According to TechFlow, MadFi, the developer of Lens Protocol's cultural token BONSAI, announced the completion of a $1 million angel round of financing, led by PTC Crypto, with participation from Social Graph Ventures, Avara and a group of angel investors.

It is reported that BONSAI tokens can enable creators on Lens Protocol to generate income through collectible content, information flow token exchange, gamified staking, novel advertising models, etc.