Solana Blockchain Receives $100M In Funding To Boost Ecosystem

Solana Blockchain Receives $100M In Funding To Boost Ecosystem

In order to accelerate the growth and advancement of key ventures in Solana’s blockchain ecosystem, five strategic investment funds totaling $100 million have been launched. 5 New Funds Bring $100M According to the company’s press release, the new funding will go toward projects for the Asian market that are being developed on Solana’s blockchain, with […]


Related News

Korean Solana expansion gets $20 million boost

ROK Capital and the Solana Foundation have formed the Solana Eco Fund, aiming to spark a fire of Solana blockchain-based growth in Korea. Solana-related news has surfed a number of headlines in recent months. The blockchain now appears headed for major strides in Korea, with significant funding for its surrounding ecosystem. "As one of the largest crypto markets globally, Korea has an extraordinarily high adoption rate of cryptocurrencies," a representative from Korean firm ROK Capital told Cointelegraph. "By expanding the Solana ecosystem in Korea, we hope to grow the awareness and....

Solana Aims to Raise $450 Million to Battle Ethereum Supremacy

Solana, a proof-of-stake, smart contracts-enabled currency, is aiming to raise $450 million in a funding round that was extended last March. The Solana ecosystem, which is backed by Sam Bankman-Fried, founder and CEO of derivatives exchange FTX, would use these funds to take on Ethereum supremacy in the Defi ecosystem. Solana to Raise $450 Million in Funding Round Solana, the FTX-backed, proof-of-stake coin is aiming to raise $450 million in a funding round that was set to close, but instead expanded in March, according to a report from Decrypt. The outlet, citing anonymous sources, states....

Solana (SOL), Cosmos (ATOM) buck the trend to hit new highs after protocol up...

Solana (SOL) and Cosmos (ATOM) each saw the price of their tokens surge after new interoperability upgrades were revealed. Bitcoin's (BTC) sharp correction below $45,000 sent shockwaves throughout the entire market for a second day and many altcoins are fighting to hold the gains they've accrued since the start of the year. Two exceptions to the current downturn are Solana (SOL) and Cosmos (ATOM), which have both managed to experience minor price breakouts following recent bullish developments for each project. Data from Cointelegraph Markets and TradingView shows that SOL and ATOM saw....

USDC Is Coming to Solana Blockchain in Potential Boost for Non-Ethereum DeFi

USDC moves to Solana – its fourth blockchain – one week after also landing on Stellar.

AAX Reserves $10M to Bring Lucrative Opportunities to the Solana Community

SINGAPORE, June 16, 2021 — AAX, an institutional-grade cryptocurrency exchange powered by the LSEG Millenium matching engine, is throwing its weight behind the Solana platform and its ecosystem projects to promote adoption of the rapidly growing blockchain ecosystem. A total of $10 million has been reserved to support various incentive programs for staking SOL and […]