ROK Capital and the Solana Foundation have predetermined the Solana Eco Fund, with the purpose of fostering Solana's blockchain-based raise in Korea.

News regarding Solana has grabbed headlines in recent months. The blockchain network now seems to be heading towards giant advancements in Korea, with fundamental funding for its ecosystem.

Source

As one of the largest cryptocurrency markets worldwide, Korea has an exceptionally high cryptocurrency adoption rate.

By expanding the Solana ecosystem to Korea, it is expected to grow awareness and adoption of decentralized applications in the Solana ecosystem, as well as encourage and incubate local groups to develop on Solana.

The USD 20 million Solana Eco Fund, pre-determined by ROK Capital and the Solana Foundation, is now available to benefit the world of Solana-based resolutions.

In addition to providing capital, this new fund will provide tailored services for projects to grow successfully in Korea.

By partnering with Solana, the organization hopes to foster a sequence of Solana-centric infrastructure projects, integrating those involved with Web 3.0, Defi and NFTs.

The idea, called Solverse Accelerator, with the help of at least 21 organizations, will provide mentoring and other resources in support of projects that build on the Solana network.

Source

Solana's SOL token, ranked 16th on CoinMarketCap's categorization list with a cost of USD 39.12 per coin at the time of publication, with a market capitalization of USD 10.6 million.