The Solana Foundation and Solana Ventures have committed $100 million to non-fungible token (NFT), gaming, and decentralized finance (DeFi) projects on the network in order to assist with the continued growth of Terra (LUNA) projects following its collapse.
Solana (SOL) has announced a $100 million investment in South Korea as it tries to break into a developer market still reeling from last month’s Terra ecosystem collapse. The Solana blockchain’s key players, Solana Ventures and the Solana Foundation have formed a $100 million fund to assist solidify the project’s aim of creating a suitable blockchain for gaming. Last November, Solana Ventures launched a similar $100 million gaming fund with cryptocurrency exchange FTX and Lightspeed Ventures.
However, as per the press release, their emphasis will be on courting South Korea’s crypto games development sector. According to Johnny B. Lee of the Solana Foundation, It’d also back platforms based on Terra, which was stranded after the...
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