• Guest Post   |
  • Submit App Review   |
  • Submit PR   |
  • Advertise   |
  • Contact Us
  • Login
No Result
View All Result
Get Featured on Appedus
Mobile App Development | Design | Marketing Magazine: Appedus
Subscribe
  • Home
  • App Development
  • App Marketing
    • All
    • App Onboarding
    • App Store Optimisation
    • App User Engagement
    • Push Notifications
    increase-your-app installs organically

    5 Best Tips to Increase App Installs Organically.

    15 best apps-for-users

    know 15 Best Apps with Awesome User Onboarding Experiences

    How-to-Create-a-Mobile App-Marketing-Strategy-That-Works-appedus

    How to Create a Mobile App Marketing Strategy That Works

    How-to-Monetize-Your-Mobile-App-Strategies-for-Success-Appedus

    How to Monetize Your Mobile App: 5 Best Strategies for Success in 2023

    • App Store Optimisation
    • App User Engagement
    • App Push Notifications
    • App Onboarding
    • App Analytics
  • App Design
  • App Reviews
    • All
    • Books & Reference
    • Business
    • Dating
    • Education
    • Finance
    • Fitness
    • Food & Drink
    • Health
    • iOS apps
    • Lifestyle
    • Medical
    • Mobile Games
    • Photography
    • Productivity
    • Shopping
    • Social
    • Travel
    • Utilities
    • Video Editing
    Apples-Revolutionary-Sports App

    The Future of Sports Information: Apple’s Revolutionary Sports App

    A-Comprehensive-Review-of-AllTrails

    Exploring the Best Hiking App: A Comprehensive Review of AllTrails

    Blackhole Splitter-Video-Editing-for-Social-Media

    Blackhole Splitter: Revolutionary Video Editing for Social Media Domination

    mastodon-for-IOS

    Mastodon for iOS: Revolutionary Your Social Networking Experience

    Android-15-Developer-Preview

    Android 15 Developer Preview 1 has arrived, but its availability is not universal.

    The-Dynamics-of-Alphabets-CapitalG

    The Dynamics of Alphabet’s CapitalG: A Glimpse into the $7 Billion Growth Stage Investing Powerhouse

    Introducing-Clubhouse's-Text-to-Voice-Feature

    Introducing Clubhouse’s Text-to-Voice Feature: The Future of Social Audio

    RBI-Deadline-Extension-to-March-15-on-Paytm Payments Bank

    RBI’s Deadline Extension to March 15 on Paytm Payments Bank

    Improve-Your-FireStick-Experience-Unleashing-the-Power-of-Top-Tier-Apps-appedus

    Unleashing the FireStick Magic: The Ultimate Guide to 100+ Exquisite Apps for Movies, TV, and Live Sports

    Trending Tags

    • Travel
    • fitness
    • Video Editing app
    • Utilities
    • Lifestyle
    • Medical
    • Photography
    • Productivity
    • Shopping
    • Social
    • Travel
  • App Events
  • Exclusive
  • Home
  • App Development
  • App Marketing
    • All
    • App Onboarding
    • App Store Optimisation
    • App User Engagement
    • Push Notifications
    increase-your-app installs organically

    5 Best Tips to Increase App Installs Organically.

    15 best apps-for-users

    know 15 Best Apps with Awesome User Onboarding Experiences

    How-to-Create-a-Mobile App-Marketing-Strategy-That-Works-appedus

    How to Create a Mobile App Marketing Strategy That Works

    How-to-Monetize-Your-Mobile-App-Strategies-for-Success-Appedus

    How to Monetize Your Mobile App: 5 Best Strategies for Success in 2023

    • App Store Optimisation
    • App User Engagement
    • App Push Notifications
    • App Onboarding
    • App Analytics
  • App Design
  • App Reviews
    • All
    • Books & Reference
    • Business
    • Dating
    • Education
    • Finance
    • Fitness
    • Food & Drink
    • Health
    • iOS apps
    • Lifestyle
    • Medical
    • Mobile Games
    • Photography
    • Productivity
    • Shopping
    • Social
    • Travel
    • Utilities
    • Video Editing
    Apples-Revolutionary-Sports App

    The Future of Sports Information: Apple’s Revolutionary Sports App

    A-Comprehensive-Review-of-AllTrails

    Exploring the Best Hiking App: A Comprehensive Review of AllTrails

    Blackhole Splitter-Video-Editing-for-Social-Media

    Blackhole Splitter: Revolutionary Video Editing for Social Media Domination

    mastodon-for-IOS

    Mastodon for iOS: Revolutionary Your Social Networking Experience

    Android-15-Developer-Preview

    Android 15 Developer Preview 1 has arrived, but its availability is not universal.

