Redmond, Washington, United States, December 18th, 2023, Chainwire
Metagood, a blockchain know-how and digital belongings firm, introduced the profitable completion of a $5 million collection seed funding spherical aimed toward advancing its Osura market, targeted on artwork inside the Bitcoin ecosystem.
“Osura is embarking on a groundbreaking collaboration with artists to immortalize their creations on Bitcoin, the blockchain synonymous with unparalleled safety and longevity,” mentioned Danny Yang, CEO of Metagood. “I’ve been constructing on Bitcoin for over a decade and couldn’t be extra excited concerning the prospects that lie forward for us on the Ordinals protocol which is easy, elegant and highly effective.”
Spearheaded by Sora Ventures, the collection seed spherical noticed participation from key buyers together with ACTAI Ventures, Bitcoin Frontier Fund, UTXO Administration, London Actual Ventures, and Peach.xyz, amongst others.
The Ordinals protocol, which is barely a 12 months previous, has unlocked an essential marketplace for storing and securing high-value belongings on the Bitcoin blockchain. Osura is constructing the infrastructure for launching and buying and selling belongings developed on the Ordinals protocol, beginning with artwork on Bitcoin.
“Embracing artwork on Bitcoin marks a stride into digital possession, paving the best way for real-world belongings to seamlessly transact on the blockchain,” remarked Invoice Tai, legendary enterprise capitalist and Metagood Chairman. “As witnessed in different chains with the appearance of non-fungible tokens (NFTs,) we anticipate Bitcoin’s journey towards parallel explosive development and are already seeing Bitcoin surpass different chains in current NFT buying and selling volumes.”
This funding milestone, a part of Metagood’s bigger financing endeavor of $10 million, marks a brand new period in propelling the event of extra know-how and product improvements inside Osura. Metagood goals to redefine trade requirements by merging know-how, artwork, and group engagement within the Bitcoin digital asset market.
“Metagood is setting the gold normal for technical innovation within the Ordinals market,” acknowledged Jason Fang, Founder and Managing Accomplice at Sora Ventures. “Sora Ventures stands agency within the conviction that probably the most precious digital artifacts will discover their house on Bitcoin. Main the spherical for Metagood is not only a possibility however a testomony to our unwavering perception within the Ordinals house.”
The infusion of capital will bolster the corporate’s efforts in forging partnerships with artists, advancing product enhancements on Osura, and increasing its engineering and advertising crew to fulfill burgeoning shopper and person development.
“With this new funding, Metagood is poised to raise the Osura market to new heights, additional solidifying our standing as an trade chief in premium digital artifacts,” mentioned Amanda Terry, Chief Working Officer of Metagood. “As we navigate the thrilling panorama main as much as the Bitcoin halving in April 2024, we imagine the timing is impeccable for rising our crew and advancing our dedication to innovation on Bitcoin.”
Metagood has a dynamic founding crew with intensive expertise constructing on each Bitcoin and Ethereum. CEO Danny Yang, a crypto trade veteran, beforehand based Maicoin, Taiwan’s largest crypto change working since 2013, and Blockseer, a blockchain analytics enterprise utilized by clients together with the FBI, US Secret Service, and the DHS bought in 2018. COO Amanda Terry, with a background in enterprise improvement at Twitter and 5 profitable startup acquisitions, brings invaluable experience to the crew as a digital media operator and startup investor. Chairman Invoice Tai, a crypto pioneer since 2010, has a formidable observe file as the primary investor in Zoom and seed investor in Canva, Dapper Labs, and 23 publicly traded corporations.
Metagood launched the modern 10,000 digital artwork assortment OnChainMonkey (OCM) in a single Ethereum transaction in September 2021. In 2023, OnChainMonkey made historical past on Bitcoin with their pioneering inscriptions. Metagood helped advance the Ordinals protocol and continued to trailblaze with the Ordinal collections of OCM Dimensions and OCM Genesis on Bitcoin. Each collections demonstrated new modern artwork on Bitcoin and so they inscribed code libraries on Bitcoin (p5.js, Three.js) that use recursive inscriptions, a brand new kind of modular programming enabled on Bitcoin, which saves on Bitcoin charges for different creators to additionally use.
Osura, Metagood’s NFT Market, stands out as a premium Ordinals platform for artwork on Bitcoin. With a dedication to curating the best digital artifacts, Osura debuted with two distinctive Bitcoin Ordinals NFT collections: OnChainMonkey (OCM) Dimensions 300 and the Asprey Bugatti Egg Assortment. Metagood labored carefully with iconic luxurious manufacturers Asprey Studio and Bugatti to create their first generative artwork assortment on Bitcoin. Within the new 12 months, Metagood has an thrilling lineup for artists launching on Osura in 2024 together with Alexis André who created “Friendship Bracelets,” one of the common collections on Artblocks for his or her first collections on Bitcoin.
Metagood’s $10 million in financing to this point features a who’s who in crypto, artwork, finance together with Marcos Bernat (Casa Batlló), Sebastien Borget (The Sandbox), Holly Branson (Virgin Unite), Dingaling (NFT Collector), Gabby Dizon (YGG), Roham Gharegozlou (Dapper Labs), Woody Harrelson, Casper Johansen (Spartan Group), Bobby Lee (BTCC), Charlie Lee (Litecoin), Apolo Ohno (Tribe Capital), Yat Siu (Animoca Manufacturers), Matthew Tan (Etherscan), Stacy Warden (Algorand), Owen Wilson, Mark Yusko (Morgan Creek Capital), and lots of others. A partial checklist of buyers will be discovered on the Metagood web site at https://www.metagood.com/about-us.
Metagood is a pioneering blockchain know-how and digital belongings firm that units a brand new normal for innovation within the crypto trade. With a deal with seamlessly mixing know-how, artwork, and group, Metagood is driving developments in blockchain know-how, notably on Bitcoin, by way of initiatives akin to their OnChainMonkey NFTs and the curated Osura market for artwork on Bitcoin.
Via its modern NFT assortment OnChainMonkey, Metagood has created worth and contributed to essential causes, akin to funding the profitable evacuation of Sharbat Gula (generally known as “Afghan Woman” from the long-lasting 1984 Nationwide Geographic cowl) and her household from Afghanistan, donating to humanitarian support in Ukraine, Coral Reef conservation, and extra. Metagood was acknowledged in Quick Firm’s 2022 Finest World Altering Concepts Awards for Influence Investing.