Odaily Planet News: Pump.fun posted on the X platform, announcing the establishment of the Pump Fund today. The fund aims to promote the development of the Pump.fun startup ecosystem by building long-term partnerships with projects. The fund's first initiative is the BiP Hackathon, which will provide 12 projects with $250,000 each at a $100 million valuation, along with guidance from Pump.fun's founders and other forms of support.
Pump.fun Launches Pump Fund and BiP Hackathon to Support 12 Projects
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Summary
Pump.fun has launched the Pump Fund to accelerate ecosystem growth, with a focus on long-term partnerships. The fund's first initiative is the BiP Hackathon, which will support 12 projects with $250,000 each at a $100 million valuation. Founders and industry experts will provide mentorship and additional support. This initiative aligns with broader news in the Ethereum ecosystem, highlighting continued investment in developer tools and infrastructure.
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