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Tap Protocol is an advanced multi-asset metaprotocol for Bitcoin Ordinals that allows for more complex financial transactions to be conducted directly on the Bitcoin blockchain, taking advantage of the Ordinals ecosystem. It is designed to be more flexible and user-friendly than other token metaprotocols, allowing features such as token staking, swapping, and liquidity pools (among others) without the need for secondary layers or complex mechanisms.
On December 16, 2023, Tap Protocol announced the successful $4,2M raise at $13M valuation from reputable investors, including Animoca Brands, PetRock Capital, Cypher Capital, Kosmos Ventures, Compute Ventures, Cogitent Ventures, and many others. Skrylabs was an incubator of Tap Protocol.