Helium Blocks Solana’s Move, Finds Nearly 1M NFT in Action

Crypto-fueled Helium free website has finished his own expected migration from its class-1 blockchain platform i Solana. Founders and supporters of helium see the potential of Solana open up more use cases around the internet—which can be facilitated by a large NFT mint that is locked in motion.

In terms of movement, a NFT is being done to show every physical hotspot node running on the Helium network, after counting over 991,000 Solana NFTs. Hotspot owners will claim their NFT when they enter the hotspot’s wallet, and owners can change or change hotspots as they see fit. they like.

“The Helium developers have taken a picture of the existing blockchain and added the necessary functionality to the new blockchain,” said Helium Foundation Head of Protocol Engineering Noah Prince. Decrypt. “Contracts are not accepted and on the chain.”

More than 150,00 NFTs were recorded on Wednesday morning, according to public blockchain data compiled on the Flipside Crypto analytics platform. The process continues, although the data on the platform is a little slow.

It is the most famous test case to date for Solana’s innovation state pressure featurewhich allows manufacturers to machine large quantities of NFTs for a lower cost compared to other platforms—or Solana’s standard NFT process.

According to the Solana Foundation, the process has cut the estimated cost of mitting 1 million NFT and the value of SOL is about $113 (as of April 5). Compare that to a $253,000 cost of SOL using Solana with compression technology, or about $32,800 worth of MATIC at Ethereum net increase Polygon.

Investigating multiple NFTs on the Ethereum mainnet will cost developers $33.6 million, the Solana Foundation says. Solana’s NFT compression feature can give manufacturers and brands a way to serve large amounts of NFTs to a wider audience at no cost.

Why create a Solana NFT to represent each of the nearly 1 million Helium hotspots? According to the Helium Foundation, the token acts as a network authentication and verification hotspot, all in a decentralized manner. In addition, NFT allows for the integration of the entire ecosystem, including token-gate benefits and access for token holders.

Helium migration to Solana approved through a community vote in September 2022, starting the process of importation the “web of webs”-which incentivizes users to share their mobile services by offering them crypto token rewards-in the public blockchain network used for things like NFT collectibles and DeFi protocols.

The first Helium LoRaWAN network, which provides connectivity for light networks of things (IoT) such as sensors and trackers, is much larger than that hot number. Hotspot users give their home or business Internet bandwidth to power the Internet, and receive signals to access the Internet.

Plus, Helium plays host 5G is a growing network it is more consumer-facing and used for devices such as smartphones and computers. It’s smaller, though: the network currently has more than 8,000 hotspots, including the first 5G hotspots that outnumber Helium IoT hotspots.

Nova Labs, owned by the founders of the Helium network, is starting up Helium Mobile is a mobile phone service in the United States this spring, combining Helium 5G connectivity with T-Mobile’s worldwide 5G coverage. Helium Mobile is sold with the recently launched Solana Saga smartphoneworking with other carriers.

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