Quick take:
- The OnChainMonkey NFT collection creator will use the funds to beef up the Osura Ordinals Marketplace with new technologies.
- The fundraising is the first tranche of Metagood’s target of $10 million.
- The Osura marketplace focuses on digital art listings in the Bitcoin ecosystem.
Metagood has announced a $5 million seed round led by Sora Ventures. The fundraising also attracted participation from ACTAI Ventures, Bitcoin Frontier Fund, UTXO Management, London Real Ventures, and Peach.xyz.
The OnChainMonkey NFT collection creator said it will use the funds to advance the Osura marketplace in the Bitcoin ecosystem. This fundraising is part of a larger round of $10 million, that Metagood wants to use to beef up the technologies in Osura.
Commenting on the announcement, Danny Yang, CEO of Metagood lauded the increasing number of artists that have chosen to collaborate with his company “to immortalise their creations on Bitcoin, the blockchain synonymous with unparalleled security and longevity.”
“I’ve been building on Bitcoin for over a decade and couldn’t be more excited about the possibilities that lie ahead for us on the Ordinals protocol which is simple, elegant and powerful,” said Yang.
Metagood also plans to use some of the funds to bolster its partnership portfolio and expand its engineering and marketing talent pool to accommodate a rapidly growing clientele. The company is endeavouring to redefine digital assets industry standards by blending technology, art, and community engagement in the Bitcoin Ordinals market.
Jason Fang, Founder and Managing Partner at Sora Ventures highlighted Metagood’s commitment to spearheading innovation in the Ordinals market.
“Sora Ventures stands firm in the conviction that the most valuable digital artefacts will find their home on Bitcoin. Leading the round for Metagood is not just an opportunity but a testament to our unwavering belief in the Ordinals space,” said Fang.
Metagood is not the only Web3 company looking to accelerate the growth of the Ordinals market. In November, the Bitcoin Ordinals project Taproot Wizards raised $7.6 million in a round led by Standard Crypto to bring back the culture of building on the Bitcoin ecosystem.
Stay up to date:
Subscribe to our newsletter using this link – we won’t spam!
