Solana Breakpoint: New Products and Partnerships Unveiled

Solana's fourth annual Breakpoint conference took place in Singapore, where numerous companies and projects announced new products under development or soon to be released.

Table of Contents

• Circle to Launch AI Agents on Solana
• Franklin Templeton Plans to Launch Mutual Funds on Solana
• Frankendancer Client Goes Live
• Phantom Announces "Embedded Wallets"

Circle to Launch AI Agents on Solana

Jeremy, CEO of Circle, stated that the company is exploring the combination of USDC and AI agents. They plan to launch AI agents in collaboration with Solana by 2025, designed to ensure the flexibility and security of infrastructure like wallets. The combination of cryptocurrency and AI agents can facilitate automated and intelligent transactions. New technological solutions can also help mitigate high transaction fees and network congestion, making these automated trades more efficient and practical.

AI agents + crypto
– if this, than transact like that, autonomously.

In realtime, without loosing money bc of high transaction fees (tax) and capacity congestion.

Solana is inevitable.$USDC/ @circle / @jerallaire pic.twitter.com/NLM22uPPLo

— Digital Animal 🟠 (@digitalanimal) September 20, 2024

Franklin Templeton Plans to Launch Mutual Funds on Solana

According to information shared by SolanaFloor, asset management firm Franklin Templeton announced at the conference that they will deploy mutual funds on the Solana blockchain. Specific details are still unavailable.

🚨BREAKING BIG: $1.3 trillion asset manager Franklin Templeton (@FTI_US) plans to launch a Mutual Fund on @Solana blockchain.

Source: Solana Breakpoint 2024 pic.twitter.com/F7c5KdEspF

— SolanaFloor (@SolanaFloor) September 20, 2024

Frankendancer Client Goes Live

Solana has traditionally relied heavily on its team's client, a centralized approach that has been criticized. However, an independent validator client developed by Jump Crypto has officially launched on the Solana mainnet. Kevin Bowers, Chief Scientist of Firedancer, demonstrated the operation of Frankendancer on the mainnet at the Solana BreakPoint conference. Firedancer is capable of handling up to 1 million transactions per second (TPS).

Phantom Announces "Embedded Wallets"

Phantom announced the launch of "embedded wallets" at the conference to help developers simplify the onboarding process for new users. These wallets offer several advantages: users don't need seed phrases or to download an app. They can create secure self-custody accounts with just an email address and a four-digit PIN.