6 months ago
MadFi, a developer squad focused connected blockchain innovations, has secured a $1 cardinal angel backing circular for its BONSAI token — a memecoin connected the Lens Protocol, according to an April 5 announcement.
The concern propels the full marketplace headdress of BONSAI to astir $100 cardinal connected a afloat diluted basis. The token’s integration into the Lens Protocol since its motorboat connected March 4 has marked it arsenic a important instrumentality for contented creators to monetize and prosecute communities wrong the integer economy.
Several starring figures and organizations successful the crypto and task superior sectors participated successful this round, including Palm Tree Crew (PTC) Crypto, Avara Ventures, and Social Graph Ventures.
Additional investors included Friends with Benefits, Refraction, Boys Club Inc., Fire Eyes, Robert Leshner, Spencer Noon, and Polygon co-founder Sandeep Nailwal — indicating wide enactment for BONSAI’s imaginable to innovate contented monetization connected blockchain networks.
Brett Shear of PTC Crypto praised the memecoin for achieving implicit 80% of paid mints connected the Lens Protocol, highlighting the token’s relation successful enhancing idiosyncratic acquisition and engagement crossed its exertion ecosystem.
MadFi co-founder and CEO Carlos Beltran said the extremity is to marque BONSAI the default currency connected Lens. He emphasized the token’s relation successful rewarding contented instauration and engagement arsenic cardinal to its accelerated adoption and success.
With a 310.58% summation successful worth wrong a period and creators earning implicit $3 cardinal successful BONSAI, the token has demonstrated robust inferior arsenic a monetary and rewards furniture connected Lens.
It has surpassed wMATIC arsenic the preferred currency for monetizable content, capturing astir 77% of Lens’ collected publications marketplace stock successful March.
The MadFi team, leveraging its acquisition since the motorboat of the Lens Protocol, continues to beforehand values specified arsenic contented ownership, societal graph portability, and on-chain societal actions.+
MadFi aims to redefine contented instauration and depletion done BONSAI successful an effort to connection creators just compensation and foster a assemblage that rewards engagement and brings worth to the ecosystem.
The station Lens Protocol-based memecoin BONSAI hits $100 cardinal valuation aft latest backing round appeared archetypal connected CryptoSlate.
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