance in Solana NFT market share, holding between 90-95% of the trading volume. Helium’s expansion and Solana’s early days with FTX launching decentralized exchange Serum are also highlighted in the newsletter.
