Solana has been in the news for quite some time, and it doesn’t look like it’s going away too soon, as it is now expanding in South Korea.
“As one of the largest crypto markets globally, Korea has an extraordinarily high adoption rate of cryptocurrencies,” declared a representative from Korean firm ROK Capital. “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.”
ROK Capital and the Solana Foundation have created a $20m Solana Eco Fund in order to help out the world of solutions based around the Solana blockchain. Some projects, like Symmetry and Synthetify, have already received their funding.
“In addition to injecting capital, this new fund will provide tailored services for projects to successfully accelerate in Korea,” declared Brain Kang, a general partner at ROK Capital.
“By partnering with Solana, the firm hopes to bootstrap a range of Solana-focused infrastructure projects, including those related to Web3, Defi, and NFTs,” reads the statement from ROK Capital. “The focus will be on accelerating Solana’s expansion into the Korean market.”