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 […]
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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, 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) 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....
The new fund is intended to support the growth of NFT, gaming, and DeFi projects on Solana and to help keep former Terra developers on their feet following Terra’s fall. 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....
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