Bonk DAO, the DAO behind meme token BONK, has announced that it is investing $500,000 in an early-stage venture capital fund for Solana startups. The fund is organized by startup accelerator Colosseum, which aims to create new decentralized apps and protocols for Solana. This marks Bonk DAO’s first venture capital investment and is seen as a move to support innovation on the Solana blockchain. Meanwhile, the price of the BONK token has fallen nearly 9% amid broader crypto market declines.
Solana Future: Bonk DAO Takes $500K Gamble on Meme Coin
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