The Solana Foundation will expand into the Brazilian market and plans to invest over $10 million in the local Web3 sector

ChainCatcher news, according to News.Bitcoin, the Solana Foundation announced its expansion into Brazil and plans to establish a "super team" to encourage local developers to leverage the low fees and scalability advantages of the Solana blockchain to develop applications.

At the same time, the Solana Foundation will also invest over $10 million in various areas of the Brazilian Web3 ecosystem, including digital art, asset tokenization, and artificial intelligence.