Solana’s Hackathons and Accelerator Program Handed Over to Colosseum
The Solana Foundation has partnered with an online platform called Colosseum to enhance its efforts in attracting developers and startups to its ecosystem. Colosseum will now manage hackathons and an accelerator program for the Solana Foundation. The organization plans to host two to three online hackathons annually, as well as a five-week accelerator program for hackathon winners to enter the Solana ecosystem. Startups accepted into the program will receive a $250,000 pre-seed investment from Colosseum. Matty Taylor, co-founder of Colosseum and former head of growth at the Solana Foundation, explains that the ecosystem has become more developer-friendly over the years, making it easier to develop apps on Solana.
Participants in the accelerator program will benefit from ongoing developer support, mentorship, educational content, and access to the Solana ecosystem’s customer base. The program concludes with a demo day, where founders can pitch their projects to venture funds for further investment and support. Colosseum plans to offer a non-dilutive prize pool of approximately $600,000 for hackathon winners. Founding teams accepted into the accelerator program will receive an additional $250,000 seed investment.
Since 2020, Solana’s hackathons have attracted over 60,000 participants, resulting in the launch of 4,000 products and over $600 million in venture funding. The Solana ecosystem estimates that it had around 2,500 to 3,000 monthly developers in 2023, while Ethereum had approximately 5,769 monthly active developers in the same period. It should be noted that the numbers provided by the Solana Foundation only represent open-source developers tracked on GitHub, which is a small percentage of the entire developer community.
Colosseum’s main goal is to increase the number of developers and technical founders building products on blockchain technology. The platform was co-founded by Matty Taylor, Clay Robbins, and Nate Levine. The Solana Foundation recently observed an increase in developer retention, coinciding with the growth of activity on Solana’s network and the rise in the value of Solana’s native token, as well as Bitcoin.
10 thoughts on “Solana’s Hackathons and Accelerator Program Handed Over to Colosseum”
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The Solana Foundation’s partnership with Colosseum seems promising, but I hope they prioritize quality over quantity when it comes to hackathons.
A non-dilutive prize pool of $600,000 for hackathon winners? That’s truly remarkable and will surely attract top-notch talent! 🏆
The non-dilutive prize pool is a great incentive, but I hope it doesn’t overshadow the importance of fair funding and support for all participants. 🎁🙏
Demo day is the perfect opportunity for founders to showcase their projects and secure further investment. The sky’s the limit!
participants in Solana’s hackathons is impressive, but I’m curious about the quality and sustainability of the resulting products.
The growth in developer retention on Solana’s network is a clear indication of the ecosystem’s strength and potential. Exciting times ahead!
While this partnership seems promising, I’ll keep an eye on how the Solana ecosystem evolves and if it truly becomes more developer-friendly.
With over 60,000 participants and $600 million in venture funding, Solana’s hackathons have already proven their success. Innovation at its finest!
It’s essential for Colosseum and Solana to ensure diversity and inclusivity in their developer community. The blockchain space needs representation from all backgrounds.
So, Matty Taylor helped create Colosseum after leaving the Solana Foundation? Seems like a conflict of interest to me.