Inside the ICO Details and What’s Next for the Project

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XPL Public Sale

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Confidence in the Project and Its Backers

Plasma raises $24M in Seed and Series A rounds with support from top investors

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Decreased Potential Returns

What Is Plasma?

Ethereum

Bitcoin

Tether

Glowing "$1B" hologram above a circular platform with a suited figure in a dark, futuristic crypto-themed illustration

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Plasma, the first project launched on Cobie’s Sonar platform, stunned the crypto world by raising $1B in days. With high-speed deposits, major backers, and a stablecoin-first blockchain design, Plasma is shaping up to be a serious player in DeFi.

Framework Ventures

Bitfinex

DRW Venture Capital

Bybit

Mirana Ventures

Nomura

Founders Fund

Peter Thiel

Paolo Ardoino

Cobie

Plasma Raises $1B on Sonar Platform

United States of America

Dragonfly Capital Partners, commonly referred to as Dragonfly Capital, is a venture capital firm that focuses on investments in the blockchain and cryptocurrency space. Dragonfly Capital is known for its active involvement in the blockchain and crypto industry and its commitment to supporting innovative projects and companies.

Dragonfly Capital

Hong Kong

Mirana Ventures is a leading global investment fund that provides long-term capital and strategic partnerships to visionary founders and fund managers in the Web3 space.

HELLO Labs

HelloTrade

HashKey Capital is a blockchain and cryptocurrency-focused venture capital and investment firm based in Hong Kong. They specialize in funding and supporting early-stage blockchain and cryptocurrency projects, startups, and companies.

HashKey Capital

Animoca Brands is a global digital entertainment company that specializes in the development and publishing of mobile games, blockchain-based games, and non-fungible tokens (NFTs). They are known for creating and publishing a wide range of popular games, including licensed intellectual properties such as Formula 1, Doraemon, and MotoGP. Animoca Brands is also heavily involved in the blockchain gaming space, leveraging the benefits of blockchain technology and NFTs to create unique gaming experiences.

Animoca Brands

Folius Ventures invests, popularizes, and participates in the construction of the Web3 ecosystem.

Folius Ventures

Pluto.Vision

Capybobo

Sfermion is a multi-strategy investment firm focused on the immersive internet. Sfermion's mission is to accelerate the emergence of the metaverse by investing in the companies and founders who are shaping our digital future.

Sfermion

Switzerland

L1D aims to be at the forefront of the paradigm shift brought about by decentralized networks and invests in the most promising cryptocurrency managers and founders. L1D aims to help institutional investors gain access to this complex and rapidly evolving space.

L1 Digital

Jordi Alexander

Alpen Capital (Prev. Comfy Capital)

Lauris

Sergey Gorbunov

Max Power

SalsaTekila

Cooker (Kms.eth)

IT4I

Georgios Vlachos

Mantle

Flowdesk

Altcoin Sherpa

ZAGABOND

flock

Groove

0xleonidas

whail

Printr

BitScale Capital invests in teams and solutions that bring transparency and efficiency to our world through cutting-edge technology.

BitScale Capital

China

Early stage venture capital fund focusing on Asia/US cross-border technology investments.

Draper Dragon

Sam Kazemian is an Iranian-American​ software engineer​ and Founder of Frax Finance

Sam Kazemian

Malaysia

Waikit Lau is the Founder of RemoteHQ. He Founded and grew 2 startups to successful exits, one acquired for $86M. Helped take the company public. 17+ years of experience in Technology and Finance, across product, marketing, and sales functions

Waikit Lau

Canada

Axelar

Web3.com Ventures

Sui Foundation promotes and implements the Sui network by supporting the community of its developers and creators.

Sui Foundation

Paul Taylor

Flow Ecosystem Fund

OX.FUN

United Kingdom

Wintermute is a truly value adding investor dedicated to supporting the innovation in the blockchain ecosystem.

Wintermute

Investing in the crypto-powered Web3 and creator economy ecosystems

6MV (6th Man Ventures)

Robot Ventures primarily invests in projects and companies related to decentralized finance (DeFi), blockchain technology, cryptocurrencies, and the broader Web 3.0 ecosystem. They seek to identify promising early-stage projects that are building innovative solutions in these areas.

Robot Ventures

Chapter One Ventures

Big Brain Holdings Invests in Seed, Pre-Seed and Early Stage Startups

Big Brain Holdings

Anatoly is the creator of Solana. He led development of operating systems at Qualcomm, distributed systems at Mesosphere, and compression at Dropbox. He holds 2 patents for high performance Operating Systems protocols, was a core kernel developer for BREW which powered every CDMA flip phone (100m+ devices), and led development of tech that madeProject Tango (VR/AR) possible on Qualcomm phones.

