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.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
EntryPositionAnalystvip
· 11h ago
NGL, this is the right approach. Let the community vote directly instead of a few VC guys making the decisions. Builders finally have a chance.
View OriginalReply0
GasFeeCryingvip
· 11h ago
ngl this is what I want to see, finally a platform that doesn't play the VC small circle game... 250k is really enough for a small team
View OriginalReply0
AirdropSweaterFanvip
· 11h ago
Finally, someone has figured it out. The VC screening mechanism is garbage. Now it's the community deciding who gets the money—that's the right approach.
View OriginalReply0
MerkleDreamervip
· 11h ago
NGL, this gameplay is indeed fresh. Hearing 250k per project sounds good, but how many can truly survive?
View OriginalReply0
TheMemefathervip
· 11h ago
NGL, this is the kind of model that Web3 should have. But on the other hand, is a $10M valuation cap too conservative...
View OriginalReply0
fork_in_the_roadvip
· 11h ago
NGL, this model has some potential. The 250k valuation ceiling is considered fair play, much more reliable than that group of traditional VCs.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)