🚀Colosseum, a startup accelerator that organizes hackathons for the Solana ecosystem, has raised a whopping $60M! The fund will be used to invest in early-stage projects, with a focus on pre-seed investments in winners of Solana Hackathons.🎉

The company has already deployed $250K to 11 different companies. Among the investors is Bonk DAO, a council of Solana power brokers, who plans to invest $500K in the fund.

The accelerator sees hackathons as the "crucible" for crypto innovation and company formation. "Our hackathons are designed to level the playing field for builders globally to experiment with crypto product development and launch onchain startups,” explained Matty Taylor, co-founder of Colosseum.

What are your thoughts on this? Do you see hackathons as a catalyst for crypto innovation? Let's discuss in the comments! #Solana #CryptoNews #Blockchain