Get ready for a dive into something that’s been buzzing in our circles lately. OrdinalsBot – that cool startup that’s been all over the place for mining the biggest Bitcoin block ever for the Runestone drop. And guess what? They’ve just bagged $3 million in fresh funding to dream even bigger.
Remember when they teamed up with Wu-Tang’s Ghostface Killah for some groundbreaking Ordinals work? Well, they’ve hit a major milestone this Tuesday, crushing their funding goals with a $3 million seed round led by DACM. This brings their total dough to over $4.5 million. And to think, OrdinalsBot only stepped onto the scene last February, right after Casey Rodarmor unleashed the Ordinals protocol on Bitcoin, turning it into a playground for NFT-like media assets.
Inscribing an Ordinal used to be like decoding a puzzle – downloading the whole Bitcoin blockchain history and whatnot. But here comes OrdinalsBot, making it a breeze for collectors and artists. Toby Lewis, co-founder, couldn’t hide his excitement when he said, “The round was hot from day one… It took us a couple of weeks to get to oversubscribed status, which is pretty good in fundraising.” And they’re not stopping here. They’ve got big plans to pump up their infrastructure, including a marketplace for Ordinals inscriptions.
The gang joining DACM in this seed funding round reads like a who’s who of the crypto investment world, proving there’s hefty backing behind this venture.
But here’s the kicker – OrdinalsBot isn’t just about digital art. It’s turning up the heat with on-chain blogging and text uploads via Scribe, supporting BRC-20 tokens, and making sense of the whole Ordinals shebang with analytics and management tools. Brian Laughlan, another co-founder brain behind the magic, noted the instant buzz around their product, especially during the Bitcoin Punks minting craze. They basically became the go-to platform overnight, with their server melting down from the frenzy!
And just when you thought it couldn’t get any cooler, they played a key role in the Runestone airdrop – teaming up with Marathon Digital to mint the largest Inscription mined on the Bitcoin blockchain. This beast took up nearly 4 MB on the network and was a build-up to sending Runestone inscriptions to over 112,000 wallets, all under a Creative Commons license.
But there’s more. Last week, Ghostface Killah himself announced a collection of music-themed Ordinals inscriptions in collaboration with OrdinalsBot, adding a fresh beat to the Bitcoin network. When asked about the purists who might not be thrilled about this new use of the network, Laughlan was clear: “It’s a permissionless network, Ordinals are not doing anything that is not standard or within the protocol’s boundaries.” Basically, if you love Bitcoin and creativity, there’s no denying the excitement and innovation Ordinals has brought to the table.
As we look ahead, OrdinalsBot is gearing up to roll out its marketplace, and the buzz around the upcoming Runes protocol is already building. It’s a testament to the vibrant, creative space the Bitcoin blockchain has become, thanks to innovations like Ordinals.
