Reddit Co-Founder and Solana Ventures Team On $50M Web 3 Social Media Initiative

By Scott Chipolina

Reddit co-founder Alexis Ohanian and Solana co-founder Raj Gokal collectively announced a $50 million fund with Solana Ventures to invest in Web 3.0 social media technology today.

The announcement was made at this year’s Solana Breakpoint conference in Lisbon, Portugal.

This is a developing story, check back for updates.