Solana is aiming to attract enterprises and financial institutions to its ecosystem through a new unified developer platform, which is focused on tokenization and stablecoins.

The $1 billion AI fund targets investments in stablecoin rails, agent identity, tokenized RWAs and developer tooling for autonomous AI systems.

“The internet is civilization’s town square, and the economic contract is now obsolete,” wrote Sam Ragsdale on an a16z Crypto blog on Sunday.

Crypto exchange Gemini is facing a proposed class-action lawsuit over what a complaint alleges is an “abrupt corporate pivot to a prediction-market-centric business model” after its IPO.

The World Gold Council says it will develop a platform to connect physical gold to the systems used to issue and manage tokenized gold products.