The launch comes only weeks after Solana drew $60 million in funding for projects in Brazil, Russia, India and Ukraine.
Solana Foundation launched a $20 million fund to further the ecosystem’s expansion in South Korea with blockchain fund ROK Capital.
- ROK Capital hopes to spur Solana-based infrastructure projects in Web 3 and decentralized finance (DeFI), it said Thursday.
- The fund is also backed by blockchain consulting firm 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 successfully accelerate in Korea,” ROK Capital General Partner Brian Kang said.
- The fund's launch follows only weeks after Solana drew $60 million in funding from Hacken, Gate.io and others to support projects in Brazil, Russia, India and Ukraine.
All writers’ opinions are their own and do not constitute financial advice in any way whatsoever. Nothing published by CoinDesk constitutes an investment recommendation, nor should any data or Content published by CoinDesk be relied upon for any investment activities. CoinDesk strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.