Tap Protocol raised $4 M in a new round of funding on 2023-12-15.

TAP
TAP
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According to media reports, Tap Protocol raised $4 M in a new round of funding on 2023-12-15. the investors in this funding round include Sora Ventures,Cypher Capital Group,LD Capital,Oak Grove Ventures,Kosmos Ventures,Cogitent Ventures,NewTribe Capital,NxGen,Contango Digital Assets,PetRock Capital and others. Following this round, Tap Protocol's total funding reached $9 M.
TAP is an OrdFi-enabling protocol for Bitcoin Ordinals. It works entirely without the use of L2 chains but utilizes tapping - a simple mechanism to verify transactions within the protocol. TAP includes Token-Send for efficient mass transfers, Token-Trade for simplified text-inscription-based trading, and Token-Auth for third-party issuance of signed redeem inscriptions.

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TAP Fundraising History
RoundAmountValuationTimeInvestor(s)
--$4 M--2023-12-15Sora Ventures,Cypher Capital Group,LD Capital,Oak Grove Ventures,Kosmos Ventures,Cogitent Ventures,NewTribe Capital,NxGen,Contango Digital Assets,PetRock Capital
Key Milestones
  • 2024-10-23
    $TAP was live for trading
  • 2024-05-29
    Tap Protocol raised $ 5.62 M in Public Sale round
  • 2023-12-16
    Tap Protocol raised $ 4.2 M in funding round
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