【Blockchain Rhythm】 Recently, a big news has been circulating in the community—Pump.fun has established a dedicated investment department, Pump Fund, with the intention of using real capital to support innovative projects within the ecosystem. This move is quite interesting, indicating that such platforms are shifting from purely facilitating trades to deeper ecosystem development.
How exactly does it work? They have allocated $3 million to host a BiP Hackathon, which is quite a sizable event. What benefits do participating projects receive? Each selected project will receive a $250,000 investment, supporting a total of 12 projects. More importantly, this investment is based on a $10 million valuation, meaning project teams can obtain relatively stable financing conditions.
Not only is funding in place, but the founding team of Pump.fun will also be involved throughout the guidance process, which is a valuable resource for startups. Essentially, this is about transforming the platform’s influence and resource network into ecosystem competitiveness, allowing more promising projects to grow within this ecosystem. This investment plus incubation approach is beneficial for the long-term development of the entire ecosystem.
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NFTRegretful
· 10h ago
Wow, Pump.fun is finally starting to spend money. This time, they really want to play the long game.
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RugpullAlertOfficer
· 10h ago
Another new trick to cut leeks? Throwing 3 million to wash it clean?
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DegenMcsleepless
· 10h ago
3 million for 12 projects, averaging 250,000 each. This valuation is tightly anchored, and it seems there's little room for negotiation.
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FlippedSignal
· 10h ago
Really? Investing 3 million USD only in 12 projects, this valuation is really stable... But on the other hand, Pump.fun is indeed aiming for long-term operation in this round.
Pump.fun Investment Department Officially Launches, $3 Million Hackathon Supports Early-Stage Projects
【Blockchain Rhythm】 Recently, a big news has been circulating in the community—Pump.fun has established a dedicated investment department, Pump Fund, with the intention of using real capital to support innovative projects within the ecosystem. This move is quite interesting, indicating that such platforms are shifting from purely facilitating trades to deeper ecosystem development.
How exactly does it work? They have allocated $3 million to host a BiP Hackathon, which is quite a sizable event. What benefits do participating projects receive? Each selected project will receive a $250,000 investment, supporting a total of 12 projects. More importantly, this investment is based on a $10 million valuation, meaning project teams can obtain relatively stable financing conditions.
Not only is funding in place, but the founding team of Pump.fun will also be involved throughout the guidance process, which is a valuable resource for startups. Essentially, this is about transforming the platform’s influence and resource network into ecosystem competitiveness, allowing more promising projects to grow within this ecosystem. This investment plus incubation approach is beneficial for the long-term development of the entire ecosystem.