metagooda blockchain technology and digital assets company, announced the successful completion of a $5 million seed funding round aimed at advancing its Osura Marketfocused on art within the bitcoin ecosystem, according to a press release sent to bitcoin Magazine.
“Osura is embarking on a groundbreaking collaboration with artists to immortalize their creations on bitcoin, the blockchain synonymous with unparalleled security and longevity,” said Danny Yang, CEO of Metagood. “I've been building on bitcoin for over a decade and I couldn't.” “I couldn't be more excited about the possibilities ahead of us with the Ordinals protocol, which is simple, elegant and powerful.”
Led 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.
This funding milestone, part of Metagood's broader $10 million financing effort, marks a new era in driving the development of more technology and product innovations within Osura. Metagood aims to redefine industry standards by fusing technology, art and community participation in the bitcoin digital asset market.
“Metagood is setting the gold standard for technical innovation and leading the market for Ordinals,” said Jason Fang, founder and managing partner of Sora Ventures. “Sora Ventures remains steadfast in its belief that the most valuable digital artifacts will find their home in bitcoin. Leading the round for Metagood is not just an opportunity, but a testament to our unwavering belief in the Ordinals space.”
The capital injection will bolster the company's efforts to forge partnerships with artists, promote technological improvements at Osura, and expand its engineering and marketing talent pool to accommodate customer and user growth.
“With this new financing, Metagood is poised to elevate the Osura market to new heights, further solidifying our position as an industry leader in premium digital gadgets,” said Amanda Terry, Chief Operating Officer of Metagood. “As we navigate the exciting landscape leading up to the bitcoin halving in April 2024, we believe this is the perfect time to grow our team and advance our commitment to bitcoin innovation.”
Disclaimer: UTXO Management's parent company, btc Inc., is also the parent company of bitcoin Magazine.
