Last week was another great week for Solana as the project announced the successful completion of the Solana Season Hackathon. In addition, the number of DeFi and dApp projects built on its platform continues to rise.
Here are some recent exciting updates from the Solana ecosystem.Solana Completes $314.15 Million Private Token Sale Solana Labs announced it successfully completed a private token sale of $314.15 million which would focus on developing a faster blockchain network and DeFi.
The funding round was led by Andreessen Horowitz, one of Silicon Valley’s most prominent venture capital firms, and Polychain Capital, a crypto hedge fund that also does VC-style investments.Solana disclosed that the fund will be used to launch an incubation studio to push the development of both decentralized applications and platforms that are building on Solana. It would also include a trading desk and venture investing arm that seeks to service the Solana ecosystem.
Anatoly Yakovenko, co-founder and CEO of Solana Labs, expressed his delight with the achievement. He also noted that growth in global developer uptake has convinced him that throughput and scalability in the blockchain are now a solved problem.“The next phase is onboarding a billion users. Solana ecosystem was built from the ground up to accommodate this scale. With this funding, Solana Labs is now positioned to bring in the right partners and capital to build products and tooling to get there,” he added.
Source