Solana-related news has surfed a number of headlines in recent months. The blockchain now appears headed for major strides in Korea, with significant funding for its surrounding ecosystem. "As one of the largest crypto markets globally, Korea has an extraordinarily high adoption rate of cryptocurrencies," a representative from Korean firm ROK Capital told Cointelegraph. "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 new $20 million Solana Eco Fund — constructed by ROK Capital …

Cryptology Asset Group, a Malta-based investment outfit co-founded by serial entrepreneurs Mike Novogratz and Christian Angermayer, is set to offer support for crypto VC firms. In a release issued on Thursday, the European holding company announced plans to float a $100-million investment into first-time crypto funds. As part of the announcement, the investment outfit revealed that it will adopt an entrepreneurial approach in building its crypto fund portfolio with a focus on emerging managers and GP seeding. Cryptology already has a significant footprint in the crypto and blockchain space with investments in the likes of crypto asset manager Iconic Funds …

Polygon ecosystem is getting a major funding boost thanks to a new joint venture fund with blockchain venture capitalist AU21 Capital, setting the stage for wider adoption of the Ethereum-compatible infrastructure platform. The $21 million Polygon Ecosystem Fund announced Wednesday is designed to provide direct funding support for promising projects building on top of Polygon. The fund will offer business development and marketing support, as well as human capital incentives. Receiving support from AU21 is a source of strength from Polygon, given the venture capital firm’s track record in supporting highly successful projects, including The Graph, Casper Labs and Elrond, …

Borderless Capital’s support for Algorand-based development has taken another incremental turn with the venture capital firm launching a new $25 million fund in Miami. In an announcement on Wednesday, the investment firm stated that the $25 million fund will focus on supporting blockchain startups in the city of Miami. Dubbed the Borderless.Miami Fund, the VC firm is joined by stablecoin issuer Circle to foster the growth of digital payment and digital capital market development in Miami. Apart from direct investments in blockchain startups, Borderless Capital is also seeking to launch the Algorand Miami Accelerator. Algorand accelerator programs in Europe and …

Popular crypto derivatives exchange BitMEX has announced a $150,000 grant for Calvin Kim — a Korean-based Bitcoin scaling researcher. The grant provides a second instance of support in which BitMEX has backed Kim’s research, with the exchange donating $30,000 to Kim in August 2020. For his current research, Kim plans to implement Utreexo into Bitcoin deployments, using the Go and Rust programming languages respectively, while also working on “improving the initial block download time in Bitcoin.” Utreexo is a Bitcoin scaling solution and hash accumulator that Kim has been working on since mid-2019, with the protocol's design having first been …

Pintu, an Indonesia-based cryptocurrency exchange focusing on first-time crypto users, has raised $6 million to support its mission to drive industry adoption. The company announced Tuesday that it has completed a Series A funding round led by major global crypto investors including Pantera Capital, Coinbase Ventures, and Intudo Ventures, tech news agency Tech in Asia reports. Other inventors like Alameda Ventures, Blockchain Ventures, and Castle Island Ventures also participated in the round. Founded in 2020 by Jeth Soetoyo, Pintu is a major licensed cryptocurrency company in Indonesia, regulated by the Indonesian Commodity Futures Trading Regulatory Agency, or Bappepti. The exchange …

Zurich-based Dfinity Foundation has announced a fund worth CHF 200 million, or around $223 million, to support development on the Internet Computer — a blockchain-based decentralized network with wildly ambitious plans to one day “replace” much of the internet. The non-profit scientific research organization announced “The Developer Ecosystem Program” on May 26, and is now accepting applicants for development grants. These grants will operate separately from the $14.5 million Beacon Fund, which was announced in September 2020, and is a dedicated venture fund that backs developers creating open internet services on the platform. In a blog post announcing the new …

Blockchain startup “Chia Network” has raised $61 million in a funding round which included investment from top venture capital firms Andreessen Horowitz and Richmond Global Ventures. The decentralized smart contract platform was valued at around $500 million in the funding round, according to an anonymous source cited by Bloomberg. The funding round was also backed by the CEO and co-founder of AngelList Naval Ravikant, Breyer Capital, and True Ventures. Chia’s president and CFO, Gene Hoffman, told Bloomberg the firm hopes to go public through an initial public offering, or IPO, this year: Blockchain startup “Chia Network” has raised $61 million …

On May 21 the crypto market was hit with a fresh round of fear, uncertainty and doubt (FUD) which sparked another, albeit more muted, sell-off in Bitcoin (BTC) price and a majority of the altcoins. For the second time in less than 3-weeks, China was again the culprit as rumors that regulators were looking to crack down on Bitcoin mining and trading. Media also reported that authorities in Hong Kong proposed banning retail traders from cryptocurrency trading. Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin (BTC) bulls were holding the $40,000 support level prior to the announcement from …

Blockchain-powered fintech startup Figure Technologies has secured major funding for its mission to improve the financial services industry with Provenance blockchain. Figure announced Thursday that the company raised $200 million in a Series D round led by Morgan Creek’s crypto venture capital arm Morgan Creek Digital Funding and digital asset-focused equity fund 10T Holdings. Featuring other existing investors like Digital Currency Group, the new funding brings Figure’s valuation to $3.2 billion. Figure co-founder Mike Cagney said that the new funding will help the company close new deals for its lending operations, build out its payments tool Figure Pay and seek …

A crypto project says its goal is democratizing a type of investment that has been “in the hands of the rich for far too long.” Nodeseeds says it tokenizes private sales and seed rounds — allowing enthusiasts to gain exposure to promising startups at all stages of their evolution if they have an appetite for risk. The project’s founders hope to tackle some of the biggest problems that exist in public sales at present. Those interested in getting involved often need to complete Know Your Customer checks on platforms they may be unfamiliar with, and their contributions can be capped. …

Delphi Digital — a multiservice cryptocurrency investment, consulting and research firm — announced on Friday the launch of "Delphi InfinNFT," a new investment wing focused on nonfungible tokens and the NFT ecosystem. Per a post on Twitter, the fund will invest upward of $5 million into “NFT marketplaces, DAOs, social tokens, fractionalization, NFT infrastructure, and any other new developments that may arise during the syndicate's investment cycle,” and the team will be bolstered by noted NFT collector “Gmoney.” 0/ Our team is thrilled to announce the launch of the world's first on-chain NFT fund on @SyndicateDAO called "Delphi INFINFT" run …