The GameFi Craze Hits Solana as RaceFi Prepares For Take-Off
GameFi, NFTs, and anything Metaverse related is on an absolute terror in recent weeks as play-to-earn narratives heat up and users begin experiencing the true power of blockchain gaming. Most of this recent activity has been concentrated on Binance Smart Chain (BSC) as Ethereum network fees have priced out many of the world’s most loyal gaming communities found across Southeast Asia. In Vietnam, one company called RaceFi has attracted leading investors and partners for being the first AI/ML integrated car racing game to hit Solana. Similar to BSC, Solana offers rapid transaction speeds at....
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Driven by the recent NFT and DeFi craze, Solana’s SOL set its all-time high earlier today. According to CoinMarketCap, the cryptocurrency is up 12.62% and 70.86% in the past 24 hours and the past week, respectively. SOL’s explosive growth led to the cryptocurrency’s market capitalization soaring to over $43 billion — surpassing Dogecoin to become […]
Solana Ventures has revealed the launch of a $100 million fund dedicated to Web3 startups in South Korea. According to Solana Labs’ general manager Johnny Lee, the capital will be dedicated to non-fungible tokens (NFTs), decentralized finance (defi), and game finance (gamefi) development.
Solana Ventures Reveals $100 Million Web3 Fund Dedicated to Finding Talent and Innovative Startups in South Korea
Proponents behind the smart contract protocol Solana plan to expand into South Korea by offering a Web3 fund worth $100 million to startups and developers creating Web3....
Solana is gunning for Ethereum’s crown as the battle for supremacy among smart contract platforms rages on. Even though Ethereum continues to lead the pack in this regard, it has not discouraged others who have been rapidly growing to steal market share from it. Solana has no doubt been the most powerful of these contenders, […]
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....
While roughly half of the investors joined the GameFi space initially for profits, 89% of GameFi investors succumbed to Crypto Winter 2022. GameFi, the fusion of gaming and decentralized finance (DeFi), attracts a set of investors that tend to choose projects based on their use case rather than money-generating potential.The GameFi ecosystem attracts GenZ investors and gaming enthusiasts. As a result, it stands as an entry point for numerous first-time investors. A ChainPlay survey participated by 2428 GameFi investors revealed that 75% of the respondents joined the crypto space solely....