Solana Introduces ‘Blinks’ and ‘Actions’ for Crypto Trading on Social Apps

by | Jun 26, 2024 | Cryptocurrency | 0 comments

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The Solana blockchain has introduced new features called “Actions” and “Blinks,” designed to simplify and expand the accessibility of blockchain transactions, particularly for meme coins. Developed in collaboration with the Solana Foundation and the development shop Dialect, these features enable users to transact directly from websites and social media platforms they use daily.

Actions allow users to execute on-chain transactions across various platforms, including websites, social media, and physical QR codes. This integration aims to make blockchain interactions seamless, supporting popular Solana wallets like Phantom and Backpack from the start. Other platforms can integrate these features by following the developer documentation provided by Solana.

Solana has become a central hub for meme coin trading, hosting assets like Iggy Azalea’s Mother token ($MOTHER) and dogwifhat ($WIF). Despite criticism that meme coin trading resembles gambling, proponents believe the hype around these coins could drive blockchain technology into mainstream adoption.

However, for blockchain to become ubiquitous, the underlying technology needs significant improvements. Complicated wallet software and hard-to-navigate trading platforms have made it difficult for newcomers to engage in crypto trading. Solana’s new features aim to address these issues by embedding blockchain functionality into familiar web and social media environments.

Actions and Blinks allow users to interact with blockchain assets through simple links embedded in social media posts and websites. For example, a user could embed an “Action” into an X post about a meme coin, allowing others to click and initiate a transaction directly, adding the token to their blockchain wallet. “Blinks” enable users to share these actions with their followers, further promoting ease of access.

This approach contrasts with other ecosystems like Farcaster on Coinbase’s Base blockchain, where users embed direct links to blockchain assets in posts. While Farcaster and Solana share similarities, Solana’s tech integrates blockchain functionality into existing Web2 apps rather than standalone Web3 apps.

The Solana Foundation’s head of ecosystem engineering, Jon Wong, highlights that these new features are a step toward mainstream blockchain adoption. By making blockchain transactions more accessible and integrated into daily digital interactions, Solana aims to overcome the accessibility issues that have long plagued the industry.

Chris Osborn, founder of Dialect, envisions that delivering these actions into social media feeds like X, Reddit, and potentially Discord is just the beginning. He is excited about the potential of Actions to transform the web, anticipating a future where the true “Web3” internet emerges from these innovations.

These developments mark a significant stride in making blockchain technology more user-friendly and widely adopted, potentially changing how digital interactions occur on the internet.

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