    The-Dynamics-of-Alphabets-CapitalG

    The Dynamics of Alphabet’s CapitalG: A Glimpse into the $7 Billion Growth Stage Investing Powerhouse

    Introducing-Clubhouse's-Text-to-Voice-Feature

    Introducing Clubhouse’s Text-to-Voice Feature: The Future of Social Audio

    RBI-Deadline-Extension-to-March-15-on-Paytm Payments Bank

    RBI’s Deadline Extension to March 15 on Paytm Payments Bank

    Improve-Your-FireStick-Experience-Unleashing-the-Power-of-Top-Tier-Apps-appedus

    Unleashing the FireStick Magic: The Ultimate Guide to 100+ Exquisite Apps for Movies, TV, and Live Sports

    Trending Tags

    • Travel
    • fitness
    • Video Editing app
    • Utilities
    • Lifestyle
    • Medical
    • Photography
    • Productivity
    • Shopping
    • Social
    • Travel
  • App Events
  • Exclusive
No Result
View All Result
Mobile App Development | Design | Marketing Magazine: Appedus
No Result
View All Result
Home Bitcoin

Solana creates a $100 million investment and grant fund for web3 entrepreneurs in South Korea

Solana's co-founder stated that Bitcoin needed to switch to Proof-of-Stake (PoS) in order to stay relevant.

by Editorial Team
in Bitcoin, Blockchain, Featured, News-Curated, Tech
Reading Time: 3 mins read
0
Solana
Share on FacebookShare on Twitter

Table of Contents

Toggle
  • Solana wants Bitcoin to evolve into Proof-of-Stake

The cryptocurrency market has been extremely unpredictable in recent months, but consumers and investors have remained steadfast.

Solana is the most recent person to put money into the system. According to Johnny Lee, general manager of games at Solana Labs, the Solana Ventures and Solana Foundation have established a $100 million investment and grant fund to invest in South Korean web3 firms. In South Korea, the fund will focus on gaming studios, GameFi, NFTs, and DeFi.

According to Austin Federa, head of communications at Solana Labs, the fund is backed by funds from the Solana community treasury as well as the venture arm’s pool of capital.

“A significant percentage of Korea’s gaming sector is migrating to web3,” Lee explained. “We want to be flexible since there are a variety of project sizes and team sizes, so some of [our contributions] will be venture-sized cheques.”

Gaming and NFTs account for the majority of activity in South Korea, according to Solana, making the sectors a perfect fit for web3, according to Lee.

There have been many detractors in the past who have said that play-to-earn games like Axie Infinity exist just for the purpose of making money, rather than for the enjoyment of the game. However, in the last six months, a number of gaming firms have focused on improving gameplay with the aim of broadening their appeal beyond crypto-native gamers.

In the second half of 2022, Lee anticipates that more “high-quality and enjoyable games” will be released on the Solana blockchain. According to him, these games have the ability to change the prevailing view that play-to-earn games aren’t fun.

“We have faith that this is about to change.”

In the long run, Lee believes web3 games will be as popular as free-to-play games on mobile devices. “On web3, there was a lot of backlash from gamers and developers,” he remarked.

The timescales are greatly decreased, however, due to the rapid growth of the web3 business, he continued.

“Free-to-play acceptance took eight years, so if we say web3 games will be the main business model in four years, I’m fairly comfortable with that.”

Solana wants Bitcoin to evolve into Proof-of-Stake

In an interview with CNBC, Solana’s co-founder stated that Bitcoin needed to switch to Proof-of-Stake (PoS) in order to stay relevant. However, it appears that PoS isn’t working well for Solana. Since May, there have been many outages on the Solana blockchain. As a result, the network’s validators were unable to validate fresh blocks for several hours. On multiple occasions, applications built on Solana’s blockchain were taken offline.

A run-time flaw in the Solana blockchain caused it to stop creating new blocks. Crypto-miners, also known as ‘validators,’ were unable to mine new blocks and earn incentives as a result. A run-time problem forces validators to validate failed transactions twice, resulting in the network being completely shut down.

Mining is simply a game of verification. Crypto miners must verify every transaction that takes place on any blockchain. The entire blockchain is interrupted if a failed transaction is validated by miners. The PoS consensus mechanism has this problem.

