HomeCoinsSolana Invests $100million In The Web3 Gaming Industry 

Solana Invests $100million In The Web3 Gaming Industry 

The rising popularity of Web3 is leading to new ventures and developments to bring revolutionary changes in the arena. Recently, the Solana foundation and Solana ventures invested $100 million and a grant fund in Korea to empower various verticals of Web3; special emphasis is on DeFi, game studios, and NFTs.  

Solana Ventures Head Matthew Beck said, “The future of web3 is being built right now.” The investment plan further solidifies Solana’s commitment to Korea-based entrepreneurs as they create high-quality, fun, and dynamic on-chain experiences.  

Korea has always been the hotspot for gaming platforms, right from developing mobile games to pioneering the Web3 ecosystem. Many experts believe Korea’s effort in the gaming industry is responsible for the fund they received from Solana.   

In an interview, Johnny B. Lee, General Manager of games, Solana foundation, commented that they were closely associated with the Korean developers for a long time, which further enabled them to establish a strong network with the Korean market. Solana foundation is offering helping hands towards further developing the Web3 game design so that ideas are metamorphosed into reality.   

Are you wondering why Solana became the first choice for gaming developers? The reason is Solana is one of the most energy-efficient and highly accessible blockchains. Anyone can access it without hassle, whether a developer is an expert or an amateur.   

Hopefully, this great initiative will bring fruitful changes in the Web3 gaming space, allowing users to get the best gaming experience.   

As a passionate content writer, she is always eager to explore new topics. Through her blogs on cryptocurrencies, blockchain technology and non-fungible tokens (NFTs), she intends to help newbies gain a better understanding of the crypto world.


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