Bitcoin Ordinals explorer Ord.io has raised $2 million in a pre-seed funding round co-led by Bitcoin Frontier Fund and Sora Ventures to prepare for the highly anticipated launch of the Runes Protocol.
Other investors in the round 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 several angel investors.
Impending Runes Protocol launch
According to an April 17 statement shared with CryptoSlate, the capital infusion is poised to propel Ord.io beyond its current Ordinals exploration focus, enabling the platform to introduce new features and innovative products that capitalize on the impending launch of Runes — a new fungible token standard for Bitcoin that is slated to launch on the day of the halving.
Market observers believe the impending Runes launch would significantly impact Bitcoin’s e
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