Solana Foundation to allocate $10,3 million to support blockchain projects in Brazil
Investments will be directed to projects in the field of tokenization and AI
04.01.2024 - 15:25
105
2 min
0
What’s new? Solana Foundation, a non-profit organization responsible for developing the Solana blockchain ecosystem, has announced that it is expanding its operations in Brazil. With 50 million Brazilian reals ($10,3 million) allocated for the initiative, the foundation will form a local team that will focus on supporting projects in the field of tokenization, art, and artificial intelligence.
What else is known? Solana is expanding the global presence of its ecosystem by launching local Superteam communities that lead initiatives in learning and hands-on application and service development and operate in a decentralized autonomous organization (DAO) format. The Brazilian arm will be led by Diego Dias, who also leads the Latin America region at the Solana Foundation.
Dias emphasized that the Solana Foundation aims to reduce its impact on the ecosystem and let the community lead Solana’s development.
Over the past year, the native token SOL has grown from $9,96 to $101,33 and climbed from sixth to fifth place in the overall cryptocurrency ranking by market capitalization. By the end of December, Solana had overtaken the Ethereum blockchain in popularity on Google. The number of active Solana addresses updated the maximum at 15,6 million/month.
BONK tops the ranking in terms of Q4 growth rate with an indicator of 7547%
Other projects of the Solana ecosystem have also entered the top, including the leading DeFi protocols Raydium and Orca
Useful material?
Market
Funds can be seized by law enforcers due to links to illegal activity
Apr 26, 2024
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024