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The Runes protocol, a new initiative for Bitcoin-based tokens, has garnered significant attention with its upcoming launch coinciding with the Bitcoin halving block. Ordinals Explorer, a key player in the space, has successfully raised $2 million in a pre-seed funding round co-led by Bitcoin Frontier Fund and Sora Ventures, aimed at expanding its platform to include Runes. This funding follows the complete minting of Runevo, which raised 17.5 BTC, approximately $1.1 million. The protocol promises a dynamic market with multiple projects and tokens launching, and an expected increase in Bitcoin's mempool activity, especially when Bitcoin fees are high.
Rune #0 is UNCOMMON•GOODS. And Rune #1 is open to anyone in less than two days!! The Bitcoin halving block and following Runes mints are going to be 🤯. The market will have a new appreciation for Ordinal inscriptions and 10k collections when Bitcoin fees are high.
BREAKING: The only hardcoded Rune will be UNCOMMON•GOODS and Runes 1-9 are now open for anyone to etch
Absolutely psyched to be announcing our investment in @ord_io. On their quest to provide crucial infrastructure to the most important innovations on Bitcoin L1, ordinals & runes. Backing @LeonidasNFT & @zachmeyer_ was the easiest check I wrote this year. Congrats 🫡 https://t.co/oAE8p9euiT