Anatoly Yakovenko

gainzy

doctor.sol

ceteris

Brady

nicovrg

BULK

Mechanism Capital is an investment firm that invests in the cryptocurrency industry with a focus on decentralized finance or DeFi.

Mechanism Capital

Slovakia

Zee Prime Capital is a VC firm based in Bratislava, Slovakia. Investing in programmable assets and early-stage founders globally.

Zee Prime Capital

Managed by the family office of Arthur Hayes (co-founder, BitMEX), Maelstrom is building a long-term portfolio of infrastructure companies that will serve as the foundation of the next wave of trustless decentralization.

Maelstrom

Foresight Ventures is an investment institution focusing on blockchain technology and crypto industry established in 2020, whose predecessor was an international private equity venture capital with more than ten years of investment experience.  We take solid research on market and technology as investment orientation when investing in both primary and secondary markets of equity and token, with nearly 80 million dollars asset under management.

Foresight Ventures

Panga Capital

BIO Protocol

Malta

YZi Labs is an investment firm formerly known as Binance Labs that invests in all stages of development in the fields of Web3, artificial intelligence (AI), and biotechnology.

YZi Labs (prev Binance Labs)

Germany

1kx is a venture capital firm that stands at the forefront of the blockchain and crypto space, focusing on investments in decentralized technologies and blockchain-based projects. Founded by Christopher Heymann and Lasse Clausen, 1kx has established itself as a key player in identifying and supporting early-stage companies that are pushing the boundaries of innovation in the crypto ecosystem.

Northpond Ventures

Balaji S. Srinivasan is the CTO of Coinbase and cofounder of Counsyl, Earn, Teleport, and Coin Center. He was previously CEO at Earn.com, which was recently sold to Coinbase. Prior to taking the CEO role at Earn.com, Dr. Srinivasan was a General Partner at Andreessen Horowitz. Prior to joining a16z, he was the cofounder and CTO of FoundersFund-backed Counsyl, where he won the Wall Street Journal Innovation Award for Medicine and was named to the MIT TR35. Dr. Srinivasan holds a BS, MS, and PhD in Electrical Engineering and an MS in Chemical Engineering from Stanford University. He also teaches the occasional class at Stanford, including an online MOOC in 2013 which reached 250,000+ students worldwide.

Balaji Srinivasan

Volt Capital is a venture capital firm that specializes in investing in early-stage startups in the cryptocurrency and blockchain space. Volt Capital is known for its focus on supporting innovative projects and teams within the cryptocurrency and blockchain ecosystem.

Volt Capital

Moonrock Capital is a Blockchain Advisory and Investment Partnership based in London and Hamburg.

Moonrock Capital

ParaFi Capital is an alternative investment firm focused on blockchain and decentralized finance markets.

ParaFi Capital

Early stage blockchain venture capital. A JV with Lightspeedvp

Faction

DCF GOD

Bryan Pellegrino is the co-founder and CEO of LayerZero Labs, a blockchain company developing LayerZero, an interoperability protocol that enables seamless communication between different blockchains. This protocol is especially significant in the DeFi space, as it allows data and tokens to move across networks like Ethereum, Binance Smart Chain, and Solana.

Bryan Pellegrino

We offer investors intelligently designed investment strategies that take advantage of targeted market opportunities.

VanEck

Mexico

Lvna Capital is an investment fund specialized in blockchain-based digital assets.

Lvna Capital

Bodhi Ventures is a crypto native fund – built by founders for founders.

Bodhi Ventures

Mike Dudas

Borderless Capital is a Blockchain VC firm and a modern financial institution investing capital and co-building financial products with our portfolio companies that accelerates access, bootstraps adoption, and creates value globally through the Algorand Borderless Economy.

Borderless Capital

Race Capital

Joshua Lim

Andrew Steinwold

Breed VC is an early stage crypto venture fund dedicated to helping the top founders build the decentralized future

Breed

Portal Ventures is a fundamentals driven early stage crypto investment firm.

Portal Ventures

Jason Yanowitz

Casey K. Caruso

Escape Velocity

Mike Ippolito

Namik Muduroglu

Guy Young

Rebecca Rettig

Topology Ventures

Metalayer Ventures

Walter Kortschak

Jason Badeaux

Serge Kassardjian

Inversion Capital

Yunqi Partners

SBI Digital Asset Holdings delivers trusted solutions and services for the digital economy, allowing digital solutions to be accessible to the world.

