Posted: December 18, 2023 12:12 PM Updated: December 18, 2023 12:12 PM
Redmond, Washington, USA, December 18, 2023, Chainwire
Metagood, a blockchain technology and digital asset company, announced the successful completion of a $5 million series seed funding round to advance its art-focused Osura marketplace within the Bitcoin ecosystem.
“Osura is launching groundbreaking collaborations with artists to immortalize their creations on Bitcoin, a blockchain that symbolizes unparalleled security and longevity,” said Danny Yang, CEO of Metagood. “I’ve been building on Bitcoin for over a decade, and I couldn’t be more excited about the possibilities ahead of us in 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.
The Ordinals protocol, which is only a year old, has opened a significant market for storing and securing high-value assets on the Bitcoin blockchain. Osura is building the infrastructure to launch and trade assets developed on the Ordinals protocol, starting with the art of Bitcoin.
“Embracing art in Bitcoin marks a step forward toward digital ownership and paves the way for real-world assets to be seamlessly traded on the blockchain,” said Bill Tai, legendary venture capitalist and Chairman of Metagood. “As witnessed on other chains with the emergence of non-fungible tokens (NFTs), we expect Bitcoin to simultaneously journey towards explosive growth, and we are already seeing Bitcoin outperform other chains in recent NFT trading volume. .”
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 in the Ordinals market,” said Jason Fang, founder and managing partner of Sora Ventures. “Sora Ventures remains firm in its belief that the most valuable digital artifacts will reside in Bitcoin. Leading Metagood’s round is not just an opportunity, but a testament to our firm belief in the Ordinals space.”
The capital injection will further strengthen the company’s efforts to meet rapid customer and user growth by building partnerships with artists, improving Osura’s products, and expanding its engineering and marketing teams.
“With this new financing, Metagood is poised to take the Osura market to new heights, further solidifying our position as an industry leader in premium digital artifacts,” said Amanda Terry, Chief Operating Officer of Metagood. . “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.”
Metagood has a dynamic founding team with extensive building experience for both Bitcoin and Ethereum. CEO Danny Yang, a cryptocurrency industry veteran, founded Maicoin, Taiwan’s largest cryptocurrency exchange, which has been in operation since 2013, and Blockseer, a blockchain analysis business used by clients including the FBI, U.S. Secret Service, and DHS, which was sold in 2018. COO Amanda Terry, brings invaluable expertise to her team as a digital media operator and startup investor, drawing on her business development background at Twitter and five successful startup acquisitions. A cryptocurrency pioneer since 2010, Chairman Bill Tai has an impressive track record as the first investor in Zoom and a seed investor in Canva, Dapper Labs, and 23 publicly traded companies.
Metagood launched its groundbreaking 10,000-piece digital art collection OnChainMonkey (OCM) with a single Ethereum transaction in September 2021. In 2023, OnChainMonkey made history in Bitcoin with its pioneering epitaph. Metagood helped advance the Ordinals protocol and continues to play a pioneering role with Bitcoin’s OCM Dimensions and the Ordinal collection on OCM Genesis. Both collections demonstrated new innovative art for Bitcoin and inscribed code libraries on Bitcoin (p5.js, Three.js) that use recursive inscriptions, a new type of modular programming enabled in Bitcoin. This saves Bitcoin fees for other creators to use as well. .
Osura, Metagood’s NFT marketplace, stands out as a premium Ordinals platform for Bitcoin art. With a commitment to curating the best digital artifacts, Osura has debuted two outstanding Bitcoin Ordinals NFT collections: the OnChainMonkey (OCM) Dimensions 300 and the Asprey Bugatti Egg Collection. Metagood worked closely with iconic luxury brands Asprey Studio and Bugatti to create the first generative art collection powered by Bitcoin. In the new year, Metagood has an exciting lineup of artists coming to Osura in 2024, including Alexis André, who created one of the most popular collections on Artblocks, “Friendship Bracelet,” for Bitcoin’s first collection.
Metagood’s $10 million funding to date includes investors in the cryptocurrency, art, and finance sectors, including Marcos Bernat (Casa Batlló), Sebastien Borget (The Sandbox), Holly Branson (Virgin Unite), Dingaling (NFT Collector), and Gabby Dizon (YGG). Includes characters. , Roham Gharegozlou (Dapper Labs), Woody Harrelson, Casper Johansen (Spartan Group), Bobby Lee (BTCC), Charlie Lee (Litecoin), Apolo Ohno (Tribe Capital), Yat Siu (Animoca Brands), Matthew Tan (Etherscan), Stacy Warden (Algorand), Owen Wilson, Mark Yusko (Morgan Creek Capital) and many others. A list of select investors can be found on Metagood’s website at https://www.metagood.com/about-us.
About Metagood:
Metagood is a pioneering blockchain technology and digital asset company setting new standards in cryptocurrency industry innovation. With a focus on seamlessly blending technology, art, and community, Metagood is driving the advancement of blockchain technology, especially in Bitcoin, through initiatives such as OnChainMonkey NFTs and the curated Osura marketplace for Bitcoin art.
Through its innovative NFT collection OnChainMonkey, Metagood is creating value and helping important people, including the successful evacuation of Sharbat Gula (known as the “Afghan Girl”, the iconic figure on the cover of National Geographic in 1984) and her family from Afghanistan and donations to humanitarian organizations. contributed to the cause. Ukraine, support for coral reef conservation, etc. Metagood was recognized in Fast Company’s 2022 Best World Changing Ideas Award for Impact Investing.
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Chainwire is a leading blockchain and cryptocurrency news provider distributing press releases and maximizing cryptocurrency news coverage.