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# Blockchain firm Solana launches a $100 million fund for South Korean web3 startups
- URL: https://www.techloy.com/blockchain-firm-solana-launches-a-100-million-fund-for-web3/
- Published: 2022-06-08T12:08:04.000Z
- Updated: 2025-01-22T15:26:11.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Blockchain, Web3, Tech in South Korea, Solana

[Solana,](https://solana.com/) a blockchain service offering platform and one of the giants in the crypto market has launched a $100 million fund and grant to back web3 startups in South Korea. 

- The fund will focus on startups working on gaming studios, GameFi, NFTs, and DeFi in South Korea.
- The fund is set up by Solana Ventures and Solana Foundations with the capital coming from the Solana community treasury.
- The investment will support the development and launching of high quality and fun games on the Solana blockchain in the second half of 2022, the firm claims.