According to CoinMeta, the token issuance and governance platform Umia raised $6.11 million through a seven-day auction of Umia tokens, completely diluting its valuation of $18 million. A total of 17.3 million tokens were sold, accounting for 34.6% of the total supply. Participants in this financing included Galaxy Ventures, DCG, Draper Associates, Maven, 11 other funds, and nearly 700 individual bidders. Approximately 45% of the funds came from institutions, which did not obtain seats on the board of directors. Umia helps projects issue tokens through a unified legal framework, on-chain auctions, and decision-making market governance. The first external project, Slop.cash, is expected to be launched in the fourth quarter.