Pump.fun Moves Into Startup Investing with Its Ecosystem Fund of $3M Pump:-💥💥🚀🚀🔥🔥
Fun has introduced a new investment fund called Pump Fund as a venture capital fund where it focuses on funding early stage projects conducted in an open manner on its platform by putting in a sum of $3 million to support a total of 12 projects of $250,000 per team.
Key Highlights: Market-Driven Funding: The investment process in Hatchify depends only on the market's recognition, as opposed to investment pitch panels or typical venture capital structures.
- Building in Public Hackathon: The project kicked off with a hackathon where the teams are tasked with launching their token, locking away a minimum of 10% of it, and building openly through community engagement and showcase of milestones.
- Eligibility: It is applicable to various types of projects and various levels of development, focusing on visible progress, organic demand, and sustainability. What to Expect - Mentorship and Support: Selected teams shall be given a chance to be mentored directly by the founders of Pump.fun themselves! - Funding & Growth: The fund is Pump.fun’s most organized effort till now among establishing funding opportunities for startups beyond token development.
#sol #solana #PUMPF #pumpfun $PUMP