1 month ago
Bitcoin Ordinals explorer Ord.io has raised $2 cardinal successful a pre-seed backing circular co-led by Bitcoin Frontier Fund and Sora Ventures to hole for the highly anticipated motorboat of the Runes Protocol.
Other investors successful the circular included Longhash Ventures, Daxos Capital, Portal Ventures, UTXO Management, Rubik Ventures, VitalTao Capital, Antalpha Ventures, Kommune Fund, Edessa Capital, PetRock Capital, PG Capital, Shake and Bake Productions, Re7 Capital, Balaji Fund, and respective angel investors.
Impending Runes Protocol launch
According to an April 17 connection shared with CryptoSlate, the superior infusion is poised to propel Ord.io beyond its existent Ordinals exploration focus, enabling the level to present caller features and innovative products that capitalize connected the impending motorboat of Runes — a caller fungible token modular for Bitcoin that is slated to motorboat connected the time of the halving.
Market observers judge the impending Runes motorboat would significantly interaction Bitcoin’s ecosystem, with galore comparing it to past year’s motorboat of the Ordinals-based BRC-20 standard.
The project’s co-founder, Leonadis, emphasized the request for the level to beryllium prepared for the opportunities this could bring, noting that it could importantly grow Bitcoin’s entreaty to millions. He stated:
“We’re positioning ourselves to beryllium capable to service the adjacent procreation of Bitcoiners who not lone privation to clasp BTC but besides cod JPEGs and commercialized memecoins… We judge that Runes and memecoins tin onboard tens of millions of radical to Bitcoin but we person to marque definite the acquisition is great.”
Consequently, the caller backing volition alteration the institution to “double down on existing features” and “introduce caller services and fiscal tools.” The funds volition besides spell toward expanding the developer team.
Leonadis said:
“We can’t conscionable copy-paste Ethereum oregon Solana to Bitcoin. That would beryllium specified a disappointing outcome. Instead, we request to clasp the values of legendary Bitcoiners similar Satoshi Nakamoto, Hal Finney, and Casey Rodarmor to make thing overmuch better”
The station Ord.io prepares for caller Bitcoin modular with $2 cardinal backing boost appeared archetypal connected CryptoSlate.
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