Solana Ventures and the Solana Foundation have formed a $100 million fund to help support the growth of nonfungible token (NFT), blockchain gaming and decentralized finance (DeFi) projects in South Korea.
In addition to supporting projects built on Solana (SOL), the fund will help keep some Terra-based projects afloat following the collapse of that ecosystem last month.
The Solana Foundation believes the developers from Terra should not be held responsible for what happened on the blockchain network. In an interview reported by Bloomberg on June 8, general manager for games at the Solana Foundation Johnny B. Lee said:
“The developers did nothing really wrong, but they’re left in the lurch.”
The new fund helps solidify Solana’s aim to become an ideal blockchain for gaming. Solana Ventures launched a similar $100 million gaming fund with crypto exchange FTX and Lightspeed Ventures last November. It also has a $150 million fund with game-focused firms Forte and Griffin Gaming Partners....
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...