Blockchain Builders raises $28 million in funding to support cryptocurrency startups

According to Investing.com, Blockchain Builders, founded by Stanford graduates Gil Rosen, Kun Peng, and Steven Willinger, announced that it has raised $28 million in funding and oversubscribed. The fund has injected over $16 million into 40 blockchain startups, focusing on the intersection of AI and blockchain, as well as financial technology applications. The core investment includes investing $1 million each in modular AI company 0G and supercomputing project Nexus Labs (to be added later), and participating in their competitive rounds of financing. The fund plans to complete the remaining $12 million deployment by the end of 2025, and multiple invested projects are preparing for token generation events (TGEs). The second phase fund plans to expand its investment network to universities such as Carnegie Mellon and Princeton.