Bitcoin Ordinals Platform Ord.io SecuresRunes Launch
The funding will accelerate the development of the Runes protocol, a new token standard on Bitcoin, set to debut during the upcoming halving event.
- Ord.io, a Bitcoin Ordinals explorer, has raised $2 million in pre-seed funding to expand its platform for the upcoming Runes protocol.
- The funding round was led by Bitcoin Frontier Fund and Sora Ventures, with participation from various investors and angel backers.
- Runes, developed by Casey Rodarmor, introduces a new fungible token standard for Bitcoin, aiming to enhance token transactions efficiency and security.
- The Runes protocol is scheduled to launch coinciding with Bitcoin's halving, an event that will also see miner rewards halved.
- The launch of Runes is viewed as a significant step towards diversifying the capabilities of the Bitcoin blockchain, traditionally focused on its native cryptocurrency.
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