Blockchain Builders raised $28 million in funding to support encryption startups.

PANews, May 28 news, according to Investing.com, Blockchain Builders, founded by Stanford graduates Gil Rosen, Kun Peng, and Steven Willinger, announced the completion of a $28 million fundraise, which was oversubscribed. The fund has injected over $16 million into 40 blockchain startup projects, focusing on the intersection of AI and blockchain as well as financial technology applications. Core investments include: investing $1 million each in modular AI company 0G and supercomputing project Nexus Labs (with additional funding to follow), as well as participating in their competitive round financing. The fund plans to complete the remaining $12 million deployment by the end of 2025, with several invested projects preparing for Token Generation Events (TGE). The second-phase fund intends to expand its investment network to universities such as Carnegie Mellon and Princeton.