POPA ReconUmia Raises $6M in a Public Auction of Its Own Token
Umia Raises $6M in a Public Auction of Its Own Token Umia raised $6M through the UMIA auction on Base, the first token launched on its own platform. Ten funds, including Galaxy Ventures, DCG and Draper Associates, bid on the same terms as nearly 700 individuals, with no discounts. The public round filled in seven minutes and the sale closed at more than 3x its $2M minimum. Umia's first decision market sent $4.77M of USDC into Aave and Steakhouse on Base. Umia is an onchain platform for launching and funding projects. Each one ties its IP, team and treasury to its token in one legal structur…
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