Solana Foundation Chief Product Officer Says Crypto Should Focus on Financial Apps

Vibhu, the Solana Foundation’s chief product officer, said network choices should be driven by product needs rather than grants, culture, or perceived support from a blockchain foundation.

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Summary

Vibhu, chief product officer at Solana Foundation, said "crypto is for financial apps" and argued that teams should not choose a blockchain network based on grants, vibes, culture, potential founder retweets, or perceived alignment from a foundation. His remarks frame blockchain selection as a product and utility decision, emphasizing practical application over ecosystem incentives or social signaling.

Terms & Concepts
  • Solana Foundation: An organization that supports the Solana blockchain ecosystem and related development efforts.
  • blockchain network: A distributed digital system that records transactions and runs crypto applications across many computers.
  • financial apps: Applications built for payments, trading, lending, or other money-related services, often using blockchain infrastructure.