Bitcoin Ordinals explorer Ord.io announced Wednesday the closure of a $2 million pre-seed funding round, co-led by Bitcoin Frontier Fund and Sora Ventures.
Eden Block, Arca, 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, and Balaji Fund, along with angel investors, participated in the round. Ord.io did not disclose a valuation or the structure of the round.
The platform lets users search, browse and interact with Ordinals inscriptions on the Bitcoin blockchain and intends to use the fresh capital to expand support for the upcoming Runes protocol, a new fungible token standard for Bitcoin launching at the halving.
“We can now not only double down on our existing features but also introduce new services and financial tools that seamlessly integrate into our core product,” Ord.io’s pseudonymous co-founder Leonidas said in a statement shared with The Block.
