TechFlow News — Solana Labs CEO Anatoly Yakovenko said in an interview at Lisbon's Breakpoint 2022 that over the past year, only a portion of the $250 million crypto social and gaming fund has been deployed, with a focus on small seed rounds. The amount allocated to the social media fund so far is "well under half," he noted. Current social media products include Dispatch, Squads, Dialect, and Wordcell, and 37 games are either launching or preparing to launch.
Solana Labs announced two flagship funds at Breakpoint 2021: a $100 million fund dedicated to decentralized social media and a $150 million fund to support blockchain gaming.Original link




