Reddit Co-Founder and Solana Ventures Team Up On $100M Web 3 Social Media Initiative

Reddit and Solana's founders have teamed up to announce a $100 million initiative for Web 3.0 social media technology. Read the full article by: Scott Chipolina

Key Points:

• Solana has had an eventful couple of days and to add to that the co-founder, Raj Gokal, announced a partnership fund with Reddit co-founder, Alexis Ohanian. The fund will be worth $50 million.

• The Graph also just announced a partnership with Solana as well to help the overall development of the SOL ecosystem. The number 5 cryptocurrency by market cap partnered with Brave yesterday too where they will be the default network of the browser.

• SOL has also had its rough patches recently with reports that they were being un truthful about their token supply and the outage that was caused by bots in September.

• For Reddit and Solana Ventures this is big news as they are aiming to bring the social media aspect to Web 3.0 and help fund all the work that goes into the innovation of the internet.