Sorare to Migrate Platform Operations to Solana Blockchain
Sorare’s move to Solana aims to boost transaction speed and cost efficiency, transitioning to Solana NFTs while retaining key features like rarity and metadata.
ETH
SOL
Summary
Sorare has announced a migration to the Solana blockchain starting in October, aiming to improve transaction speed and reduce costs. ETH balances will transfer to Base, and Sorare cards will become Solana NFTs while preserving key attributes. Both ETH and SOL will be supported for payments and rewards, with withdrawals to Ethereum available prior to migration.
Terms & Concepts
- Solana: A high-performance blockchain known for its fast transaction speeds and low fees, commonly used in decentralized applications.
- NFT: Non-fungible tokens are unique digital assets verified on a blockchain, often used for collectibles and gaming.
- Blockchain Migration: The process of moving a platform or application from one blockchain network to another, typically for performance or cost benefits.