A $5 million series seed investment round successfully completed by Metagood, a blockchain technology and digital assets firm, aims to advance its Osura marketplace, which focuses on art within the Bitcoin ecosystem.
Leading investors in the series seed round, led by Sora Ventures, included Peach.xyz, UTXO Management, ACTAI Ventures, Bitcoin Frontier Fund, and London Real Ventures.
Just a year old, the Ordinals protocol has opened up a sizable market for high-value asset storage and security on the Bitcoin network. Starting with art on Bitcoin, Osura is developing the infrastructure needed to launch and trade assets created on the Ordinals network.
This fundraising achievement, which is a part of Metagood’s wider $10 million financing initiative, ushers in a new age for Osura’s continued development of innovative products and technologies. By fusing technology, art, and community involvement in the Bitcoin digital asset sector, Metagood seeks to transform industry norms.
To address rapidly increasing client and user demand, the firm will use the infusion of funds to support its efforts in forming collaborations with artists, advancing Osura product upgrades, and growing its technical and marketing team.
The founding team of Metagood is dynamic and has built on Ethereum and Bitcoin extensively. Veteran of the cryptocurrency market Danny Yang launched both Maicoin, the largest cryptocurrency exchange in Taiwan that has been in operation since 2013, and Blockseer, a blockchain analytics company that was acquired by the DHS, FBI, and US Secret Service in 2018. Amanda Terry, the team’s COO, has essential experience as a digital media operator and startup investor. She has five successful startup acquisitions under her belt and worked in business development at Twitter. Chairman Bill Tai, a pioneer in the cryptocurrency space since 2010, has a stellar history. He was the first to invest in Zoom and a seed investor in 23 publicly traded businesses, Canva, and Dapper Labs.
September 2021 saw Metagood introduce the ground-breaking 10,000 digital art collection OnChainMonkey (OCM) in a single Ethereum transaction. With their innovative writings on Bitcoin, OnChainMonkey created history in 2023. With the launch of the Ordinal collections of OCM Dimensions and OCM Genesis on Bitcoin, Metagood proceeded to pave the way for the advancement of the Ordinals protocol. Both collections included cutting-edge, newly created artwork on Bitcoin, and they incorporated code libraries (p5.js, Three.js) that employ recursive inscriptions—a novel kind of modular programming possible on Bitcoin—to reduce Bitcoin fees and make them available to other authors.
One notable example of a premium Ordinals platform for Bitcoin art is Osura, Metagood’s NFT Marketplace. Osura made its debut with two outstanding Bitcoin Ordinals NFT collections, the Asprey Bugatti Egg Collection and OnChainMonkey (OCM) Dimensions 300, demonstrating their dedication to selecting only the best digital artifacts. Metagood collaborated together with renowned luxury brands Bugatti and Asprey Studio to develop their first Bitcoin-based generative art collection. Alexis André, the creator of “Friendship Bracelets,” one of the most well-liked collections on Artblocks, is among the talented artists that Metagood has on board for their 2024 Osura debut.
A who’s who of cryptocurrency, art, and finance has contributed $10 million to Metagood’s financing to date: Woody Harrelson, Casper Johansen (Spartan Group), Apolo Ohno (Tribe Capital), Yat Siu (Animoca Brands), Matthew Tan (Etherscan), Owen Wilson, Mark Yusko (Morgan Creek Capital), Roham Gharegozlou (Dapper Labs), Dingaling (NFT Collector), Gabby Dizon (YGG), Woody Harrelson, Bobby Lee (BTCC), Charlie Lee (Litecoin), Apolo Ohno (Tribe Capital), Yat Siu (Animoca Brands), Yat Siu (Animoca Brands), Owen Wilson, Mark Yusko (Morgan Creek Capital), and many others. The Metagood website at https://www.metagood.com/about-us has a partial list of investors.