Solana Spaces, a store focused on the Solana ecosystem, has just announced the closure of its stores in New York and Miami.
According to the statement:
"We’ve made the difficult decision to sunset our stores in NYC and Miami by the end of February, and to pivot our Solana onboarding efforts into digital products."
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Solana Spaces founder and CEO Vibhu Norby has said the company made the decision "a few weeks ago." Apparently, the physical stores have not attracted as many users as originally expected.
He has explained:
"Our endowed mission from day one was to experiment with new and disruptive models to bring people to Web3, and to serve the community on behalf of the Solana Foundation."
Norby has added that the "inflection point" with the stores has forced a shift in focus to NFT platform DRiP:
"While our stores onboard between 500 and 1000 people per week, DRiP onboards that same quantity EVERY DAY."