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Pump.fun announces the establishment of the investment division Pump Fund
BlockBeats News, January 20th, Pump.fun announced the establishment of its investment arm, Pump Fund. The fund will promote the development of early-stage projects within the ecosystem by establishing long-term partnerships with projects.
Pump Fund’s first initiative is the launch of a $3 million BiP Hackathon: with a valuation of $10 million, it will invest $250,000 in each of 12 projects and provide various support such as guidance from the Pump.fun founding team for selected projects.