Solana SOL Platform Secures 60 Million Investment

Solana (SOL) Centered Platform Raises $60 Million in Investment!
A startup accelerator focused on Solana (SOL) called Colosseum has announced that it has secured $60 million to invest in early-stage projects.
According to CoinDesk, Colosseum stated that the $60 million fund was oversubscribed and will be used to invest in selected projects chosen from the winners of Solana hackathons.
The startup accelerator, founded by Clay Robbins, Nate Levine, and Matty Taylor earlier this year, recently concluded its first Solana hackathon from March 4 to April 8. This hackathon saw the largest participation ever, with more than 8,300 participants from 95 countries.
Clay Robbins, one of the co-founders of Colosseum, commented on the fund, saying, “There is clearly a market demand for new, proprietary venture products in crypto, and we are excited to welcome a diverse group of investors, including ecosystem founders and hackathon alumni, who are alongside us to realize our Colosseum vision.”
He also mentioned that Colosseum has already funded 11 different projects and distributed $2.75 million. The startup’s hackathons are designed to provide opportunities for builders around the world to experiment with crypto product development and build on-chain startups, as stated by Matty Taylor, another co-founder and former head of growth at the Solana Foundation.
At the time of writing, SOL has seen a 7.8% increase in the last 24 hours and is currently being traded at $138.2.
*This is not investment advice.
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