SBI Digital Asset Holdings

Offchain Labs

Polygon Labs

DigiFT

Shanda Group

Hash Global is a Web3 Venture Capital firm founded in 2018. They are dedicated to creating a more open and fair internet by working with the most talented and creative teams globally.

Hash Global

Singapore

XIN Fund Management

North Beta Capital

Coinbase Ventures is the venture capital arm of Coinbase, one of the largest and most well-known cryptocurrency exchanges in the world. Coinbase Ventures is focused on investing in early-stage companies and projects in the blockchain and cryptocurrency space. It provides funding, resources, and support to startups and entrepreneurs working on innovative blockchain and crypto-related technologies and applications.

Coinbase Ventures

PayPal Ventures invests in companies at the forefront of innovation in fintech, payments, commerce enablement, artificial intelligence, blockchain and cryptocurrency, and regulatory and cyber technology.

PayPal Ventures

Kingsway Capital

Japan

SBI Investment (Group)

Uphold

Moderne Ventures is a strategic venture capital and growth equity firm investing in disruptive technology companies like Enterprise SaaS, AI, Robotics, Deep tech, Sustainability, Data and Digital Transaction Management.

Moderne Ventures

Overlook Ventures

CE-Ventures is the corporate venture capital platform of Crescent Enterprises, investing in early- to late-stage high-growth companies and venture funds globally.

CE-Ventures

Mesh

Paradigm is a cryptocurrency-focused investment firm and venture capital company. It was founded by Matt Huang and Fred Ehrsam, both of whom have significant experience in the cryptocurrency and blockchain industry. Paradigm is headquartered in San Francisco, California, and is considered a prominent player in the digital asset and blockchain investment space.

Paradigm

Galaxy is a digital asset and blockchain leader helping institutions, startups, and qualified individuals shape a changing economy.

Galaxy

Samsung NEXT is the innovation arm of the Samsung Group, a global conglomerate. Samsung NEXT is known for its role in identifying, investing in, and developing cutting-edge technologies and startups. The primary focus of Samsung NEXT is to explore and invest in emerging technology trends that align with Samsung's broader business strategies.

Samsung NEXT

ConsenSys develops enterprise applications, invests in startups, builds developer tools, and offers blockchain education.

			Stage	Investors
HELLO HELLO Labs	$4.60 M	~$46.00 M	Funding Round		Gaming	Nov 20, 2025
HelloTrade	$4.60 M	~$46.00 M	Seed Round		DeFi	Nov 20, 2025
PYBOBO Capybobo	$8.00 M	~$80.00 M	Funding Round	+2	Gaming	Oct 30, 2025
Printr	$2.00 M	~$20.00 M	Extended Seed Round	+18	Launchpad	Oct 21, 2025
BULK	$8.00 M	~$80.00 M	Seed Round	+9	DEX	Sep 24, 2025
BIO BIO Protocol	$6.90 M	~$69.00 M	Seed Round	+5	DeSci	Sep 17, 2025
Inversion Capital	$26.50 M	~$265.00 M	Seed Round	+32	Infrastructure	Sep 8, 2025
DigiFT	$11.00 M	~$110.00 M	Strategic Round	+2	--	Aug 21, 2025
Mesh	$9.50 M	~$95.00 M	Funding Round	+6	Finance	Aug 14, 2025
Rialo (Subzero Labs)	$20.00 M	~$200.00 M	Funding Round	+7	Infrastructure	Aug 1, 2025
STABLE Stable (Pre-Market)	$28.00 M	~$280.00 M	Seed Round	+14	Blockchain	Jul 31, 2025
GAIA GaiaNet	$10.00 M	~$100.00 M	Series A	+30	Infrastructure	Jul 23, 2025
Ubyx	$10.00 M	~$100.00 M	Seed Round	+7	Finance	Jun 17, 2025
OneBalance	$20.00 M	~$200.00 M	Series A	+1	Infrastructure	Jun 11, 2025
Hyperion	--	--	Strategic Round	+1	DeFi	Jun 11, 2025
Variational	$1.50 M	~$15.00 M	Strategic Round		Perpetual	Jun 4, 2025
Cooking.City	$7.00 M	~$70.00 M	Funding Round	+2	Memepad	May 30, 2025
WLD World	$135.00 M	~$1.35 B	Funding Round	+2	Artificial Intelligence (AI)	May 21, 2025
Perpl	$9.25 M	~$92.50 M	Funding Round	+5	DeFi	May 13, 2025
KAIA Kaia	--	--	Funding Round	+9	Blockchain	Apr 30, 2025

Mirana Ventures

About Mirana Ventures

Investments Allocation

Fundraising Rounds