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Raising $4.2 million, Ordinals-based Tap Protocol aims to advance on Bitcoin development

Raising $4.2 million, Ordinals-based Tap Protocol aims to advance on Bitcoin development

Trac Systems Raises Funds to Develop on Bitcoin’s Developer Platform

Trac Systems, a blockchain company, has successfully closed its fundraising round and is now in a strong position to develop on top of Bitcoin. The CEO of Trac Systems, Benny the Dev, expressed excitement about utilizing Bitcoin as a platform for tokenization, gamification, and DeFi.

Tap Protocol Expands Applications on Ordinals

Tap Protocol, a company operating in the Bitcoin Ordinals space, has already introduced several applications on the Ordinals system through Trac Systems. These applications include fractionalization of Ordinals art and token functions for gaming purposes.

Inscriptions Gain Popularity Across Multiple Blockchains

The trend of inscriptions is spreading to various blockchains, with many companies competing in the Bitcoin Ordinals space. However, some blockchains have faced challenges in meeting the increasing demand for inscription capabilities.

Hot Take: Unlocking Innovation with Bitcoin’s Developer Platform

The successful fundraising round by Trac Systems signifies the growing interest in utilizing Bitcoin as a developer platform. With applications like tokenization, gamification, and DeFi on the horizon, Bitcoin’s capabilities as a platform are being recognized and explored by blockchain companies. As more advancements are made in the Ordinals system and its applications, we can expect further innovation and opportunities within the crypto space.

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Raising $4.2 million, Ordinals-based Tap Protocol aims to advance on Bitcoin development