Unlike Proof-of-Work (PoW), which is used by Bitcoin, Ethereum, and other cryptocurrencies, where each miner verifies transactions independently, PoS selects one miner from the mining pool. As a result, if a miner verifies a bogus transaction, the entire blockchain becomes unusable. This also causes the blockchain to divide into two sections, halting the network for several hours.

“Chain splits occur when two parts of the network calculate a different state given the identical transactions for any reason,” a Solana blockchain developer explained on Twitter. They are a type of issue that is difficult to completely prevent, even with extensive test coverage, and can damage any chain.” The Solana team canceled every transaction that occurred during this period.

mm

Editorial Team

We at Appedus are a group of digital nomads aggregating, writing, and publishing the best of the tech news in the mobile app ecosystem. Our constant endeavor is to get the most actionable news for you to use.

Next Post
What the new USB-C laws in the EU imply for iPhones

What the new USB-C laws in the EU imply for iPhone

Weekly Newsletter

Top Apps This Week

Apples-Revolutionary-Sports App
Apple

The Future of Sports Information: Apple’s Revolutionary Sports App

by Editorial

In the dynamic and ever-evolving landscape of sports entertainment, Apple...

Read moreDetails
A-Comprehensive-Review-of-AllTrails

Exploring the Best Hiking App: A Comprehensive Review of AllTrails

Blackhole Splitter-Video-Editing-for-Social-Media

Blackhole Splitter: Revolutionary Video Editing for Social Media Domination

Load More

About Us

mobile app technology magazine

Appedus is a mobile app ecosystem focused news publishing platform which covers various topics like app design, app development, app marketing and other relevant news, views or opinions. We also publish industry insights, e-books, developer interviews and e-magazines. You can get in touch with us on hola@appedus.com or you can snail mail us at

Medianiti Ltd. Brooklands Business Park, Wellington Way, Weybridge KT13 0TT, United Kingdom

Latest Articles & News

Startup Mahakumbh 2025: A Global Stage for Innovation and Investment

Startup Mahakumbh 2025: A Global Stage for Innovation and Investment

Important Links

  • Guest Post
  • Submit App Review
  • Submit PR
  • Mobile App Marketing
  • Mobile App Reviews | Top Android & iOS app reviews
  • Top Apps
  • Curated News
  • Advertise
  • Contact Us

Subscribe

  • Guest Post
  • Submit App Review
  • Submit PR
  • Mobile App Marketing
  • Mobile App Reviews | Top Android & iOS app reviews
  • Top Apps
  • Curated News
  • Advertise
  • Contact Us

© 2025 Appedus - Appedus All Right Reserved

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

jeetwin

nagad88

jaya9

joya 9

khela88

babu88

babu888

mostplay

marvelbet

baji999

abbabet

kuwin

iplwin

my 11 circle

betway

jeetbuzz

satta king 786

betvisa

winbuzz

dafabet

rummy nabob 777

rummy deity

yono rummy

shbet

kubet

dafabet

mostbet

paripesa

khelo24bet

my11circle

iplwin

rummy mars

rummy most

rummy deity

rummy tour

indibet login

10cric login

bc game download

dream11 download

1win login

fun88 login

iplt20 official

icc cricket world cup

rs7 sports

rummy app

login iplwin

betvisa download

betvisa download

crickex download

crickex download

iplwin app

dafabet login

rummy

rummy

dafabet

dafabet

4rabet login

crazy time game

crazy time game

Rummy Satta

Rummy Joy

Rummy Mate

Rummy Modern

Rummy Ola

Rummy East

Holy Rummy

Rummy Deity

Rummy Tour

Rummy Wealth

yono rummy

Baji999 লাইভ

Marvelbet Login

krikya Casino

bet visa

91 club download

daman game app

jeetbuzz login

iplwin login

yono rummy apk

rummy deity apk

all rummy app

betvisa login

lotus365 login

mostplay app

4rabet app

leonbet app

pin up casino

mostbet app

Rummy Apk

Fastwin Apk

Betvisa app

Babu88 app

No Result
View All Result
  • Home
  • App Development
  • App Marketing
    • App Store Optimisation
    • App User Engagement
    • Push Notifications
    • App Onboarding
    • App Analytics
  • App Design
  • App Reviews
    • Utilities
    • Lifestyle
    • Medical
    • Photography
    • Productivity
    • Shopping
    • Social
    • Travel
  • App Events
  • Exclusive
  • Get Featured on Appedus

© 2025 Appedus - Appedus All Right Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version