{"id":94108,"date":"2024-09-21T09:21:17","date_gmt":"2024-09-21T13:21:17","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=94108"},"modified":"2024-09-21T09:23:13","modified_gmt":"2024-09-21T13:23:13","slug":"powerledger-joins-solana-mainnet-ecosystem","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/powerledger-joins-solana-mainnet-ecosystem\/","title":{"rendered":"Powerledger Joins Solana Mainnet Ecosystem"},"content":{"rendered":"\n

Powerledger co-founder John Bulich says the expansion underscores \u201cthat sustainability is a common goal that transcends ecosystems.\u201d<\/p>\n\n\n\n

\"Powerledger<\/figure>\n\n\n\n

Australian energy tech company Powerledger has announced its expansion into the Solana ecosystem<\/a>, emphasizing shared values with the blockchain network as interest in Regenerative Finance (ReFi) grows.<\/p>\n\n\n\n

\u201cAt the heart of both Powerledger and Solana is a shared vision of innovation, sustainability, and transparency \u2014 values that are becoming increasingly critical as the world shifts toward ReFi and sustainability,\u201d a Powerledger spokesperson told Cointelegraph on September 21.<\/p>\n\n\n\n

Powerledger Co-Founder Highlights \u2018crypto can be a force for good\u2019<\/h2>\n\n\n\n

ReFi seeks to establish economic systems that prioritize social, environmental, and economic well-being in addition to financial returns. <\/p>\n\n\n\n

According to CoinGecko data\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, the ReFi market capitalization stands at $110.57 million at the time of writing.<\/p>\n\n\n\n

Powerledger\u2019s integration with Solana aims to enhance \u201cthe clean energy and sustainability narratives within the blockchain space,\u201d the spokesperson added, calling it a \u201csignificant step in aligning financial innovation with planetary well-being.\u201d<\/p>\n\n\n\n

John Bulich, Powerledger\u2019s co-founder, told Cointelegraph that the company\u2019s move to the Solana mainnet not only amplifies \u201cthe narratives of clean energy within the blockchain space but also underscores that sustainability is a common goal that transcends ecosystems, reinforcing that crypto can be a force for good.\u201d<\/p>\n\n\n\n

Powerledger to Discontinue Operating SVM Blockchain<\/h2>\n\n\n\n

Powerledger will integrate its products with the Solana mainnet and will no longer operate its own Solana Virtual Machine (SVM) blockchain<\/a>. <\/p>\n\n\n\n

After over 12 months of using the SVM blockchain, Powerledger claims to have \u201cgained valuable expertise on how to make best use of the SVM technology.\u201d<\/p>\n\n\n\n

\u201cThis next step in expanding onto Solana mainnet is a key milestone in building on an open and common platform,\u201d the company stated.<\/p>\n\n\n\n

The Powerledger (POWR) token will become a native token in the Solana ecosystem while also remaining an ERC-20 token. <\/p>\n\n\n\n

At the time of writing, according to CoinMarketCap, POWR is trading at $0.22, up 16.75% since September 14.<\/p>\n\n\n\n

Powerledger\u2019s blockchain-based energy solutions include peer-to-peer energy trading, virtual power plants, and trading of carbon credits and renewable energy certificates (REC).<\/p>\n\n\n\n

This development follows the September 13 announcement that Worldcoin is introducing seamless World ID integration for Solana via a new cross-chain protocol from the Wormhole Foundation. <\/p>\n\n\n\n

A Worldcoin blog post<\/use><\/svg><\/span><\/a> noted that the cross-platform bridge was completed two and a half months after the Wormhole Foundation was named a Wave1 Community Grants recipient.<\/p>\n","protected":false},"excerpt":{"rendered":"

Powerledger co-founder John Bulich says the expansion underscores \u201cthat sustainability is a common goal that transcends ecosystems.\u201d Australian energy tech company Powerledger has announced its expansion into the Solana ecosystem, emphasizing shared values with the blockchain network as interest in Regenerative Finance (ReFi) grows. \u201cAt the heart of both Powerledger and Solana is a shared […]<\/p>\n","protected":false},"author":56,"featured_media":94115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[12094,1390,21947,275,21946],"class_list":["post-94108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-adoption-2","tag-australia","tag-powerledger","tag-solana","tag-solana-mainnet-ecosystem"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/09\/Powerledger-Joins-Solana-Mainnet-Ecosystem.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/94108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=94108"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/94108\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/94115"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=94108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=94108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=94108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}