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BRC20.com Raises $1.5 Million to Provide Infrastructure for Bitcoin Tokens

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

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 increased interest in the BRC-20 token standard, created in March 2023 to facilitate the creation and transfer of fungible tokens on Bitcoin through the Ordinals protocol.

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

The protocol has been criticized by some in the Bitcoin development community for its inefficient use of the Bitcoin protocol, as well as how the protocol has contributed to increasing the size of Bitcoin’s UTXO set, a crucial metric for Bitcoin’s scalability and decentralization.

However, the investment is notable given the recent increase in market capitalization for Bitcoin tokens including SATS and ORDI, which have risen to be worth more than $1 billion each and have been listed on exchanges such as Binance and OKX.

BRC20.com is best known for providing a CoinMarketCap style dashboard for Bitcoin tokens but plans to launch a mobile app that would allow users to bridge, trade and stake BRC-20 tokens with their phones. The company also plans to release a decentralized relayer network for new DeFi protocols powered by the .COM token.

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

​ Newly launched platform BRC20.com has raised $1.5 million in funding to build infrastructure for bitcoin-based tokens. 

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Crypto News

Bitcoin’s Turning Point: Counting Down to the Most Important Halving in History

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In celebration of the historic fourth Bitcoin halving and to ring in a new epoch in sound money, Bitcoin Magazine and Kraken are pleased to present the Bitcoin Halving Livestream. This event will bring together prominent voices in the Bitcoin space including Barstool CEO Dave Portnoy, Strike CEO Jack Mallers, Bitcoin Magazine Institutional Lead Dylan LeClair, and Ten31 Managing Partner Matt Odell.

This halving event – projected to occur between April 19, 2024 – will occur as Bitcoin reaches block 840,000, marking the point at which its relative supply issuance will drop below that of gold for the first time. Previous halvings have historically acted as a turning point in the market as the reduction in newly issued coins has been met with surging demand for the currency throughout each prior halving cycle.

This time around, the halving has been preceded by a new all-time high, an occurrence that has never happened since Bitcoin’s inception in January 2009. Between the launch of Spot Bitcoin ETFs in the United States (arguably the most successful ETF debut in history) by major financial institutions, and a potential resurgence in inflation, the Bitcoin bulls are on parade driving the market higher into uncharted territory.

Other guests slated to appear on the livestream are Bitcoin Magazine Chief Content Officer Pete Rizzo, Human Rights Foundation Director of Financial Freedom Christian Keroles, Simply Bitcoin Founder Nico Moran, Bitcoin Magazine Correspondent Isabella Santos, and Pomp Investments Founder Anthony Pompliano.


Click here for more information on the Bitcoin Halving Livestream powered by Kraken

In the countdown to Bitcoin’s fourth epoch, Livestream guests will review the Top 21 Moments of the past four years, as voted on by Bitcoin Magazine readers. Top moments include the rise of the Laser Eyes meme, MicroStrategy unveiling of its bitcoin-based treasury strategy, and the notorious rise and fall of disgraced FTX founder Sam Bankman-Fried. In partnership with Nitrobetting, Bitcoin Magazine will be awarding a 1 BTC prize pool for the Bitcoin Halving Challenge to contestants who most closely predict the price of the currency at Block 840,000.

Viewers will be able to count down to the halving with some of the biggest names in the space and commemorate the growth of Bitcoin with a New Year’s Eve-style celebration with Bitcoiners from around the world. The full roster of Livestream participants can be seen on www.BitcoinHalving.com and viewers can tune in on the Bitcoin Magazine YouTube channel, Twitter (X), LinkedIn, Rumble and Facebook.

Bitcoin has come a long way since the last halving in 2020, and it’s time to kick things up a notch as the world marches toward hyperbitcoinization. Don’t miss the Bitcoin Halving Livestream powered by Kraken so you can say you were there for the dawn of a new era in Bitcoin. 

For more information, visit www.BitcoinHalving.com and tune into the Livestream beginning at Bitcoin block height 839,974.

​ With the Bitcoin halving slated to occur in ~4 days, the biggest names in Bitcoin from around the world are counting down the most important halving yet. 

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Germany’s Largest Federal Lender LBBW Ventures Into Crypto Custody, Targets Mid-2024 Launch

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Landesbank Baden-Württemberg (LBBW), Germany’s largest federal bank, has announced plans to offer crypto custody services later in the year.

​ Landesbank Baden-Württemberg (LBBW), Germany’s largest federal bank, has announced plans to offer crypto custody services later in the year. 

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Amid a Week of Severe Crypto Lows, TON and ONDO Record Gains Despite Broad Market Declines – Market Updates Bitcoin News

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The past week has not been favorable for the majority of cryptocurrency assets, with only four specific digital currencies recording gains.

​ The past week has not been favorable for the majority of cryptocurrency assets, with only four specific digital currencies recording gains. 

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