Bitcoin wallet Oyl raises $3M to bring NFT-like tokens and DeFi to Bitcoin

Oyl, a Bitcoin Ordinals wallet, raised $3M in pre-seed funding from investors including Arthur Hayes and BRC-20 creator Domo
The funding round was led by Arca, an Ethereum NFT-focused venture firm
Other Ethereum NFT funds like Kanosei and FlamingoDAO also invested, marking their first Bitcoin company investment
Oyl will be the first platform to offer in-wallet trading of Ordinals, which are NFT-like tokens minted on the Bitcoin network
The wallet is set to launch in the coming weeks, bringing DeFi-like functions to Bitcoin