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Blockchain Web3 Tech in South Korea

Blockchain firm Solana launches a $100 million fund for South Korean web3 startups

Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated
Blockchain firm Solana launches a $100 million fund for South Korean web3 startups
Photo by Shubham Dhage / Unsplash

Solana, a blockchain service offering platform and one of the giants in the crypto market has launched a $100 million fund and grant to back web3 startups in South Korea.

  • The fund will focus on startups working on gaming studios, GameFi, NFTs, and DeFi in South Korea.
  • The fund is set up by Solana Ventures and Solana Foundations with the capital coming from the Solana community treasury.
  • The investment will support the development and launching of high quality and fun games on the Solana blockchain in the second half of 2022, the firm claims.
Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated

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