Sole Selector lets users design and mint their own sneaker NFTs on the Solana blockchain.
Solrise said the capital will be used to make the DeFi ecosystem more accessible to wider investor audiences.
The exchange-traded product will track the performance of Solana’s native SOL token.
LMAX will provide foreign exchange and crypto trading data.
Evan Cheng, the director of research at Facebook’s Novi Financial, is also joining the project as an adviser.
The Solana ecosystem is backed heavily by Sam Bankman-Fried, and has been pitched as a faster, cheaper alternative to Ethereum.
Oxygen will enter its beta stage in the next two to three months, co-founder Alex Grebnev said.
It's one of the largest token sales in recent memory.
The launch comes only weeks after Solana drew $60 million in funding for projects in Brazil, Russia, India and Ukraine.
DeFi traders using OpenOcean can now make swaps on Solana-based exchanges.
The firm is building a centralized exchange and a decentralized one on the Solana blockchain.
The fund will focus on growing the Solana ecosystem in Brazil, India, Russia and Ukraine.
The funds are each bringing $20 million in investment to boost growth and development for Solana in the Chinese region.