Solana Raised $40 Million Investment for Their Grant Program
Solana Foundation, a grant program based on Solana blockchain, together with OKEx and MXC launched two investment funds to bring their projects to market. Over the past month, more than 50 projects were launched on Solana.
Funding from OKEx is targeted on international marketing and seeking endorsement. Block Dream Funds invested in many of Solana’s projects and is going to continue. MXC, an Asian exchange, finds that Solana aligns with their market vision.
Solana’s multiple projects include DeFi and NFT products. They believe they will be able to compete with Ethereum and want to involve even more DeFi-projects into their network. For this, they announced $200,000 in seed funding for their DeFi hackathon.