Solana launches $100 million fund to support Web3 startups in South Korea
Solana Ventures and Solana Foundation have announced they’re launching a $100 million investment fund to finance DeFi, NFT and Web3 projects in South Korea.
Why South Korea? The teams believe that “Korea is at the forefront of web3 game design and development” after their work with Korean developers, which helped them better understand the Korean market.
“We are focused on helping even more builders in Korea bring their ideas to reality.”
Yuga Labs burned smart contract owner that allowed infinite (BAYC) NFT minting
Yuga Labs burned a smart contract owner that allowed for countless (BAYC) NFT minting a year after it had promised to do so.
The platform’s co-founder, who goes by EmperorTomatoKetchup on Twitter, shared that a function of the smart contract that would let create the Bored Ape NFTs has been removed, providing an Etherscan link as proof.
The contract owner has now been burned. While we’d been meaning to do this for a long time, we hadn’t out of an abundance of caution. Felt comfortable doing it now. All done.
In lay terms: The issue flagged in this article is now impossible.
— EmperorTomatoKetchup (@TomatoBAYC) June 7, 2022
Alibaba Cloud creates NFT solution service
Alibaba Cloud, a subsidiary of the Alibaba Group and a provider of cloud services, has announced its own NFT solution. According to the official site, the platform offers a range of services to entrepreneurs and creators, including NFT Marketplace Building, Digital Marketing and Global Delivery, available through a subscription.
The platform specifies that their solution has DDoS protection, a security center and a web application firewall to provide additional security to their clients.
This is not the first NFT venture for Alibaba. The Chinese e-commerce giant launched an NFT marketplace for copyright trading in August 2021.
Salesforce rolls out NFT Cloud pilot program
A cloud software company Salesforce has announced NFT Cloud, a platform where brands and businesses can mint and sell NFT assets; or rather, a pilot version of it, available only to limited customers. The company says it expects the platform to be ”widely available” to all users by October.
What’s interesting, NFT Cloud, which markets itself as a “sustainable platform,” will not be supporting any blockchains using the proof-of-work protocol, which is considered highly energy-consuming.