RockawayX, a venture capital firm based in Prague, has received $125 million for its second early-stage cryptocurrency fund.
According to Forbes, the new fund demonstrates the company’s ongoing faith in blockchain and decentralized technologies, especially in the context of the Solana ecosystem.
RockawayX To Now Focus on Solana Ecosystem
RockawayX is no stranger to placing early wagers in the cryptocurrency industry; the company already manages almost $2 billion in assets, and its noteworthy 2018 investment in Solana has since paid off handsomely.
With this latest fund, RockawayX plans to focus heavily on startups building within the Solana ecosystem. This includes projects related to decentralized finance (DeFi), infrastructure, and consumer applications.
The firm believes Solana’s speed, scalability, and growing developer community position it as a strong foundation for the next wave of crypto innovation.
Also Read: Ethereum’s Market Dominance Under Pressure as BNB Chain and Solana Expand, Binance Research Reports
How will RockawayX Use The Capital?
The capital will be used to support early-stage companies through seed and Series A rounds, helping founders build, scale, and navigate the fast-evolving crypto landscape.
RockawayX’s decision to double down on Solana comes at a time when the ecosystem is gaining renewed momentum, and the firm’s experience and track record make it a key player in identifying promising ventures early in their development.
RockawayX To Keep Few Funds in Liquid
The majority of RockawayX’s new fund will be stored in liquid, revenue-producing assets, with the remaining two-thirds going toward seed-stage investments in early cryptocurrency firms.
CEO Victor Fischer has a straightforward investing thesis: customers will look for more ways to earn income on their holdings as stablecoin usage grows. Demand for applications that present yield potential will rise as a result of this trend, especially in the DeFi space.
RockawayX wants to take advantage of the changing demands of stablecoin users and the growing market for yield-generating cryptocurrency products by focusing on entrepreneurs that address this change.
Is RockawayX’s Decision to Focus on Solana Good?
RockawayX’s strategic decision to concentrate on Solana places the company at the center of a rapidly expanding blockchain ecosystem that is renowned for its scalability, speed, and cheap transaction costs.
Solana is perfect for creating next-generation decentralized apps, particularly in DeFi and consumer-facing solutions, because of its high throughput and developer-friendly environment.
RockawayX can take advantage of promising breakthroughs before they expand by investing in early-stage Solana initiatives.
The company has a significant advantage in supporting these endeavors because of its extensive technological knowledge and infrastructure, which includes managing its own data centers.
With Solana’s ecosystem rapidly developing, RockawayX’s involvement could provide major long-term profits and industry influence.
Also Read: Analyst Predicts Bearish Continuation for Solana, $65 Target Holds Firm