Singapore cryptocurrency investor NGC Ventures launches $20m fund

Blockchain visual. Credit: Wikimedia Commons

NGC Ventures, a Singapore-based cryptocurrency investor, has announced the launch of a $20 million fund to help develop the Solana ecosystem in the Asia Pacific region.

Solana is an open-source project that implements a high-performance, permissionless blockchain used by apps and projects. Founded by former Qualcomm, Intel, and Dropbox engineers in late 2017, Solana aims to provide the open infrastructure required for the global adoption of blockchains.

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