Metagood Secures $5 Million To Propel Osura Marketplace for Bitcoin Art

chainwire

Spearheaded by Sora Ventures, the series seed round saw participation from key investors including ACTAI Ventures, Bitcoin Frontier Fund, UTXO Management, London Real Ventures, and Peach.xyz, among others.

Metagood, a blockchain technology and digital assets company, announced the successful completion of a $5 million series seed funding round aimed at advancing its Osura marketplace, focused on art within the Bitcoin ecosystem.

“Osura is embarking on a groundbreaking collaboration with artists to immortalize their creations on Bitcoin, the blockchain synonymous with unparalleled security and longevity,” said Danny Yang, CEO of Metagood. “I’ve been building on Bitcoin for over a decade and couldn’t be more excited about the possibilities that lie ahead for us on the Ordinals protocol which is simple, elegant and powerful.”

The Ordinals protocol, which is only a year old, has unlocked an important market for storing and securing high-value assets on the Bitcoin blockchain. Osura is building the infrastructure for launching and trading assets developed on the Ordinals protocol, starting with art on Bitcoin.

“Embracing art on Bitcoin marks a stride into digital ownership, paving the way for real-world assets to seamlessly transact on the blockchain,” remarked Bill Tai, legendary venture capitalist and Metagood Chairman. “As witnessed in other chains with the advent of non-fungible tokens (NFTs,) we anticipate Bitcoin’s journey toward parallel explosive growth and are already seeing Bitcoin surpass other chains in recent NFT trading volumes.”

This funding milestone, part of Metagood’s larger financing endeavor of $10 million, marks a new era in propelling the development of more technology and product innovations within Osura. Metagood aims to redefine industry standards by merging technology, art, and community engagement in the Bitcoin digital asset marketplace.

“Metagood is setting the gold standard for technical innovation in the Ordinals market,” stated Jason Fang, Founder and Managing Partner at Sora Ventures. “Sora Ventures stands firm in the conviction that the most valuable digital artifacts will find their home on Bitcoin. Leading the round for Metagood is not just an opportunity but a testament to our unwavering belief in the Ordinals space.”

The infusion of capital will bolster the company’s efforts in forging partnerships with artists, advancing product enhancements on Osura, and expanding its engineering and marketing team to meet burgeoning client and user growth.

“With this new funding, Metagood is poised to elevate the Osura marketplace to new heights, further solidifying our standing as an industry leader in premium digital artifacts,” said Amanda Terry, Chief Operating Officer of Metagood. “As we navigate the exciting landscape leading up to the Bitcoin halving in April 2024, we believe the timing is impeccable for growing our team and advancing our commitment to innovation on Bitcoin.”

Metagood has a dynamic founding team with extensive experience building on both Bitcoin and Ethereum. CEO Danny Yang, a crypto industry veteran, previously founded Maicoin, Taiwan’s largest crypto exchange operating since 2013, and Blockseer, a blockchain analytics business used by customers including the FBI, US Secret Service, and the DHS sold in 2018. COO Amanda Terry, with a background in business development at Twitter and five successful startup acquisitions, brings invaluable expertise to the team as a digital media operator and startup investor. Chairman Bill Tai, a crypto pioneer since 2010, has an impressive track record as the first investor in Zoom and seed investor in Canva, Dapper Labs, and 23 publicly traded companies.

Metagood launched the innovative 10,000 digital art collection OnChainMonkey (OCM) in a single Ethereum transaction in September 2021. In 2023, OnChainMonkey made history on Bitcoin with their pioneering inscriptions. Metagood helped advance the Ordinals protocol and continued to trailblaze with the Ordinal collections of OCM Dimensions and OCM Genesis on Bitcoin. Both collections demonstrated new innovative art on Bitcoin and they inscribed code libraries on Bitcoin (p5.js, Three.js) that use recursive inscriptions, a new type of modular programming enabled on Bitcoin, which saves on Bitcoin fees for other creators to also use.

Osura, Metagood’s NFT Marketplace, stands out as a premium Ordinals platform for art on Bitcoin. With a commitment to curating the finest digital artifacts, Osura debuted with two exceptional Bitcoin Ordinals NFT collections: OnChainMonkey (OCM) Dimensions 300 and the Asprey Bugatti Egg Collection. Metagood worked closely with iconic luxury brands Asprey Studio and Bugatti to create their first generative art collection on Bitcoin. In the new year, Metagood has an exciting lineup for artists launching on Osura in 2024 including Alexis André who created “Friendship Bracelets,” one of the most popular collections on Artblocks for their first collections on Bitcoin.

Metagood’s $10 million in financing to date includes a who’s who in crypto, art, finance including Marcos Bernat (Casa Batlló), Sebastien Borget (The Sandbox), Holly Branson (Virgin Unite), Dingaling (NFT Collector), Gabby Dizon (YGG), Roham Gharegozlou (Dapper Labs), Woody Harrelson, Casper Johansen (Spartan Group), Bobby Lee (BTCC), Charlie Lee (Litecoin), Apolo Ohno (Tribe Capital), Yat Siu (Animoca Brands), Matthew Tan (Etherscan), Stacy Warden (Algorand), Owen Wilson, Mark Yusko (Morgan Creek Capital), and many others. A partial list of investors can be found on the Metagood website at https://www.metagood.com/about-us.

About Metagood:

Metagood is a pioneering blockchain technology and digital assets company that sets a new standard for innovation in the crypto industry. With a focus on seamlessly blending technology, art, and community, Metagood is driving advancements in blockchain technology, particularly on Bitcoin, through initiatives such as their OnChainMonkey NFTs and the curated Osura marketplace for art on Bitcoin.

Through its innovative NFT collection OnChainMonkey, Metagood has created value and contributed to important causes, such as funding the successful evacuation of Sharbat Gula (known as “Afghan Girl” from the iconic 1984 National Geographic cover) and her family from Afghanistan, donating to humanitarian aid in Ukraine, Coral Reef conservation, and more. Metagood was recognized in Fast Company’s 2022 Best World Changing Ideas Awards for Impact Investing.

The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.

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