Seven Seven Six, the venture firm of American internet entrepreneur. Of course, and investor Alexis Ohanian, co-founder of social media platform Reddit Also, Solana Ventures goes on to reveal at the recent Solana Breakpoint 2021 conference in Lisbon. Of course, how there are plans of investing $50 million each in decentralize social media projects.
Furthermore, as per a report by Reuters, Reddit Co-Founder Ohanian says in a statement:
“With a high-performance blockchain like Solana,…”
“there is an unprecedented opportunity to fuse social and crypto in a way that feels like a…”
“Web2 social product but with the added incentive of empowering users with real ownership…”
Then, Reddit Co-Founder Ohanian adds
“We are at a pivotal inflection point in these early days of Web3.“
More so, And Raj Gokal, co-founder and COO of Solana Labs expresses his thoughts too, with Reddit Co-Founder.
“Web3 turns users and creators into owners and stakeholders,…”
“a change that can’t come soon enough to social media…”
“Social media in the metaverse will be a collection of millions of self-sufficient communities.“
Then, And Raj Gokal, co-founder and COO of Solana Labs explains while talking with Reddit Co-Founder.
Lastly, reports also mentions that Austin Federa, Head of Communications at Solana Labs. Of course, notes that this partnership will be mostly on Solana,
“the future is cross-chain so the initiative will consider all projects, irrespective of chain.”
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