OKEx and MXC bring $40M of new capital to grow Solana (SOL) ecosystem

OKEx and MXC bring $40M of new capital to grow Solana (SOL) ecosystem

The Solana Foundation, overseers of the Solana Layer-1 proof of stake blockchain, announced today it has partnered with crypto exchanges, OKEx and MXC, to launch two strategic investment funds that will bring $40 million of new capital to accelerate the development of key projects in the Solana ecosystem.

Solana’s layer 1 proof of stake network has grown at an exponential rate, with 560+ active community validators around the world who have produced over 70 million blocks and processed over 14 billion transactions. Since the launch of its mainnet beta in 2020, Solana has attracted leading projects such as Serum, Chainlink, Terra, Audius, USDC, USDT, and more to deploy on its blockchain.

“The Solana ecosystem has grown multitudes in the past few months with the volume of projects and active developers skyrocketing quarter over quarter. We are tremendously excited to welcome our new strategic partners, OKEx’s Block Dream Fund and MXC, to the ecosystem and look forward to working alongside them to support the next wave of killer dApps, with their ongoing support.”
– Anatoly Yakovenko, President of the Solana Foundation

Block Dream Fund

Through OkEx’s Block Dream Fund, projects building on Solana will be able to access strategic resources and services that play an integral role in community activation and adoption. This ranges from publicity and endorsements to international marketing support.

“We are delighted to partner with Solana Foundation and look forward to working together to empower high-quality projects and accompany their development. We will work together to expand the market size and user volume of the blockchain industry, and continue to create value. The Block Dream Fund looks forward to providing continued support to companies building on Solana.”
– Dora, the Founder of Block Dream Fund

In the last month alone, over 50 market-ready projects launched on Solana. These included leading DeFi apps, markets for NFTs, and infrastructure to support the next-gen of Web 3 companies.

Recent initiatives such as the Solana x Serum DeFi Hackathon saw 100+ project submissions from 3,000 builders, just as Raydium, an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX), surpassed $160 million total value locked, increasing more than 3000% in less than two months.

“MXC Exchange aims to foster closer collaboration with the most promising blockchain ecosystems, and this investment sets forward our belief and commitment to shepherding the success of the dApps and platforms built on Solana. As the first stop for high-quality blockchain projects, working strategically with the Solana team ties in naturally with our vision and market position.”
– Katherine Deng, Vice President of MXC Exchange

MXC Exchange is a leading crypto spot-trading exchange in China and the Asia-Pacific region. Established in 2018, MXC has compliance licenses in five countries with 752 pairs and a daily trade volume of approximately USD 4 billion. By investing in the Solana ecosystem, MXC aims to bring resources and provide guidance to projects looking to access the Asia institutional and retail markets.

Published at Thu, 25 Mar 2021 20:32:27 +0000

ALTCOIN NEWS BITCOIN NEWS BLOCKCHAIN NEWS CRYPTOCURRENCY NEWS ETHEREUM NEWS EXCHANGES NEWS LITECOIN NEWS MARKET NEWS REGULATION NEWS
Gamestop
Important Facts of Gamestop Entering into Cryptomarket
UniFarm
UniFarm Raises $2 Million After Launching Innovative Farming Pool Featuring 17 Top DeFi Projects
XRP, FTX Token, Waves Price Analysis
#HODL #SHILL YOUR SH*T COIN! #SPOTTED! #VIRALS BITCOIN SCAM WATCH FUN QUIZZES
bitcoin-scams
Top 5 Bitcoin Scams you should be aware of!
Instagram Influencer Accused of Scamming Followers Out of $2.5M In Bitcoin Scams
five assorted color cars parked inside room
WHAT WILL YOU BUY WITH YOUR BULL MARKET GAINS?
FAQ'S INTRODUCTION TO BITCOIN INTRODUCTION TO BLOCKCHAIN INTRODUCTION TO CRYPTOCURRENCY EXCHANGES
Cryptocurrency
4 Amazing Perspectives of Cryptocurrency Characteristics, Everyone Should know
How bitcoin Transactions Work
Bitcoin For Beginners: 5 Plus Important Reasons Why You Should Understand The Future Impact of Bitcoin On Society
blockchain
5 Important points about Blockchain, Cryptocurrency, and Bitcoin(Safe or Not)
EXCHANGES WALLETS
coinbase
4 Best Crypto Coins on Coinbase
flat lay gadgets beside bearded man
ULTIMATE LIST : BEST BITCOIN AND CRYPTOCURRENCY WALLETS 2021
person shopping online
2021 BEST BITCOIN AND CRYPTOCURRENCY HARDWARE WALLETS TO STORE YOUR COINS SAFE

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.