Greylock VC Mike Duboe picks top crypto projects on Solana

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Greylock VC Mike Duboe picks top crypto projects on Solana
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Greylock's Mike Duboe shares the top Solana blockchain projects on his radar. Presented by realMatrixport.

The Ethereum blockchain is the foundation for many popular crypto projects, such as Bored Apes Yacht Club and The Sandbox. But it has a couple of big drawbacks, some Web3 developers say: It's not built to process enormous numbers of transactions, and when there's heavy demand, theOther blockchains have been built to tackle this problem. Among the fastest-growing is Solana, which is designed to keep transaction costs low and speeds high.

Mike Duboe, a partner at the venture capital firm Greylock Partners, has invested in the Solana-based companies Magic Eden and Portals. Insider asked him for his top picks for getting started on the blockchain."At least one area I've been excited about over the last year or two has been NFTs. Digital collectibles are an easy concept to understand if you're not crypto-native.

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