April 05, 2024
MadFi has completed a $1 million angel investment round for its BONSAI token, a meme coin created on Lens Protocol. This funding round saw participation from Palm Tree Crew (PTC) Crypto, Avara Ventures, Social Graph Ventures, and individual investors, including Boys Club Inc, Spencer Noon, and Sandeep Nailwal.
Project | Latest Raise | Latest Raise Date | Stage | Total Raise | Category |
|---|---|---|---|---|---|
BONSAI | $1M | Apr 5, 2024 | Seed | $1M | Memecoin |
Since its launch, the BONSAI token has grown significantly, with a 340% increase in value and a peak growth of 435%. The token's fully diluted market cap is now approaching $95 million.
The recent funding will accelerate the development and integration of the BONSAI token within the Lens Protocol. BONSAI has become an essential part of the Lens ecosystem, promoting content creation and user engagement by offering rewards for monetizable activities. The user base of Lens Protocol has nearly doubled, growing from 142,468 to 270,703 since the network became permissionless.
The utility of the BONSAI token extends beyond transactions, aligning the interests of platforms, creators, and users. Creators have earned over $3 million in BONSAI tokens, which has become a preferred currency for monetizable content on Lens. In March, BONSAI surpassed wMATIC, capturing 77% of the market share for collected publications on the platform.
About Bonsai:
Bonsai is a community-focused platform designed for on-chain social builders and explorers. It aims to create a decentralized ecosystem where users can engage in social and economic activities through blockchain technology. Bonsai leverages the Lens Protocol to enhance user interaction and monetization in the Web3 space. The platform provides tools and opportunities for users to earn from their content and participation, fostering a vibrant and inclusive community.
Website: https://www.bonsai.meme/
X Account: https://x.com/bonsai_token404
X Followers today: 1,789
About Investor
Investor: PTC Holding
Palm Tree Crew (PTC) Crypto is a venture capital firm that invests in blockchain and cryptocurrency projects. The firm supports innovative startups that aim to revolutionize various sectors through decentralized technologies. It focuses on projects with significant growth potential in the blockchain industry.
Location: United States
Website: https://www.ptc-holdings.com
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
Opmerkingen