Solana invests heavily in more competitive sports.

Solana Ventures, a subsidiary of Solana Labs, recently announced new funding of $ 150 million to support blockchain game startups.

The funding will help blockchain games startup Forte, which recently closed a $ 725 million Series B funding, and international venture capital firm Griffin Gaming Partners, a venture capital firm focused on the gaming industry. . partners) started together. The new funds will be invested in a fair and symbolic start-up environment and are expected to be fully utilized over the next 18 months.

As a Solana Labs employee, proceeds are in US dollars, not Solana SOL tokens. Fundraisers to invest in sport are starting to work on the Solana channel. The Solana network can reach 65,000 exchanges at an average cost of $ 0.00025 per exchange, making it the best blockchain for gaming applications.

Forte's platform allows sports publishers to easily integrate blockchain technology into their games, and their products include transparent and embeddable token bags, NFT deals and sales, payment tracks, and a passion for gaming. blockchain design. Financial and other services created with the management of digital and virtual devices. Forte CEO Josh Williams believes Solana's ultra-fast, low-resolution solution will fuel future blockchain game development as it could increase the capacity of thousands of businesses per second. It is possible and profitable for developers and gamers.

Two years ago Griffin invested more than $ 400 million in games and Web 3.0 gaming companies such as Forte and Discord. Griffin co-founder Nick Tuosto said the company will continue to work with Forte and Solana to support the blockchain gaming ecosystem.

It should be noted that this is the second bonus for blockchain games announced by Solana Ventures. Previously, Solana Ventures announced a $ 100 million GameFi partnership with Lightspeed Venture Partners and FTX and an investment in Faraway Games.