$100M fund for GameFi and DeFi

Solana Ventures has set up a fund in South Korea to support the NFT, gaming and DeFi projects on Solana and to help keep the former Terra developers going.

This fund helps solidify Solana which aims to become the ideal blockchain for gaming and is banking on the interest in gaming finance (GameFi) to increase in the country.

This fund is also a boost for the ecosystem growth and address the infrequent network instability that has seen the operation of the network halted since last year.