Solana Sets Up Huge Office in New York: A Crypto Network Innovation

• Crypto network Solana is opening a new office in Manhattan, New York.
• The news is odd because some brick-and-mortar locations and stores have recently closed down in the area.
• New York has imposed a crypto moratorium to prevent any new digital currency mining companies from setting up quarters within the state’s borders.

Solana Sets Up Office in New York

The popular crypto network Solana is opening a new office in downtown Manhattan, New York. The office will occupy roughly 25,000 square feet in a multiple-story building. Despite recent closures of several brick-and-mortar locations and stores in both New York and Miami, Solana has decided to set up shop in the Empire State.

New York’s Unusual View of Crypto

New York has proven to be quite anti-crypto over the past several years and continues to do so with its implementation of restrictive bills such as the BitLicense and a crypto moratorium which prevents any new digital currency mining companies from setting up quarters within the state’s borders. Furthermore, Leticia James – New York’s present Attorney General – has gone after every digital currency company she can with full force and steam by suing several institutions from Celsius to Ku Coin to Coin Ex.

Solana’s Ten Year Lease

Solana Labs did not purchase the space they are occupying but instead have a ten year lease for floors six through nine at 141 E Houston St.. 75 percent of this space is reserved for Solana ecosystem teams to co-work for free upon approval.

NYCEDC President Speaks Out

New York City Economic Development Corporation (NYCEDC) president and CEO Andrew Kimball expressed his support for Solana’s move by stating that “the addition of leading technology firms like Solana will help create jobs and spur innovation across all five boroughs” as well as noting that “this kind of development further cements NYCEDC’s commitment to creating an equitable recovery across our tech talent hubs.“

Conclusion

Despite being viewed as quite anti-crypto by many, it appears like New York is still an attractive option for innovative projects such as Solana’s new office space in Manhattan. With its commitment to creating jobs and spurring innovation while also having access to some of world’s best talent, it remains an ideal location for tech companies looking for success