Bitcoin Ordinals-based development platform Tap Protocol has raised over $4 million in an oversubscribed round, promising more “big” news to come. The round was led by Sora Ventures. It also included angel investments from executives at Animoca Brands and Quantstamp. German-based company Trac Systems is the parent company of Tap Protocol. It stated it would utilize the raised money to develop Bitcoin capabilities as a developer platform leveraging the Ordinals system. The plans reach into decentralized finance (DeFi), tokenization, and gamification. The company also aims to expand its operations and hire skilled developers to advance the protocol.
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