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Details: https://www.gate.com/announcements/article/47889
A prominent Web3 platform has rolled out an exciting new initiative to fuel ecosystem growth. The Pump Fund marks a fresh investment vehicle paired with a $3M Build in Public hackathon, designed to nurture early-stage projects. Here's what makes it different: instead of gatekeeping capital through traditional venture selection, the program will back 12 projects with $250K each at a $10M valuation cap, letting market participation drive the funding decisions. It's a shift toward community-first capital allocation, giving developers and builders a real shot at launching their ideas without jumping through the usual VC hoops.