The Solana Foundation and Solana Ventures formed the generously-backed fund to support the growth of DeFi, NFT, and gaming ecosystems in South Korea. It will also help developers from the Terra ecosystem.
However it may be difficult for domestic companies to launch their blockchain-based games in South Korea.
The law currently prohibits games from giving monetary rewards, including crypto. This law led Korean officials to demand Apple and Google remove play-to-earn games from theirNFT trading and DeFi activity on Solana have been on the rise in recent months. Solana’s top NFT marketplace Magic Eden is the second largest in the world with 35,526 daily traders and $7.
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