Web3, June 8: Solana’s $100M fund, Salesforce NFT platform, Alibaba Cloud NFT services

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. 

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.

Articles we liked

Meet the trans, anarchist founder who just landed $25M to reform how crypto is stored – TechCrunch 

Neal Stephenson coined ‘Metaverse’ in 1992. Now he’s building one – CoinDesk

Charity crypto: Top mega-inventive ways charities are getting donations – be[in]crypto

In other headlines

Ethereum’s Merge Upgrade Goes Live Today on Ropsten Testnet  – Decrypt

Here’s what to expect as Vasil readies for Cardano rollout – CryptoSlate
Galaxy Digital Leads $20M Funding Round in DeFi Firm Skolem – CoinDesk

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