StarFun, a new platform on the Solana blockchain, allows startups to raise capital using cryptocurrency, eliminating the need for introductions to venture capitalists. The platform functions as a crowdfunding site where tokens are utilized. StarFun's native token, STAR, can be earned by referring founders or purchased for access to exclusive funding rounds and project data. As of the latest update, StarFun has raised $3,600 of its $2.5 million funding goal, aiming for a $12.5 million fully diluted valuation through a public sale which will last until June 30. The platform plans to commit part of its revenue to buy back and burn STAR tokens, with 50% of the token allocation reserved for the team and ecosystem. Projects using StarFun can also raise USDC. STAR is reportedly available to all U.S. users regardless of their investor status.

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