Metagood, a prominent blockchain and digital assets company, has successfully secured $5 million in series seed funding. The focus of this funding is to advance the development of its Osura marketplace, specifically tailored for art within the Bitcoin ecosystem. This blog post explores the key details surrounding this funding announcement and its implications for the burgeoning digital art space.
Metagood, based in Redmond, Washington, is a trailblazing company in the blockchain and digital assets realm. Led by CEO Danny Yang, a veteran in the crypto industry, and with a dynamic founding team boasting extensive experience in both Bitcoin and Ethereum, Metagood has consistently pushed the boundaries of innovation.
Notable figures in the team include COO Amanda Terry, with a background in business development at Twitter, and Chairman Bill Tai, a crypto pioneer with an impressive track record as an early investor in Zoom and other successful ventures.
The Funding Landscape
The $5 million series seed funding round was spearheaded by Sora Ventures, with participation from key investors such as ACTAI Ventures, Bitcoin Frontier Fund, UTXO Management, London Real Ventures, and Peach.xyz.
This funding is part of Metagood’s larger financing endeavor of $10 million, marking a significant milestone in the company’s mission to redefine industry standards by merging technology, art, and community engagement in the Bitcoin digital asset marketplace.
Osura and the Ordinals Protocol
Osura, Metagood’s NFT Marketplace, is at the forefront of the company’s initiatives, serving as a premium Ordinals platform for art on Bitcoin. The Ordinals protocol, just a year old, has opened up new avenues for storing and securing high-value assets on the Bitcoin blockchain. Metagood is building the infrastructure for launching and trading assets developed on the Ordinals protocol, starting with art on Bitcoin.
About the Company’s Vision
Metagood’s vision goes beyond merely creating a marketplace; it aims to usher in a new era of digital ownership by seamlessly transacting real-world assets on the blockchain. The company’s commitment to innovation is evident in its collaboration with artists to immortalize their creations on Bitcoin, a blockchain known for unparalleled security and longevity.
As Metagood propels Osura to new heights with the infusion of $5 million in funding, the company is poised to solidify its standing as an industry leader in premium digital artifacts. With a focus on advancing technology, enhancing product offerings, and expanding its team, Metagood is well-positioned to navigate the exciting landscape leading up to the Bitcoin halving in April 2024.
How does the Ordinals protocol contribute to the development of the Osura marketplace?
The Ordinals protocol, only a year old, plays a crucial role in storing and securing high-value assets on the Bitcoin blockchain. It forms the foundation for Osura’s infrastructure, enabling the launch and trade of assets developed on the Ordinals protocol, starting with art on Bitcoin.
Who are some of the key investors in Metagood’s series seed funding round?
Sora Ventures spearheaded the series seed funding round, with participation from notable investors such as ACTAI Ventures, Bitcoin Frontier Fund, UTXO Management, London Real Ventures, and Peach.xyz.
How does Metagood differentiate itself in the digital assets marketplace?
Metagood sets itself apart by seamlessly blending technology, art, and community engagement. The company’s commitment to innovation, as seen in its collaboration with artists and the development of the Ordinals protocol, positions it as a pioneering force in the crypto industry.