Solana to invest $100M to support South Korean Crypto projects

Solana has plans to put $100 million into South Korean crypto startups. The move aims at getting into the developer market, still in shock of Terra’s collapse. Solana Ventures and the Solana Foundation will invest in “all web 3 verticals,” according to a press release. Austin Federa, head of communications for the Solana Foundation, said the funding will have a special focus on Korean blockchain game developers.