PANews reported on May 28 that according to Investing.com, Blockchain Builders, founded by Stanford graduates Gil Rosen, Kun Peng and Steven Willinger, announced the completion of a $28 million fund raising, which was oversubscribed. The fund has invested more than $16 million in 40 blockchain startup projects, focusing on the intersection of AI and blockchain and financial technology applications.

Core investments include: investing $1 million each in modular AI company 0G and supercomputing project Nexus Labs (subsequent additional investments), and participating in their competitive rounds of financing. The fund plans to complete the deployment of the remaining $12 million by the end of 2025, and several invested projects are preparing for token generation events (TGE). The second phase of the fund plans to expand its investment network to universities such as Carnegie Mellon and Princeton.