{"id":127464,"date":"2021-06-03T17:30:37","date_gmt":"2021-06-03T17:30:37","guid":{"rendered":"https:\/\/precoinnews.com\/?p=127464"},"modified":"2021-06-03T17:30:37","modified_gmt":"2021-06-03T17:30:37","slug":"korean-solana-expansion-gets-20-million-boost","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/korean-solana-expansion-gets-20-million-boost\/","title":{"rendered":"Korean Solana expansion gets $20 million boost"},"content":{"rendered":"

Solana-related news has surfed a number of headlines in recent months. The blockchain now appears headed for major strides in Korea, with significant funding for its surrounding ecosystem.\u00a0<\/p>\n

“As one of the largest crypto markets globally, Korea has an extraordinarily high adoption rate of cryptocurrencies,” a representative from Korean firm ROK Capital told Cointelegraph. “By expanding the Solana ecosystem in Korea, we hope to grow the awareness and adoption of decentralized applications on the Solana ecosystem as well as encourage and incubate local teams to build on Solana.”<\/p>\n

A new $20 million Solana Eco Fund \u2014 constructed by ROK Capital and the Solana Foundation \u2014 is now available to help out the world of solutions based around the Solana blockchain, said a Thursday public statement provided to Cointelegraph. Several projects have already received funding, including Synthetify and Symmetry. <\/p>\n

\u201cIn addition to injecting capital, this new fund will provide tailored services for projects to successfully accelerate in Korea,\u201d Brain Kang, a general partner at ROK Capital, said.<\/p>\n

\u201cBy partnering with Solana, the firm hopes to bootstrap a range of Solana-focused infrastructure projects, including those related to Web3, Defi, and NFTs,\u201d the statement said of ROK Capital. \u201cThe focus will be on accelerating Solana\u2019s expansion into the Korean market,\u201d the statement added, subsequently noting additional involvement from DeSpread and FactBlock. <\/p>\n

Earlier this morning brought news of another Solana ecosystem-spurring effort, labeled the Solverse Accelerator. The initiative, which is supported by at least 21 companies, will provide mentorship and other resources in support of projects building on the Solana network. Wednesday also saw the opening of a Solana-based market for nonfungible tokens, or NFTs, called Metaplex.<\/p>\n

Solana\u2019s native coin, SOL, sits in 16th position on CoinMarketCap\u2019s rankings list at a price of $39.01 per coin at the time of publication, with a market cap of approximately $10.6 billion.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Solana-related news has surfed a number of<\/p>\n","protected":false},"author":3,"featured_media":127463,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nKorean Solana expansion gets $20 million boost - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/korean-solana-expansion-gets-20-million-boost\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Korean Solana expansion gets $20 million boost - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Solana-related news has surfed a number of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/korean-solana-expansion-gets-20-million-boost\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-03T17:30:37+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/06\/Korean-Solana-expansion-gets-20-million-boost-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/korean-solana-expansion-gets-20-million-boost\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/korean-solana-expansion-gets-20-million-boost\/\",\"name\":\"Korean Solana expansion gets $20 million boost - 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