The $100 million fund will be primarily focused on projects based on Solana and Terra.
Solana Ventures and the Solana Foundation introduced a $100 million investment and grant fund to aid the development of cryptocurrency projects in South Korea. The initiative could also amass developers and companies to the Solana blockchain, which recently went through some serious technical difficulties, including a six-hour outage.distributed
towards projects based on Solana and Terra. The latter made the headlines last month after the prices of its native token LUNA, and its algorithmic stablecoin UST crashed to virtually zero. As such, many Korean platforms mitigated from Terra to other blockchain networks. Johnny Lee – General Manager of Games for the Solana Foundation – said those developers need to receive some help as they are not to be blamed for what happened:In addition, projects based on Solana also need support. Earlier this month, the networkthat left it out of order for more than six hours, and the team explained the core of the problem:
“Earlier today, a bug in the durable nonce transactions feature led to nondeterminism when nodes generated different results for the same block, which prevented the network from advancing.”with the crypto exchange FTX to launch another $100 million fund focused on blockchain-based games. The initiative, called GameFi, will support start-ups that integrate the Solana blockchain into video games on desktop and mobile platforms.
He also promised to increase the minimum threshold for paying capital gains on earnings from crypto investments. Currently, investors are required to pay taxes if they generate profits above $2,000 annually, while the leader insisted this should happen if profits exceed $40,000 per annum.it will finalize its crypto-friendly regulatory framework in 2023 and enforce it in 2024. The lawmakers also said “yes” to the Bank of Korea’s ambition to release a central bank digital currency next year.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Solana sets up $100 million fund for Korean crypto startupsSolana this morning announced a new $100 million fund for Korean web3 startups.
Lire la suite »
Solana to Help South Korean Projects Hurt by Terra CollapseICYMI: Solana to support projects from South Korea and invest in Terra-based apps affected by the project's collapse Terra SOL $SOL
Lire la suite »
Google’s Pixel 6 Pro is $100 off for a limited timePlus, EVGA has good prices on B-stock Nvidia GPUs.
Lire la suite »
Loyola University Chicago Receives Record $100 Million GiftLoyola University in Chicago has announced that it’s received the largest private donation in its history - a $100 million gift from John and Kathy Schreiber.
Lire la suite »
Cronos Establishes $100 Million War Chest to Launch Accelerator Program | HackerNoonThe Cronos Accelerator Program is designed to enable early-stage crypto companies looking for mentoring, investment, and growth to get the aid they need.
Lire la suite »
Luxe Father's Day Gifts Under $100This year, skip the store-bought cards and 11th-hour socks and treat dad to something he’ll be sure to appreciate.
Lire la suite »