Umia, a platform designed to help crypto projects launch and govern tokens, has raised $6.11 million through a seven-day auction of its native UMIA token. The auction, which ran on Base from August 26 to September 2, valued Umia at a fully diluted valuation (FDV) of $18 million. Ten funds, including Galaxy Ventures, Digital Currency Group, and Draper Associates, along with nearly 700 individual bidders, participated in the sale, which saw 17.3 million tokens (34.6% of the total supply) sold. All tokens were liquid at launch with no lockup. Umia co-founder and CEO Francesco Mosterts noted that the platform combines a legal wrapper, decision markets, and onchain auctions to ensure value generated by a project goes to its token holders.