Pioneering bitcoin wallet company Oyl has secured a $3 million pre-seed investment from a variety of investors, including UTXO Management and Domo, the creator of the BRC-20 token standard.

The investment marks a noteworthy shift in cryptocurrency investment trends, with several Ethereum NFT funds making their first foray into a bitcoin-centric business. Arca, which led the round, is a venture firm with a history of investments in Ethereum NFTs and alternative blockchains. Now, the company is extending its portfolio into the bitcoin sphere through Ordinals. Other investors include Foresight Ventures, Taproot Wizards CEO Udi Wertheimer, and distinguished NFT funds Kanosei and…

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