The launch comes just weeks after Solana secured $ 60 million in funding for projects in Brazil, Russia, India and Ukraine.
The Solana Foundation launched a $ 20 million fund to promote the expansion of the ecosystem in South Korea with the blockchain fund ROK Capital.
- ROK Capital hopes to boost Solana-based infrastructure projects on Web 3 and decentralized finance (DeFI), it said Thursday.
- The fund is also backed by blockchain consultancy FactBlock and Korean accelerator DeSpread.
- “Solana is one of the fastest growing networks in the industry and, in addition to injecting capital, this new fund will provide tailored services for projects to be successfully accelerated in Korea,” said Brian Kang, General Partner at ROK Capital.
- The fund’s launch comes just weeks after Solana secured $ 60 million in funding from Hacken, Gate.io and others to support projects in Brazil, Russia, India and Ukraine.
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