In total, the companies will allocate more than $100 million to new technologies, including blockchain

​Seven Seven Six and Solana Ventures will create a fund for the development of Web 3.0

10.11.2021 - 08:45


1 min

What’s new? During the Breakpoint conference, it was announced the creation of a $100 million fund under the auspices of two companies. The first was Seven Seven Six, founded by Reddit co-founder Alexis Ohanian. The second is the venture company Solana Ventures.

News source on Solana Youtube channel

What will the funds be used for? The main priorities of the new fund will include the development of Web 3.0 as well as social networks based on distributed registry technologies.

“With a high-performance blockchain like Solana, there is an unprecedented opportunity to fuse social and crypto in a way that feels like a social product but with the added incentive of empowering users with real ownership,” Reddit co-founder Alexis Ohanian commented on the news of the fund’s creation.

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