PANews reported on August 12 that according to CoinDesk, decentralized investment platform BasedVC completed a $2 million seed round of financing with a valuation of $15 million. Neo Tokyo, Kongz Capital, and angel investors such as Mario Nawfal, Crypto Banter, Ashcrypto and Kmanu participated in the investment.

According to the team: "In the past year, BasedVC platform revenue exceeded $65 million and invested in more than 50 cryptocurrency projects. BasedVC allows the community and retail users to participate in pre-seed and private rounds, avoid the high risk of public rounds, and raise funds from strategic communities such as Neo Tokyo."