Solana Labs’ $250M flagship social media and gaming fund has only been partially deployed over the past year

According to Foresight News, according to The Block, Solana Labs CEO Anatoly Yakovenko said in an interview at Breakpoint 2022 in Lisbon that a year later, Solana Labs' total of $250 million in crypto social and gaming funds have only deployed part of the funds, focusing on small seed round investments, of which the amount deployed so far in the social media fund is "far less than half." Current social media products include Dispatch, Squads, Dialect, and Wordcell, and 37 games are online or ready to go online.

Foresight News notes that Solana Labs announced two flagship funds at Breakpoint 2021: a $100 million fund focused on decentralized social media, and a $150 million fund to encourage blockchain-based games.