Solana Ventures to Launch $ 150 Million Fund to Fund Gaming Projects

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Investment division Solana Labs has announced the launch of a new $ 150 million fund. The funds will be invested in gaming projects based on the Solana blockchain.

The fund will be launched in partnership with Forte, which recently raised $ 725 million in another round of funding. Griffin Gaming Partners, a venture capital firm focused on gaming services, will also participate in the launch of the fund.

“There is still no certainty in the ecosystem of what the intersection of computer games and blockchain should look like. I am delighted to partner with Forte and Griffin Gaming Partners to support the next generation of game designers and developers, ”said Matthew Beck, Partner at Solana Ventures.

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The colleague was supported by Pierre Planche, partner of Griffin Gaming Partners. He called games and interactive media the cornerstone of the blockchain. According to him, blockchain developers have made tremendous progress in applying distributed ledger technology to the gaming industry.

Recall that the Solana blockchain is one of the most energy efficient and fast on the market. According to a recent report from the Solana Foundation, transaction processing on the Solana network spends 0.51 W or 1,836 J. This is significantly less than most other blockchains spend confirming transactions.

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