Alexis Ohanian, the co-founder of Reddit, told conference attendees on Tuesday that he has partnered with Solana Ventures to further the growth of decentralized social media projects on the Solana blockchain. What Happened According to a report from CoinDesk, Ohanian’s venture firm Seven Seven Six and Solana Ventures announced a $100 million commitment to “the next wave of social, built on Solana” at the Solana Conference in Lisbon. Originally, the investment was meant to be $50 million but Ohanian reportedly increased the amount to $100 million after he deemed the original amount insufficient during an onstage discussion. “With a high-performance blockchain like Solana, there is an unprecedented opportunity to fuse social and crypto in a way that feels like a [Web 2] social product but with the added incentive of empowering users with real ownership,” said Ohanian. Earlier this month, Ohanian described Facebook’s rebrand to Meta Platforms Inc. as a …