Bitcoin Ordinals wallet Oyl has raised $3 million in pre-seed funding with backing from investors, including crypto entrepreneur Arthur Hayes and pseudonymous BRC-20 token standard creator Domo.
The round was led by Arca, a venture firm primarily focused on Ethereum non-fungible tokens , according to an emailed announcement on Thursday.Multiple other Ethereum NFT funds were also among the backers, marking their first investment in a Bitcoin-focused company. These investors included Kanosei and FlamingoDAO.
Oyl is set to roll out in the coming weeks and will be the first platform to offer"in-wallet" trading of Ordinals. The Ordinals Protocol allows users to mint tokens that can be traded on the Bitcoin network by embedding data into small Bitcoin-based transactions. Ordinals has brought an equivalent of NFTs and other decentralized finance functions to the Bitcoin ecosystem.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »