సోలానా వెంచర్స్‌ను ప్రారంభించింది $100 మిలియన్ ఫండ్ దక్షిణ కొరియాలో వెబ్3 ప్రాజెక్ట్‌లపై దృష్టి పెట్టింది

సోలానా వెంచర్స్‌ను ప్రారంభించింది $100 మిలియన్ ఫండ్ దక్షిణ కొరియాలో వెబ్3 ప్రాజెక్ట్‌లపై దృష్టి పెట్టింది

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 (NFTలు), 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 దక్షిణ కొరియా by offering a Web3 fund worth $100 million to startups and developers creating Web3 projects.

Solana Labs’ general manager Johnny Lee told Techcrunch reporter Jacquelyn Melinek that the fund will focus on Web3 applications that revolve around NFTs, defi, blockchain gaming concepts, and gamefi.

Austin Federa, the head of communications at Solana Labs, explained to Melinek that the fund stems from the Solana community treasury and Solana Ventures’ pool of capital.

Solana Ventures Launches $100 Million Fund Focused on Web3 Projects in South Korea
Solana Ventures has dedicated millions of dollars toward Web3 projects and startups.

సోలానా వెంచర్స్, the investment arm of Solana Labs, explained that gaming and non-fungible tokens are popular in South Korea. Lee detailed that a lion’s share of NFT and gaming activities on the Solana network derive from the East Asian country.

“A big portion of Korea’s gaming industry is moving into web3,” Lee detailed on Wednesday. “We want to be flexible; there’s a wide range of project sizes, team sizes, so some of [our investments] will be venture-sized checks,” the Solana Labs general manager remarked.

Solana’s native token solana (వర్చువల్ రియల్ ఎస్టేట్ ధరతో కూడిన టెర్రాజెరో టెక్నాలజీస్ మెటావర్స్ తనఖాలను అందిస్తుంది) is in the top ten crypto market positions in ninth place in terms of capitalization. SOL’s $13.22 billion market capitalization represents 1.03% of the crypto economy’s $1.290 trillion market valuation.

వర్చువల్ రియల్ ఎస్టేట్ ధరతో కూడిన టెర్రాజెరో టెక్నాలజీస్ మెటావర్స్ తనఖాలను అందిస్తుంది, however, is down 39.2% over the last month and 19.6% of the fall was during the past two weeks. In terms of total value locked (TVL) in defi, Solana is ranked fifth with $3.76 బిలియన్. Solana’s TVL in defi has lost 33.96% in the past month, according to defillama.com statistics.

Additionally, Solana suffered another network outage as the network halted block production on June 1. In December 2021, సోలానా వెంచర్స్, in a partnership with Griffin Gaming and Forte, launched a $150 million fund for Web3 products.

Amid the announcement concerning Solana Ventures’ latest fund focused on South Korea and Web3 development, Lee said he expects Solana to showcase “high-quality and fun games” during the last two quarters of 2022.

Tags in this story
Austin Federa, క్రిప్టో, క్రిప్టో ఆస్తి, క్రిప్టోకరెన్సీలు, డీఫై, defi SOL, GameFi, Gaming, gaming finance, gaming industry, Johnny Lee, Market Cap, nft, NFTలు, Non-fungible Token, వర్చువల్ రియల్ ఎస్టేట్ ధరతో కూడిన టెర్రాజెరో టెక్నాలజీస్ మెటావర్స్ తనఖాలను అందిస్తుంది, SOL defi, Solana, Solana (వర్చువల్ రియల్ ఎస్టేట్ ధరతో కూడిన టెర్రాజెరో టెక్నాలజీస్ మెటావర్స్ తనఖాలను అందిస్తుంది), సోలానా వెంచర్స్, Solana Web3, దక్షిణ కొరియా, South Korea Web3, South Korean startups, total value locked, TVL, Web3, Web3 development, Web3 SOL, Web3 South Korea

What do you think about the latest Web3 fund revealed by Solana Ventures? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at krakow3d.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for krakow3d.com News about the disruptive protocols emerging today.




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