Solana launches a $100M investment and grant fund for South Korean Web3 projects
Solana Ventures and Solana Foundation have recently announced the launch of a $100 million investment and grant fund for South Korean Web3 startups.
Solana Ventures launches $100M fund
With the new fund allocation, Solana Foundation aims to promote crypto projects based on the Solana blockchain in South Korea. However, the company will also support crypto projects on the Terra blockchain that are left helpless after the UST/LUNA model collapse.Notably, several platforms previously based on Terra have migrated over to different blockchains like Solana. Johnny B. Lee, general manager of games for the Solana Foundation, stated:
"The developers did nothing really wrong, but they're left in the lurch."The fund will primarily focus on gaming studios and GameFi. It will also invest in NFTs and DeFi projects in the country, which is the hotbed for virtual gaming. Lee said that a significant portion of the country's gaming industry is moving into Web3. He added:
"We want to be flexible; there's a wide range of project sizes, team sizes, so some of [our investments] will be venture-sized checks."According to the head of communications at Solana Labs, Austin Federa, the fund is powered by capital from the Solana Community treasury in addition to the venture division's pool of capital.
South Korea: A hub of gaming
South Korea has long impressed the globe with its unique and advanced technological solutions, and it continues to dominate the crypto industry when it comes to NFTs and gaming. The small East Asian country is seeing a surge in NFT use as its citizens and businesses embrace the technology. Gaming and NFTs account for a significant portion on Solana in the country, making the sectors a perfect fit for web3, according to Lee.In the second half of 2022, Lee anticipates that more "high-quality and fun games" will be released on the Solana blockchain. According to him, these games can change the prevailing opinion that play-to-earn games aren't fun.
"We're confident that is about to change."
Continue reading by joining Cryptonary Pro
$997/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
As a Cryptonary Pro subscriber, you also get:
3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
3X Value Guarantee
If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the 3X Value Guarantee work?
We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.
Recommended from Cryptonary
