Solana Launches $100M Investment For South Korean Web3 Startups
Jun 10, 2022 ·
1m 37s
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Description
Johnny Lee, general manager of games at Solana Labs, says Solana Ventures and Solana Foundation have set up a $100 million investment and grant fund to deploy capital into South...
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Johnny Lee, general manager of games at Solana Labs, says Solana Ventures and Solana Foundation have set up a $100 million investment and grant fund to deploy capital into South Korean web3 startups.
He says the fund will focus on gaming studios, GameFi, NFTs and DeFi in South Korea.
Head of communications at Solana Labs, Austin Federa, says the fund is backed by capital from the Solana community treasury in addition to the venture arm’s pool of capital.
Lee says they want to be flexible; there’s a wide range of project sizes, and team sizes, so some of the investments will be venture-sized checks.
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He says the fund will focus on gaming studios, GameFi, NFTs and DeFi in South Korea.
Head of communications at Solana Labs, Austin Federa, says the fund is backed by capital from the Solana community treasury in addition to the venture arm’s pool of capital.
Lee says they want to be flexible; there’s a wide range of project sizes, and team sizes, so some of the investments will be venture-sized checks.
Information
| Author | Africa Business Radio |
| Organization | Africa Business Radio |
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