Solana Ventures Starts a $100 Million Fund

Solana Ventures, the investment arm of Solana, will start a $100 million fund to support startups around Web 3.0 in South Korea. The main interests will be around NFTs, DeFi and GameFi.

Solana is one of the 10 most powerful cryptocurrencies worldwide and its strong position give it an advantage to enter the market massively. This is not the first time that Solana is investing actively as in December 2021, had participated at another fund $150 million along with Griffin Gaming and Forte.

The focus for Solana towards the gaming industry is a strategic choice for Solana that want to approach a sector where cryptos can be adopted much easier.