April 17, 2024
Ord.io, an Ordinals explorer platform, announced it had raised $2 million in a pre-seed funding round. The round was led by Sora Ventures and Bitcoin Frontier Fund, and other investors participated, including Eden Block, Arca, Longhash Ventures, Daxos Capital, Portal Ventures, and UTXO Management.
Project | Latest Raise Date | Latest Raise | Stage | Total Raise | Lead Investors | Category |
|---|---|---|---|---|---|---|
Apr 17, 2024 | $2M | Pre-Seed | $2M | Sora Ventures | Bitcoin |
The recent funding will be used to expand the development team, particularly in preparation for the launch of the Runes protocol. The Runes protocol is expected to introduce fungible tokens on the Bitcoin blockchain, offering a more efficient method for minting tokens compared to the BRC-20 standard. This protocol is set to debut alongside the upcoming Bitcoin halving event.
Ord.io is preparing to support the Runes protocol, which aims to improve the fungible token market on Bitcoin. The protocol addresses inefficiencies in the current system and is expected to drive significant activity on the Bitcoin network.
About Ord.io
Ord.io is a platform that enables users to explore and interact with Ordinal inscriptions on the Bitcoin blockchain. Founded by Zach Meyer and Leonidas, the platform allows users to discover, upvote, and comment on inscriptions, enhancing the visibility and engagement of digital assets on Bitcoin. The company focuses on improving the user experience and supporting the growth of the Ordinals ecosystem.
Website: https://www.ord.io/
X Account: https://x.com/ord_io
X Followers today: 66,012
X Followers 30 days ago: 51,846
X Follower change:14,166 (+27.32%)
About Investor
Investor: Sora Ventures
Sora Ventures is a leading venture capital firm in Asia that specializes in digital asset and blockchain investments1. Founded in early 2018, the firm has adopted a unique venture model designed to scale the blockchain community and facilitate the transition of blockchain projects into the business world.
The firm’s strategic approach and commitment to the blockchain ecosystem have enabled it to contribute significantly to the growth and development of various blockchain projects. They are known for their active involvement in the networks they invest in, which gives them a competitive edge in the rapidly evolving blockchain industry.
Location: United States
Website: https://sora.vc/
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