According to Gadgets360, the Solana Foundation announced a collaboration with CoinCDX to launch a 250 million Indian rupee (approximately $3 million) funding program in India. The aim is to promote local Web3 developers in designing and developing products on the Solana blockchain. Over the next few months, the funds from this grant will be used to initiate an advanced blockchain education program and a competition similar to a hackathon among Web3 developers.