Solana Ventures Set Up $100M Fund For South Korean Startups

The $100 million investment and grant fund has been launched to fund Web3 startups in South Korea, primarily those involved in DeFi and GameFi.  Solana Continues Expansion 

The fund has been established through the efforts of both Solana Ventures (the VC arm of the Solana ecosystem) and the Solana Foundation (the non-profit arm of the ecosystem). The fund will be supporting the growth and development of the projects centering around non-fungible tokens (NFT), blockchain gaming, and decentralized finance (DeFi) in South Korea. One of the contributors to the fund will be the Solana community treasury, while another source is Solana Venture’s pool of capital. 

The GM for Games at the Solana Foundation, Johnny B. Lee, has commented on the decision to expand into the South …

Source : cryptodaily.co.uk

Leave a Reply

Your email address will not be published.