Bitcoin Ord.io Secures $2M Investment for Runes Token Launch

Bitcoin Ord.io secured a pre-seed investment worth $2 million from Bitcoin Frontier Fund and Sora Ventures. Notable investors, including Longhash Ventures, Daxos Capital, and Portal Ventures, also participated in this funding round.

The investment intends to help Ord.io go beyond its present projects, incorporating fresh features that align with the upcoming Runes token. Industry experts believe the launch of Runes will bring substantial changes to Bitcoin’s network, similar to the effects observed with Ordinals and the BRC-20 protocol. Mrs. Leonadis, a co-founder, emphasized the importance of Ord.io preparing for the upcoming opportunities in order to connect with millions and boost Bitcoin’s recognition.

Super pumped 🙌

— Zach (@zachmeyer_) April 17, 2024

The city is pushing forward the recruitment process for new developers to join the Ord.io team and expedite software development. Simultaneously, fresh services and financial offerings will be rolled out. Leondays emphasized the need for developing innovative solutions that align with the principles of Bitcoin’s early pioneers instead of merely replicating Ethereum or Solana’s methods.

Read More

Sorry. No data so far.

2024-04-18 01:56