MadFi, a developer team focused on blockchain innovations, has secured a $1 million angel funding round for its BONSAI token – a meme token on the Lens Protocol, according to an announcement made on April 5 .

The investment pushes BONSAI's total market capitalization to approximately $100 million on a fully diluted basis. The integration of the token into the Lens protocol since its launch on March 4 has made it an important tool for content creators to monetize and engage communities in the digital economy.

Several leading figures and organizations from the cryptocurrency and venture capital sectors participated in this round, including Palm Tree Crew (PTC) Crypto, Avara Ventures, and Social Graph Ventures.

Additional investors include Friends with Benefities, Refraction, Boys Club Inc., Fire Eyes, Robert Leshner, Spencer Noon, and Polygon co-founder Sandeep Nailwal — indicating widespread support for BONSAI's potential to innovate content monetization on blockchain networks.

PTC Crypto's Brett Sherr praised memecoin for achieving over 80% of coins paid out on the Lens protocol, highlighting the token's role in boosting user acquisition and engagement across the app ecosystem.

Carlos Beltran, co-founder and CEO of MadFi, said the goal is to make BONSAI the default currency in Lens. He emphasized the role of the token in rewarding content creation