OrdinalsBot, Bitcoin’s First Inscription Service, Is Shutting Down After 3 Years

OrdinalsBot, the first inscription service in the Bitcoin (BTC) Ordinals ecosystem, has announced its shutdown. The project will sell its brand, intellectual property, and full technology stack.

It opened about a month after the Ordinals protocol went live in early 2023. The project said that sustaining the business is not viable.

OrdinalsBot Puts Brand, IP, and 90 Code Repositories Up for Sale

The team announced the decision in a post on X. OrdinalsBot said it had explored measures, including restructuring and a business pivot, but ultimately determined that continuing operations was no longer viable.

"Unfortunately, the Ordinals market has contracted sharply over the past year…In these 3 years, we have achieved many great things and met amazing, like-minded people looking to bring new use cases to the mother chain and create a robust fee market," the post read.

Rather than allow the business and its technology to gradually lose value, the company has opted to sell its entire asset portfolio through an open, competitive bidding process. The package includes the OrdinalsBot brand, intellectual property, domains, social media accounts, Discord community, and GitHub presence.

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