Metagood Secures $5 Million to Drive Osura Marketplace for Bitcoin Art
Metagood, a blockchain technology and digital asset company, announced that it has successfully completed a $5 million series seed funding round aimed at developing the art-focused Osura marketplace within the Bitcoin ecosystem, according to a press release sent to Bitcoin Magazine.
“Osura is launching groundbreaking collaborations with artists to immortalize their creations on Bitcoin, a blockchain synonymous with unparalleled security and longevity,” said Danny Yang, CEO of Metagood. “I’ve been building on Bitcoin for over a decade, but I couldn’t be more excited about the possibilities ahead of us with the simple, elegant, and powerful Ordinals protocol.”
Led by Sora Ventures, the series seed round saw participation from leading investors including ACTAI Ventures, Bitcoin Frontier Fund, UTXO Management, London Real Ventures, Peach.xyz, and others.
This funding milestone, part of Metagood’s larger $10 million fundraising effort, marks a new era within Osura that will fuel the development of more technology and product innovations. Metagood aims to redefine industry standards by integrating technology, art, and community engagement in the Bitcoin digital asset market.
“Metagood is setting the standard for technological innovation and leading the Ordinals market,” said Jason Fang, founder and managing partner of Sora Ventures. “Sora Ventures remains steadfast in our belief that the most valuable digital artifacts will reside in Bitcoin. Leading the way on Metagood is not just an opportunity, but a testament to our unwavering belief in the Ordinals space.”
The capital injection will strengthen the company’s efforts to build partnerships with artists, advance Osura’s technology enhancements, and expand its engineering and marketing talent pool to accommodate customer and user growth.
“With this new funding, Metagood will take the Osura market to new heights, further solidifying our position as an industry leader in premium digital artifacts,” said Amanda Terry, Metagood’s Chief Operating Officer. “As we navigate the exciting circumstances 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: BTC Inc., the parent company of UTXO Management, is also the parent company of Bitcoin Magazine.
