The Solana blockchain project from Korea has been the talk of the town recently and has once again gathered attention, with its freshly disclosed funding for its surrounding ecosystem. 

Specifically, ROK Capital and the Solana Foundation have reportedly worked on a new project jointly, dubbed Solana Eco Fund, offering $20 million as a means of financial support for the sphere of solutions revolving around the Solana blockchain. 

A part of the fund has been allocated to a wide range of initiatives, nominally Synthetify and Symmetry.

“As one of the largest crypto markets globally, Korea has an extraordinarily high adoption rate of cryptocurrencies. By expanding the Solana ecosystem in Korea, we hope to grow the awareness and adoption of decentralized applications on the Solana ecosystem as well as encourage and incubate local teams to build on Solana.” A ROK Capital spokesperson reportedly remarked. 

Apart from the available sum of capital, the fund will additionally make tailored offerings available, in a bid to assist initiatives in achieving success locally. 

Via collaborating with Solana, ROK Capital reportedly expects to be able to utilize a variety of Solana-centric infrastructure projects, including those related to Web3, Defi, and NFTs. 

“The focus will be on accelerating Solana’s expansion into the Korean market,” the statement added, subsequently noting additional involvement from DeSpread and FactBlock.

Solana has reportedly made another attempt in the sector previously, which is the Solverse Accelerator. Receiving the backing of no less than 21 firms, the project aims to offer mentorship and other resources, to help with the design of different Solana-based projects.