Solana Ventures sets up $100M fund for GameFi and DeFi in South Korea

Cointelegraph

Published Jun 08, 2022 01:46AM ET

Updated Jun 09, 2022 03:40AM ET

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, the fund will help keep some Terra-based projects afloat following the collapse of that ecosystem last month.

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