Institutional investors are courageously treading new ground, boldly stepping into the world of Bitcoin Ordinals as the introduction of the protocol’s inaugural managed fund ‘Unbroken Chain’ went live to raise $5 million.
Spearheaded by Consolidated Trading’s L.Asher Corson, the liquid trading treasury has garnered significant support from the creator of the BRC-20 token standard, Domo; Ordinals’ former communications director, Isabel Foxen Duke, and BTC Inc.’s UTXO Management.
Already, contributions have hit more than $1.5 million, bolstered by the acquirement of Bitcoin Rock, obtained on September 20 for a weighty $85,000 (3 BTC).
The Unbroken Chain fund boldly asserts itself as the groundbreaking managed fund actively engaged in trading inscriptions and Ordinals, which encloses BRC-20 tokens, similar to ERC-2O tokens on the Ethereum network.
Investments encompass a wide range of assets: Bitcoin-native tokens, unique satoshis, and distinguished inscriptions. Now operating under Unbroken Chain’s banner, these collectibles are at the forefront of the liquid trading fund, bringing sizeable capital into the Ordinals ecosystem.
Not only does this groundbreaking initiative boost institutional investments in Bitcoin-based NFTs, but it also underscores what is achievable within the boundless boundaries of the blockchain-based landscape.
Want more? Connect with NFT Plazas
Join the Weekly Newsletter
Follow us on Twitter
Like us on Facebook
Follow us on Instagram
*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
Digital art fanatic who brings a unique perspective to NFT news.
Today, Animoca Brands' subsidiary, Blowfish Studios, released its thrilling, free-to-play mecha combat game, 'Phantom Galaxies', on…
Disney and Dapper Labs — the masterminds behind NBA Top Shot and NFL All Day — have unveiled teaming…
Animoca Brands recently became a node validator on the Chiliz Chain to bolster the blockchain…
The 'Decentraland Music Festival 2023' (DCLMF23) lineup has finally just been unveiled, and it's brimming…
Welcome to Metaverse Market Analysis! Every Monday, we bring you the latest stats and data…
Degen Distillery — a London-based innovative spirits brand — is brewing an intriguing NFT project…
This website uses cookies.