The Bitcoin Ordinals browser Ord.io announced the completion of a $2 million pre-seed funding round, led by Bitcoin Frontier Fund and Sora Ventures

ChainCatcher news, according to The Block, the Bitcoin Ordinals browser Ord.io has announced the completion of a $2 million Pre-seed funding round, led by Bitcoin Frontier Fund and Sora Ventures, with participation from Eden Block, Arca, Longhash Ventures, Daxos Capital, Portal Ventures, UTXO Management, Rubik Ventures, VitalTao Capital, Antalpha Ventures, Kommune Fund, Edessa Capital, PetRock Capital, PG Capital, Shake and Bake Productions, Re7 Capital, and Balaji Fund.

It is reported that the new funds will be used to help expand the platform and support Runes. The platform allows users to search, browse, and interact with Ordinals inscriptions on the Bitcoin blockchain, and plans to use the new funding to expand support for the upcoming Runes protocol, which is a new alternative token standard for Bitcoin launching at the time of the halving.