Franklin Templeton with Laser Eyes Targets Ethereum and Solana Following Bitcoin Focus
Global investment giant Franklin Templeton sparked speculation about its next moves in the crypto space with tweets praising the potential of Solana and Ethereum.
The firm, overseeing assets exceeding $1.4 trillion, emphasized the growth in potential use cases as blockchains enhance fees and performance, crucially improving the end-user experience. Expressing admiration for Solana’s single atomic state machine vision, particularly impressed by Q4 2023 activities, Franklin Templeton highlighted projects like DePIN, meme coins, NFTs, DeFi, and Firedancer on the Solana Blockchain. Additionally, the company expressed excitement about Ethereum’s future despite recent challenges, citing positive factors like EIP 4844, Alt DA developments, community revitalization, and restaking.
Acknowledging the potential of layer-one blockchains beyond Bitcoin, Ethereum, and Solana, Franklin Templeton pledged continued support, monitoring, and development in these evolving networks. While a spokesperson refrained from specific comments on future fund offerings, the firm affirmed a commitment to observing opportunities in the dynamic digital assets and ETF ecosystems.
Clever Robot News Desk 18th January 2024
