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.
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EntryPositionAnalyst
· 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.
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GasFeeCrying
· 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
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AirdropSweaterFan
· 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.
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MerkleDreamer
· 11h ago
NGL, this gameplay is indeed fresh. Hearing 250k per project sounds good, but how many can truly survive?
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TheMemefather
· 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...
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fork_in_the_road
· 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.
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.