According to Odaily, Bitcoin infrastructure platform RunesFi has successfully raised $400,000 in funding. The investment round saw participation from Cogitent Ventures, Oddiyana Ventures, Lavender Capital, WeeHODL, Zephyrus Capital, and Samurai Starter.
RunesFi primarily utilizes the Runes protocol to support various infrastructure products within the Bitcoin DeFi ecosystem. The platform's main objective is to enhance the functionality of the Bitcoin DeFi ecosystem by leveraging the capabilities of the Runes protocol.
The successful funding round marks a significant milestone for RunesFi, providing the necessary financial backing to further develop and expand its platform. The investment from the participating firms underscores their confidence in RunesFi's potential to contribute to the Bitcoin DeFi ecosystem. The funds will be used to enhance the platform's infrastructure, improve its services, and expand its reach within the Bitcoin DeFi ecosystem.