Trac Systems, a German company and the parent company of Tap Protocol, has just concluded a successful fundraising round, securing $4.2 million. The leading investor in this round was Sora Ventures.
The primary goal of this funding is to enhance Bitcoin’s capabilities as a developer platform by leveraging the Ordinals system.
Cypher Capital, Rw3, Oak Grove Capital, Petrock Capital, Kosmos Ventures, New Tribe Capital, Cogitent Ventures, Compute Ventures, and MSA Novo also participated in the funding round.
Benny the Dev, who serves as the CEO of Trac Systems, expressed confidence in the company’s future endeavors, stating that with successful fundraising, Trac Systems is well-positioned to expand its development on the Bitcoin platform.
According to the company’s statement, Ordinals, powered by Tap Protocol, have already enabled various applications. These include the ability to fractionalize art on the Ordinals platform and the integration of token functions for gaming applications.