crypto News Report Technology
October 06, 2025

Solana Foundation Launches Global Cypherpunk Hackathon With $2.5M In Prizes And Accelerator Opportunities

In Brief

The Solana Foundation has launched the global Solana Cypherpunk Hackathon on Colosseum’s platform, offering over $2.5 million in prizes, pre-seed funding, and accelerator opportunities for innovative crypto projects.

Solana Foundation Launches Global Cypherpunk Hackathon With $2.5M In Prizes And Accelerator Opportunities

Non-profit organization focused on promoting decentralization, adoption, and security within the Solana network, Solana Foundation announced the launch of the Solana Cypherpunk Hackathon. This global competition is being conducted through Colosseum’s online platform and will run until October 30th. Participants will have the opportunity to compete for prizes, pre-seed funding, and potential admission into Colosseum’s accelerator program. Colosseum’s venture fund will allocate over $2.5 million in capital to select winners.

Colosseum’s hackathons differ from traditional formats, combining intensive engineering and business sprints where top developers compete for awards and funding across several categories. The Grand Champion, sponsored by Phantom, will receive $30,000 in USDC-SPL. Additional prizes ranging from $5,000 to $25,000 USDC are available across multiple tracks, including Consumer Apps by Raydium, DeFi by Arcium, Stablecoins by Reflect, RWAs by Forward Industries, Infrastructure by Triton, and an Undefined category by the Solana Foundation for unconventional ideas.

Special awards include the University Award, granting $10,000 USDC to the best student team, and the Public Goods Award, also valued at $10,000 USDC, for teams developing open-source technology that benefits the ecosystem.

All prize winners will be considered for Colosseum’s accelerator, with up to 15 teams selected to receive $250,000 in pre-seed funding, access to an exclusive mentorship network, private features on the Colosseum platform, in-person support at Colosseum’s San Francisco office, and additional resources. The program will culminate in a Demo Day, offering accelerator teams the opportunity to pitch leading cryptocurrency venture capitalists.

Colosseum Hackathons Encourage Diverse Teams And Ambitious, Market-Driven Crypto Projects

Colosseum hackathons differ from traditional developer-only events by encouraging participation from both technical and non-technical team members. Many previous winners were built by teams that combined developers with cofounders experienced in marketing, finance, operations, design, product management, and other roles. Non-technical participants are advised to collaborate with a technical lead, as the competitions require both engineering and business expertise.

Additionally, the platform recommends building products that create entirely new markets enabled by cryptocurrency or improve existing markets by bringing them on-chain. Participants are encouraged to develop solutions for problems they personally understand, leverage their prior industry experience, and pursue ambitious ideas—even those that have been attempted previously.

Furthermore, in Solana’s online hackathons, the final presentation is a key component due to the high volume of submissions. The presentation slide deck and video are crucial for standing out. During the final week, teams are advised to focus on creating a concise video presentation, ideally using Loom, highlighting the team background, product description, motivation for building the product, potential market opportunity, strategies for initial adoption or traction, and a product demo. Presentations must be under three minutes, requiring participants to tell their product story efficiently, demonstrate functionality, and clearly convey why the project has the potential to become a leading cryptocurrency innovation.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Hot Stories
Join Our Newsletter.
Latest News

The Calm Before The Solana Storm: What Charts, Whales, And On-Chain Signals Are Saying Now

Solana has demonstrated strong performance, driven by increasing adoption, institutional interest, and key partnerships, while facing potential ...

Know More

Crypto In April 2025: Key Trends, Shifts, And What Comes Next

In April 2025, the crypto space focused on strengthening core infrastructure, with Ethereum preparing for the Pectra ...

Know More
Read More
Read more
World Mobile Becomes Leading Infrastructure Chain As Its Ecosystem Expands
crypto News Report Technology
World Mobile Becomes Leading Infrastructure Chain As Its Ecosystem Expands
October 6, 2025
ApeX Protocol Kicks Off Ape Season 1 With 69M APE Reward Pool To Incentivize Trading And Ecosystem Engagement
crypto News Report Technology
ApeX Protocol Kicks Off Ape Season 1 With 69M APE Reward Pool To Incentivize Trading And Ecosystem Engagement
October 6, 2025
Hack Seasons Opporrunity Mixer Panel Explores Strategies For Web3 Adoption, Governance, And Emerging Trends In Crypto
Hack Seasons News Report Technology
Hack Seasons Opporrunity Mixer Panel Explores Strategies For Web3 Adoption, Governance, And Emerging Trends In Crypto
October 3, 2025
Crypto.com, Cypherock, And Binance Signal A New Phase For Web3 In Early October 2025
Business News Report Technology
Crypto.com, Cypherock, And Binance Signal A New Phase For Web3 In Early October 2025
October 3, 2025