Colosseum is committed to investing in winning teams in Solana hackathons. The group announced that it had raised $60 million from the oversubscribed Fund I. These funds will be used to support successful hackathon teams accepted into Colosseum's Accelerator program. 🚀

Colosseum is dedicated to attracting, accelerating and investing in founders focused on cryptocurrency, specifically related to Solana (SOL).

Colosseum's strategy is based on the belief that online hackathons, events where participants compete to develop a prototype application using a blockchain platform, are vital to crypto innovation and growth.

Earlier this year, Colosseum held its first hackathon for the Solana Foundation. More than 8,000 exhibitors from 95 countries presented more than 1,000 products. After the event, 10 winners were accepted into Colosseum's online accelerator program.

After the accelerator program, Colosseum will continue to support projects. This includes online tools such as a private social network for mentors and alumni. The first official demo day for current accelerator founders is set for June 27, 2024.