The Solana (SOL) Foundation is taking a strategic step to enhance its blockchain ecosystem by transferring the management of its hackathons and accelerator programs to Colosseum. This move is geared towards fostering innovation and supporting developers in creating new ventures within the Solana ecosystem.

Since its inception, Solana’s hackathons have played a pivotal role in the ecosystem’s growth, drawing over 60,000 participants across the globe and resulting in the launch of around 4,000 products. These events have not only showcased Solana’s potential but also helped in securing substantial venture capital funding for the winners, amounting to over $600 million.
Colosseum, co-founded by former Solana Foundation Head of Growth Matty Taylor, former Slow Ventures Principal Clay Robbins, and ex-Stripe software engineer Nate Levine, is set to continue this legacy. The organization plans to host two to three annual online hackathons, providing a platform for developers to bring their ideas to fruition and embark on their crypto startup journeys.