Colosseum, a new venture capital fund, has been launched by a former Solana veteran to support blockchain startups, particularly those on the Solana platform. The organization will take over the organization of Solana Foundation’s hackathons, which have been instrumental in the ecosystem's growth. Colosseum will also introduce an Accelerator Program offering $250,000 in pre-seed capital to select hackathon winners. Despite the bear market, Solana has seen an 83% increase in new developer growth and a rise in developer retention rates from 31% to 50%.