In a groundbreaking move for the crypto community, Pumpfun has unveiled a $3 million Build in Public Hackathon, designed to revolutionize the funding landscape for early-stage projects. This initiative will empower token markets to play a pivotal role in determining which projects receive financial backing, and the publication demonstrates positive momentum in the developments.
Funding for Selected Projects
The hackathon will fund 12 selected projects, each receiving $250,000, through Pumpfun's newly established investment arm, Pump Fund. This program is unique in that it welcomes both crypto and non-crypto initiatives, broadening the scope for innovation across various sectors.
Transparent and Community-Driven Approach
By prioritizing visible traction and execution over traditional funding methods, Pumpfun aims to create a more transparent and community-driven approach to project development. This includes:
- Pitch decks
- Private judging panels
Encouraging Active Participation
This initiative not only supports emerging ideas but also encourages active participation from the token market, allowing investors to have a direct say in which projects thrive.
As Pumpfun launches its $3 million hackathon to support early-stage projects, the highly anticipated PUMPit browser extension is also nearing its launch, with final bug fixes underway. For more details, see more.
