High-performance blockchain platform Solana (SOL) opens to Korean market with meaningful partnership The new fund will address the sustainable growth of the Solana (SOL) ecosystem in terms of both marketing and technology
High-performance blockchain platform Solana (SOL) opens to Korean market with meaningful partnership The new fund will address the sustainable growth of the Solana (SOL) ecosystem from both a marketing and technology standpoint. The focus will be on the Korean segment of the cryptocurrency scene.
According to a press release, top Korean blockchain accelerator group ROK Capital has entered into a strategic partnership with the Solana (SOL) blockchain. The two will accelerate Solana’s expansion into the Korean market. Also joining the collaboration is local consulting firm FactBlock and community-based accelerator DeSpread.
ROK Capital general partner Brian Kang is excited to welcome the Solana Foundation as the new partner to his team. According to him, opening up to Korean markets is promising for Solana (SOL):
“Solana is one of the fastest growing networks in the industry, and in addition to injecting capital, this new fund will provide specialized services for projects that will be successfully accelerated in Korea.”
Initial investments in the new enterprise included early-stage decentralized financial protocols Mercurial Finance, Synthetify, Symmetry and Parrot. Also, ROK Capital has backed Serum DEX, a unique decentralized exchange on Solana (SOL) with unmatched speed and low commissions.
Anatoly Yakovenko, head of the Solana Foundation, announced that the cooperation welcomes new partners interested in Solana’s (SOL) prospects:
“We look forward to working with the new funding to support more entrepreneurs and teams at Solana.”
At the time of writing, the net amount of funds raised by the newly launched fund was $20,000,000 net.