Pumpfun is shaking up the traditional hackathon model with its latest initiative, the $3,000,000 Build in Public Hackathon. This unique event aims to empower developers by allowing the market to decide which projects receive funding, rather than relying on a panel of judges. The source notes that this approach could significantly change the dynamics of project funding in the tech industry.
Funding for Selected Projects
The Build in Public Hackathon will support 12 selected projects, each receiving $250,000 in funding. This innovative approach is facilitated through Pumpfun's newly established investment arm, Pump Fund, which is open to both crypto and non-crypto ventures.
Challenging Conventional Accelerator Frameworks
By prioritizing market participation and visible execution, Pumpfun is challenging conventional accelerator frameworks, encouraging developers to engage directly with token markets. This shift not only democratizes the funding process but also fosters a more dynamic and responsive development environment.
Pumpfun recently shifted its focus in the DeFi landscape, moving from memecoins to advanced features, as detailed in a prior report. This evolution contrasts with its recent $3,000,000 Build in Public Hackathon initiative. For more information, read more.
