🚀 Colosseum, a startup accelerator that organizes hackathons for the Solana ecosystem, has raised a whopping $60 million! This fund will be used to invest in early-stage projects, with a focus on pre-seed investments in startups that emerge as winners from Solana Hackathons.

Already, Colosseum has deployed $250,000 to 11 different companies. The accelerator believes hackathons are the "crucible" for crypto innovation and company formation.

Among the investors is Bonk DAO, a council of Solana power brokers, who plan to invest $500,000 in the fund.

What do you think about this development? Let's discuss in the comments! 👇