June 3rd, 2021 — Korea’s leading blockchain accelerator group ROK Capital and Solana Foundation has launched a $20m fund to develop the Solana blockchain ecosystem.
By partnering with Solana, the firm hopes to bootstrap a range of Solana-focused infrastructure projects, including those related to Web3, Defi, and NFTs.
The focus will be on accelerating Solana’s expansion into the Korean market. Blockchain consulting firm FactBlock and community-based accelerator DeSpread have also joined the ecosystem fund as partners.
“We are excited to join the Solana ecosystem as their local partner in Korea,” said ROK Capital general partner Brian Kang. “Solana is one of the fastest-growing networks in the industry, and in addition to injecting capital, this new fund will provide tailored services for projects to successfully accelerate in Korea.”
“ROK Capital has been a strong partner to ecosystem companies, helping projects launch and secure capital,” said Anatoly Yakovenko, President of the Solana Foundation. “We look forward to working with the new fund to support more entrepreneurs and teams building on Solana.
Under the newly established Solana Eco Fund, ROK Capital has invested in Mercurial Finance, Synthetify, Symmetry, and Parrot. It also invested into Serum, a decentralized exchange (DEX) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance. Serum is built on Solana and is completely permissionless.
About ROK Capital
ROK Capital was founded by a group of blockchain experts with over 20 years of experience in Korea across various industries, including banking, technology, marketing, and media. The company has bootstrapped several prominent startups, including Acala, SolStarter, and Clover.
ROK Capital is a blockchain fund focused on investing in and accelerating emerging blockchain ecosystem projects and Web3, Defi & NFTs in the Korean market. To learn more, please visit https://www.rokcapital.io/.
Solana is the most performant blockchain in the world. It gives developers the confidence to build for the long term by delivering predictable scaling without compromising security or composability. Solana’s performance is driven by intra-shard parallelism, which is capable of processing thousands of smart contracts at once, and by Proof of History, an innovation in distributed timekeeping that unlocks low-latency, sub-second finality across the global state. To learn more, please visit https://solana.com/.