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Dec 15, 2021
New Blockchain Gaming Funds Announced by Solana Ventures
Solana Ventures, the investment arm of Solana Labs, unveiled a new $150 million fund on Tuesday to support blockchain gaming entrepreneurs.
Moreover, the fund is a collaboration between Forte, a blockchain gaming business that just secured $725 million in additional investment, and Griffin Gaming Partners, a gaming-focused VC firm and a primary investor in Forte.
According to a Solana Labs representative, the trio's fund is denominated in dollars rather than Solana (SOL) tokens. It intends to invest in gaming companies that use the Solana blockchain. The network's capacity of 65,000 transactions per second and average transaction cost of $0.00025, according to Solana Ventures, make it an excellent blockchain for gaming applications.
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Trishla is a crypto writer and social media aficionado. She has substantial experience in covering updates, events, and news related to the crypto space, along with rapidly expanding blockchain and financial technology markets. Her experience in the cryptocurrency market has led her to become a crypto hodler herself.