Colosseum devoted to Solana raises $60 million to support hackathon groups

Enjoyable information from Colosseum! We are thrilled to announce that we will be making use of the $60 million we secured in Fund I to invest in top teams from Solana hackathons.

The group just lately unveiled this interesting development, emphasizing our determination to supporting progressive hackathon teams via our Accelerator system.

At Colosseum, we are passionate about attracting, nurturing, and investing in founders in the cryptocurrency place, significantly individuals targeted on Solana (SOL).

Clay Robbins, Co-founder of Colosseum, shared, β€œOur mission at Colosseum is to empower founders to bring their solution tips to existence, breaking free from the constraints of regular accelerator models. We have witnessed a developing need for specialized venture products in the crypto area, and with the help of our assorted team of investors, we are excited to make Colosseum’s vision a fact.”

Our Solution

Colosseum’s method revolves all over the perception that on the net hackathons perform a pivotal job in driving innovation and progress in the crypto landscape. Quite a few profitable startups in the Solana ecosystem have emerged from these hackathons.

By integrating these events into our fund, Colosseum can supply founders with thorough guidance, from the first stages of conceptualizing an strategy to launching their tasks on the mainnet.

Previously this calendar year, we structured our to start with hackathon in collaboration with the Solana Basis. With over 8,000 participants from 95 nations submitting 1,000+ items, the occasion was a massive accomplishment. Subsequently, 10 winners had been picked to sign up for our on-line accelerator program.

β€œOur hackathons are made to empower builders throughout the world to check out crypto products growth and kickstart their on-chain startups,” highlighted Matty Taylor, Co-founder of Colosseum.

After completing the Accelerator method, Colosseum stays fully commited to helping tasks by granting them obtain to our on the internet system. This consists of valuable assets like a personal social network for mentors and alumni. Mark your calendars – the formal demo working day for our latest batch of accelerator founders is scheduled for June 27, 2024.

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