Solana Foundation Introduces Convertible Grants and Investments to Support the Solana Ecosystem

The Solana Foundation announces an expanded capital deployment strategy to support the Solana ecosystem through convertible grants and investments. Convertible grants are grants that are only converted into investments when the project reaches certain milestones. This will allow projects to build a viable business with the support of the Solana Foundation without the constraints associated with traditional grants. An investment is simply a foundation's investment in a company. This option is more suitable for for-profit Solana-based companies that have a commercial product and are actively raising capital. The Foundation believes that these projects may directly or indirectly advance its goals to promote the adoption, utility, decentralization, or security of the Solana network, but may not be public goods.