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Web3 Graveyard

Investors

Solana Ventures

Venture arm

Dead projects
4
Rounds led
1
Total announced
$21M
Latest round
Jul 2022

Rounds

ProjectRoundDateAnnounced
Cardinal LabsDeadSeedLeadJul 2022$4.4M
FormfunctionDeadSeedMar 2022$4.7M
FriktionDiscontinuedJanuary 2022 roundJan 2022$5.5M
Jet ProtocolDeadFollow-on roundNov 2021$6.8M

Announced is the size of the whole round, not this investor’s allocation. Backing a project that later failed is an ordinary outcome of venture investing and is recorded here as a fact, not a judgement.