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Solana sets up $100 million fund for Korean crypto startups

Blockchain operator Solana this morning announced a new $100 million fund for Korean web3 startups. Solana Ventures and Solana Foundation, the Switzerland-based entity that promotes the growth of the network, have jointly stumped up the funds. They will be used for investments and grants in a range of Korean crypto startups, but with a focus on those in gaming, non-fungible tokens (NFTs) and DeFi. “We have been working with Korean developers and actively investing in the ecosystem for some time …

Kadena announces $100 million grant program for web3 developers

Quick Take The $100 million grant is funded from the Kadena treasury and administered by Kadena Eco. The grant will be used to support builders and developers working on NFTs, DeFi and gaming among other areas. Kadena, a proof of work (POW) blockchain, today announced a $100 million grant program funded by its treasury to support web3 development. The program will be administered by Kadena Eco, the blockchain’s innovation network, and used to attract talented developers to contribute to the …