RockawayX has launched an early-stage venture capital fund of 125 million USD, designed to support projects on the Solana blockchain. This comes at a time when user engagement with the network is waning, making this investment particularly significant.
The firm plans to enhance the Solana ecosystem by financing promising projects and has collaborated with over 15 initiatives since its initial investment in 2018. CEO Viktor Fischer highlights the importance of building applications directly on Solana rather than exploring other Layer 1 options.
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