Late on Wednesday, Helium network founder Amir Haleem voiced his support on Twitter for the relocation of the decentralized wireless network to Solana — the blockchain ecosystem that may have been particularly severely impacted by FTX’s abrupt financial crash.
He spoke about the community vote that resulted in Helium giving up its own blockchain in favor of Solana’s in late September, saying that “none of the criteria we used to evaluate the various L1 blockchains has changed from when we proposed HIP70 and now.”
The vote of confidence followed a brutal 24-hour decline in the price of digital currencies, during which SOL suffered almost 40% of its value and Helium’s HNT sank by 15%. Haleem, CEO of Helium backer Nova Labs, asserted that the global recession turmoil had not dissuade him from pushing on.
Until lately, the cryptographic protocol WiFi hotspot network Helium ran on its own blockchain. It will combine with that much larger network’s significant tech gambits after migrating to Solana, including Solana’s crypto-focused smartphone.
Last week, it was announced that customers of Solana Labs’ new Saga phones will receive SIM cards and free trials from Nova Labs. Financial information about the arrangement was withheld by the corporations. Helium Network community members opted in September to abandon its own blockchain and switch to the bigger Solana blockchain.
