October 2025 Recap — The Countdown to PoW 2.0
October marked a turning point for https://t.co/53qaM1KxIE
After months of building and refining, the team reached a major milestone — the first full deployment of Psy Testnet V1 to internal environments.
🌀Let’s rewind October.
The $MEGA Public Sale is Closed.
Total Bidders: Over 50k
Total Committed: $1.39b
Oversubscription: 27.8x
Thanks to everyone who participated. Now we allocate.
Psy makes it possible to run high-throughput apps like DeFi and AI on a proof-of-work foundation, unlocking true scalability without sacrificing trustlessness.
The future internet starts here.
https://t.co/kZ6LWxqv4k
1/ We’re thrilled to announce our $18M Series A fundraise led by @PayPal Ventures and @generalcatalyst, bringing total cumulative funding to $33 million.
This funding fuels our mission to build the foundational infrastructure for the agentic internet – providing unified identity, governance and native access to stablecoin payments that enable agents to authenticate, transact, and coordinate securely without intermediaries.
We are incredibly grateful to our investors who support our mission: @PayPal Ventures, @generalcatalyst, @8VC, @SamsungNext, SBI US Gateway Fund, @vertexventures, @hashed_official, @HashKey_Capital, @DispersionVC, @AlumniVentures, @AvalancheFDN, @GSR_io, @LayerZero_Core, @animocabrands, @EssenceVenture, and @Alchemy.
A special thank you to our phenomenal angel investors: @EvanWeb3 (Co-founder and CEO, MystenLabs), Hao Min (VP, Circle), @edwinaoki (SVP, Nasdaq; ex- PayPal CTO of blockchain), Frank Chang (VP, Uber), @navinblockchain (CEO, Crystal Intelligence; ex-Ripple Managing Director), @BohanZhangOT (Member of Technical Staff, OpenAI), John Liu (Head of Product, AWS), @RosuGrigore (Professor, UIUC), Haiyan Huang (Professor, UC Berkeley), Sriram Vishwanath (Professor, Georgia Tech) and more.
Join us in building the future of the agentic internet.
Exclusive by @FortuneMagazine: https://t.co/IqFhbePaMw