Bitcoin

Bitcoin Frontier Fund Debuts Revolutionary Ordinals Accelerator

1 Mins read


The Bitcoin Frontier Fund is introducing a groundbreaking accelerator program dedicated to companies in the Ordinals ecosystem, per a press release sent to Bitcoin Magazine.

Each selected Ordinals venture will receive a $100,000 seed investment, signifying a strategic shift toward Bitcoin’s technical enhancement.

The fund raised $6.95 million to support Bitcoin-focused companies — with a growing focus on Ordinals infrastructure firms such as Gamma, Xverse and lending platform Liquidium.

“Ordinals is what we’ve been waiting for,” lead investor Trevor Owens highlighted. “You always want to build as close to native Bitcoin as you can, and Casey [Rodarmor] has changed the game there.”

The Ordinals protocol introduces a novel approach to numbering satoshis — the smallest units of bitcoin — allowing arbitrary data to be inscribed to “ordinal” sats, owned and transferred.

BTC Inc. CEO David Bailey praised Ordinals for unlocking “a whole new wave of technical advancement on Bitcoin that was previously deemed impossible.”

Despite recent NFT market fluctuations, investments in Ordinals infrastructure are rising. Notably, Xverse wallet recently secured a $5 million funding round led by Jump Capital, with participation from BTC Inc.’s 2140 fund and financial heavyweight Franklin Templeton.

Applications for the Ordinals accelerator are now open via the Bitcoin Frontier Fund’s website. The fund aims to finalize its next Ordinals investments by Q4 2023, charting a transformative path for Bitcoin’s future through the Ordinals protocol.


Source link

Related posts
Bitcoin

Ethereum Price Recovers As This Solana L2 Token ICO Hits $10M

2 Mins read
Join Our Telegram channel to stay up to date on breaking news coverage The Ethereum price surged 2.7% in the last 24…
Bitcoin

Is There a US Dollar Crisis at The Fed: Bitcoin in 2025 is Just Getting Started

2 Mins read
The crypto market and US dollar have been anything but stable since Donald Trump took the White House. His pro-crypto rhetoric and…
Bitcoin

Bitcoin Shrimps Back To Buying: Supply Share Hits 6.9%

2 Mins read
On-chain data shows the Bitcoin Shrimps have been back to accumulation recently as their share of the total supply has risen to…

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *