Ordinals-based Tap Protocol Raises $4.2M to Advance Bitcoin Adoption

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Cointime2023/12/18 10:41

By:Cointime

Tap Protocol, a blockchain startup under Trac Systems, has raised $4.2 million in a funding round led by Sora Ventures. The capital raised will be used to further develop the company's initiatives, particularly in the Bitcoin ecosystem. Tap Protocol focuses on leveraging the capabilities of the Bitcoin blockchain through the Ordinals system, and the funding will be instrumental in fostering innovation and contributing to the broader ecosystem of applications built on the Bitcoin blockchain. The company aims to refine its infrastructure, enhance user experience, and explore novel applications within the Bitcoin ecosystem, including tokenization, gamification, and Decentralized Finance (DeFi).

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