Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»BRC20.com raises $1.5 million to provide infrastructure for Bitcoin tokens
TRADING NEWS

BRC20.com raises $1.5 million to provide infrastructure for Bitcoin tokens

By Crypto FlexsDecember 28, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BRC20.com raises .5 million to provide infrastructure for Bitcoin tokens
Share
Facebook Twitter LinkedIn Pinterest Email

Newly launched Bitcoin token platform BRC20.com has raised $1.5 million in funding led by UTXO Management, the asset management arm of BTC Inc., the parent company of Bitcoin Magazine.

The round included support from Zanshin Capital Management, Unbroken Chain, One Block Capital, Sora Ventures, OWL Ventures, Bitcoin Frontier Fund, Hamble, and New Tribe Capital.

The investment comes at a time of growing interest in the BRC-20 token standard, created in March 2023 to facilitate the creation and transfer of fungible tokens on Bitcoin via the Ordinals protocol.

“Today’s news marks BRC20 as it announces some of the most active and strategic investors across the Bitcoin and Web3 ecosystems joining our mission to build the most user-friendly and comprehensive platform for discovering and interacting with BRC. It’s an important milestone in your .com journey. -20 tokens and other Bitcoin-based assets,” the company said in a statement to Bitcoin Magazine.

The protocol has been criticized by the Bitcoin development community for inefficient use of the Bitcoin protocol and how the protocol has contributed to increasing the size of the Bitcoin UTXO set, an important indicator of Bitcoin’s scalability and decentralization. It received criticism from some.

However, considering the recent increase in the market capitalization of Bitcoin tokens such as SATS and ORDI, which have been listed on exchanges such as Binance and OKX and are each worth more than $1 billion, this investment is noteworthy.

BRC20.com is best known for providing a CoinMarketCap-style dashboard for Bitcoin tokens, but it plans to launch a mobile app that will allow users to connect, trade and stake BRC-20 tokens from their phones. The company also plans to launch a decentralized relay network for new DeFi protocols based on the .COM token.

Bitcoin Magazine is wholly owned by BTC Inc., which also operates UTXO Management, a regulated capital allocator focused on the digital asset industry. UTXO invests in various Bitcoin businesses and holds significant holdings in the digital asset. Bitcoin Magazine does not endorse any token of Bitcoin, including but not limited to BRC-20 tokens.

Source: Bitcoin Magazine

Cryptocurrency Investment Risk Warning

Cryptocurrency assets are highly volatile. Your capital is at risk.
Do not invest unless you are prepared to lose all your money.
This is a high-risk investment and you should not expect to be protected if something goes wrong.

Read full disclaimer

like this:

good night Loading…

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The BTC price is withdrawn at almost $ 123K height. XRP approaches the highest resistance ever at $ 3.00.

July 15, 2025

HBAR prices overtake Bitcoin cash after a 4 -month high and 27% rise.

July 14, 2025

Encryption responded to US-Vietnamese trade transactions. BTC wiped $ 110K

July 13, 2025
Add A Comment

Comments are closed.

Recent Posts

Global Cryptocurrency Investors Flock To DNSBTC After Bitcoin Surges

July 15, 2025

The BTC price is withdrawn at almost $ 123K height. XRP approaches the highest resistance ever at $ 3.00.

July 15, 2025

Easily Invest In DL Mining Cloud Mining And Earn $6,000 In Passive Income Every Day

July 15, 2025

Crypto Company is a bank license in the US during Ripple, Circle and Bito Target

July 14, 2025

HeraldEX Defines The Future With Its One-Stop Crypto Platform For Businesses

July 14, 2025

BSGM Engages CXG To Acquire FINRA/SEC-Registered Broker-Dealer To Expand Publicly Traded RWA Tokenization Operations

July 14, 2025

Tornado cash Roman storms insist on Doj Botched Key Telegram evidence.

July 14, 2025

HBAR prices overtake Bitcoin cash after a 4 -month high and 27% rise.

July 14, 2025

Algorand (Algo) Get momentum in the launch and technical growth.

July 14, 2025

Floki Eyes 120% Rally Valhalla launches $ 10K prizes after explosive weekly growth

July 13, 2025

Crypto Digital Marketing Agency to Elevate Your Project

July 13, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Global Cryptocurrency Investors Flock To DNSBTC After Bitcoin Surges

July 15, 2025

The BTC price is withdrawn at almost $ 123K height. XRP approaches the highest resistance ever at $ 3.00.

July 15, 2025

Easily Invest In DL Mining Cloud Mining And Earn $6,000 In Passive Income Every Day

July 15, 2025
Most Popular

According to the Governance Proposal, around Liberty Financial USD1 Stablecoins AirDrop USD1 Stablecoins

April 10, 2025

Virginia man indicted for using cryptocurrency to fund ISIS

December 17, 2024

Binance Moves 200 Million XRP Tokens: What is Cooking?

February 14, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.