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Benzinga
Benzinga
Business
Shiv Juneja

Solana Ecosystem Looks To Pour $100 Million Into South Korean DeFi and Web3 Projects

The Solana (CRYPTO: SOL) Foundation and Solana Ventures announced on June 7 a pledge of up to $100 million for cryptocurrency and NFT projects across South Korea.

What Happened: According to CoinDesk, the aim of the contribution is to boost the cryptocurrency and virtual gaming industries in South Korea. Austin Federa, communications head for the Solana Foundation, stated the fund's primary focus will be on enhancing the virtual gaming industry and driving higher market share into crypto gaming. 

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