December 18, 2023 – Redmond, Washington
Metagood, a blockchain technology and digital assets company, announced the successful completion of a $5 million series seed funding round aimed at advancing its Osura marketplace, focused on art within the Bitcoin ecosystem.
Danny Yang, CEO of Metagood, said,
“Osura is embarking on a groundbreaking collaboration with artists to immortalize 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.”
Spearheaded by Sora Ventures, the series seed round saw participation from key investors including ACTAI Ventures, Bitcoin Frontier Fund, UTXO Management, London Real Ventures and Peach.xyz, among others.
The Ordinals protocol, which is only a year old, has unlocked an important market for storing and securing high-value assets on the Bitcoin blockchain.
Osura is building the infrastructure for launching and trading assets developed on the Ordinals protocol, starting with art on Bitcoin.
Bill Tai, legendary venture capitalist and chairman of Metagood, said,
“Embracing art on Bitcoin marks a stride into digital ownership, paving the way for real-world assets to seamlessly transact on the blockchain.
“As witnessed in other chains with the advent of [NFTs], we anticipate Bitcoin’s journey toward parallel explosive growth and are already seeing Bitcoin surpass other chains in recent NFT trading volumes.”
This funding milestone part of Metagood’s larger financing endeavor of $10 million marks a new era in propelling the development of more technology and product innovations within Osura.
Metagood aims to redefine industry standards by merging technology, art and community engagement in the Bitcoin digital asset marketplace.
Jason Fang, founder and managing partner of Sora Ventures, said,
“Metagood is setting the gold standard for technical innovation in the Ordinals market. Sora Ventures stands firm in the conviction that the most valuable digital artifacts 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.”
The infusion of capital will bolster the company’s efforts in forging partnerships with artists, advancing product enhancements on Osura…
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