Solana (SOL) Focused Platform Raises $60 Million Investment!
A startup accelerator called Colosseum, with a focus on Solana (SOL), has announced that it has secured a $60 million investment to support early-stage projects.
The $60 million fund, as reported by CoinDesk, has gained significant interest and will be directed towards selected projects that have emerged as winners from Solana hackathons. The founders of Colosseum, including Clay Robbins, Nate Levine, and Matty Taylor, have expressed their excitement about the potential of the Solana ecosystem to provide developers with the necessary infrastructure for scaling crypto products.
The success of the recent Solana hackathon, which attracted over 8,300 participants from 95 countries, has demonstrated the growing interest in this field. Colosseum has already funded 11 different projects, distributing a total of $2.75 million, and is committed to providing opportunities for builders worldwide to experiment with crypto product development and establish on-chain startups.
With SOL experiencing a 7.8% increase in the last 24 hours, its current trading price stands at $138.2. It is important to note that this is not investment advice. However, for those interested in investing in over 300 cryptocurrencies, registering with Binance exchange through this link offers a 20% commission discount.
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