Solana Co-Founder Toly Says Foundation Cannot Guarantee Product Success

Solana co-founder Toly responded on August 10 to criticism that the Solana Foundation strongly supported Phoenix and caused Flash.Trade to shut down. According to PANews, he said the foundation cannot guarantee product success and that its role is limited to early promotional support when a product launches.Toly said that if another product competing with Phoenix is launched, the foundation can try to help that team get started. He added that the amount of attention and the final outcome depend on the product itself, including whether it is novel, good, and liked by users for its marketing story.