Summary
TLDR: Ord.io raises $2 million in funding to hire more developers for the launch of the Runes protocol alongside the Bitcoin halving. The platform allows users to discover, upvote, and comment on Ordinal inscriptions. Runes aims to power fungible tokens on the Bitcoin blockchain and is expected to become the dominant token protocol on Bitcoin. The company plans to continue building on Bitcoin and enhance user experience.
Key Points
1. Ord.io raised $2 million in funding to hire more developers for the upcoming Runes protocol launch alongside the Bitcoin halving.
2. Over 65 million inscriptions have been made on the Bitcoin blockchain since the launch of the Ordinals protocol in January 2023.
3. The Runes protocol, set to debut alongside the Bitcoin halving, aims to be a more efficient way to mint fungible tokens on Bitcoin compared to the previous BRC-20 standard.