TechFlow reports that Tap Protocol has raised $4.2 million for innovation and expansion in Bitcoin OrdFi. The funding round was led by Sora Ventures, with participation from Cypher Capital, Rw3, Oak Grove Capital, Petrock Capital, Kosmos Ventures, New Tribe Capital, Cogitent Ventures, Compute Ventures, and MSA Novo.
Trac Systems, the German company behind Tap Protocol, is preparing to scale its operations and hire skilled developers to advance its Bitcoin-based ordinal protocol. It has been a key player on the Bitcoin network, offering a range of functionalities including fractionalization of Ordinals art and enabling decentralized finance applications on Ordinals. Tap Protocol is designed to support various gaming applications and features token redemption and multi-send capabilities.
