Solana Blockchain has unveiled “token extensions” as part of the Solana Network’s SPL token evolution. Token extensions represent a new standard for SPL tokens, offering enhanced functionalities comparable to Ethereum’s ERC-20 token standard.
In a press release on January 24, the Solana Foundation announced the launch of token extensions, specifically designed “to cater to builders across various industries,” including payments, stablecoins, and real-world assets (RWA).
1/ Introducing token extensions on @Solana — unlocking powerful new capabilities for businesses, institutions, and developers building tokenized real-world and digital assets.https://t.co/H5OKBTdCdZ
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