The Solana Foundation is believed to introduce ways to attract developers and startups to its ecosystem. The foundation will hand over the management of hackathons and an accelerator program to Colosseum, an online platform, stated Cointelegraph.
Sources revealed that the organisation will run two to three annual online hackathons for the Solana Foundation and the Colosseum Accelerator. This is a five-week program for hackathon winners. Projects accepted into the accelerator program are expected to receive a pre-seed $250,000 investment from Colosseum.
“It wasn’t initially, hence the community meme of “chewing glass.” However, over the past two years, the amount of documentation, developer tooling, and abstraction of complexity has made it much easier to deploy an app on Solana, even over a 5-6 week hackathon like Colosseum,” Taylor explains.
Furthermore, hackathon participants have launched 4,000 products and raised over $600 million in venture funding, concluded Cointelegraph.
(With insights from Cointelegraph)
