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Defi Developmentthe company that is competing for being Solana’s micro-strategy is expanding internationally through its franchise model.
The company will partner with others who are trying to run their own Solana Treasuries with Defi support. In return, Defi Development holds shares in vehicles in each region. This initiative will be branded with the accelerator of the DFDV Treasury.
“Most cryptocurrency vehicles today follow the MicroStrategy model. What excites us about DFDV is that they’re not just copying playbooks. They’re evolving it.” “By combining Validator Infrastructure, Capital Markets Innovation, and international expansion through the now global franchise model, DFDV is building something structurally different and ahead of the curve.”
Pantera was also an anchor investor Bitmine Immersion Technologiesan etheric finance company supported by Peter Thiel and chaired by Fundstrat Tom Lee. Kraken, Arrington, RK Capital, and Borderless Capital could also support franchise initiatives through potential investments and Treasury, funding guidance and infrastructure.
The move comes in the midst of merging with utilities to allow businesses to pursue the Cryptocurrency strategy, or to emulate the success of micro-strategy investments in Bitcoin. In addition to Bitmine, the betting platform Sharplink Gaming, which is open in May, launched Ether Treasury Strategy and appointed Ethereum co-founder Joseph Lubin as chairman of the board. BIT Digital recently ended Bitcoin mining and focused on the ETH Ministry of Finance and the staking plan.
Solana is a five-year-old public blockchain platform that promises to provide developers and users with faster transaction speeds as well as low prices. According to Coin Metrics, Solana’s value has increased by 7% over the past year, and has grown by nearly 10% within the past month.
In addition to the accumulation of Solana Tokens, the company gets validators that can be used to “bet” tokens (computers that help run the Solana network by verifying transactions). Through staking, users get rewarded by locking Sol tokens on their network.
Defi Development said this week it will introduce its first Sol Guidance per share, and will reach per share by 2028. Currently, 857,749 Sol is held, with 18.8 million shares outstanding, with 0.0457 per share per SoL.
