The cryptocurrency industry continues to attract an increasing number of institutional players. This is evidenced by new investments in infrastructure and the growing attention companies are paying to Bitcoin as an asset class. ForkLog reviews the most significant events of recent weeks.<\/p>\n
The Solana-focused accelerator Colosseum has raised $60 million for its first fund to support early-stage ecosystem startups, reports The Block<\/a>.<\/p>\n The structure invests in projects selected during hackathons. The standard investment in a startup is $250,000, with the potential to increase in subsequent rounds, noted Colosseum co-founder Clay Robbins.<\/p>\n According to him, fundraising began at the end of 2023 with a target of $50 million.<\/p>\n The fund has already financed the first 10 teams on Solana. Among them are the mining token project Ore, the swap aggregator Urani, and the DePIN<\/span> protocol BlockMesh.<\/p>\n \u201cCryptocurrency is still in the early stages of adoption, and Colosseum\u2019s model of integrating online hackathons with an accelerator and fund can guide the development, application, and growth of any technology,\u201d Robbins believes.<\/p>\n<\/blockquote>\n MegaLabs, the developer of the blockchain called MegaETH, has raised $20 million in a seed funding round led by Dragonfly Capital.<\/p>\n Proud to announce MegaETH’s $20M Seed Round<\/p>\n MegaETH is the first Real-Time Blockchain, streaming transactions at 100,000 TPS with millisecond latency<\/p>\n Our mission is to turn cutting-edge ideas into everyday reality with fully onchain, interactive & sophisticated apps<\/p>\n \u2728Story\u2026 pic.twitter.com\/aaWaNSqxNx<\/a><\/p>\n \u2014 brother bing \/ mega-bing \/ \u997c\u5144 (@hotpot_dao) June 27, 2024<\/a><\/p><\/blockquote>\n \n
Vitalik Buterin Supports Ethereum Project MegaETH in $20 Million Round<\/h2>\n
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