Summary
OrdinalsBot, a startup working on Bitcoin mining and NFT-like media assets, raised $3 million in seed funding led by DACM. The funding will be used to expand infrastructure and launch an Ordinals inscription marketplace. The startup aims to simplify the process of creating Ordinals inscriptions for collectors and artists. They recently worked with Ghostface Killah on a music-themed collection. Critics claim Ordinals misuse the Bitcoin network, but the founders argue they are operating within the network’s boundaries and have brought creativity and excitement to the space.
Key Points
1. Bitcoin Ordinals startup OrdinalsBot exceeded its funding goal with a $3 million seed round led by DACM, bringing its total funding to over $4.5 million.
2. OrdinalsBot aims to simplify the process of minting inscriptions on the Bitcoin blockchain, making it easier for collectors and artists to create and manage their assets.
3. The team behind OrdinalsBot is working on expanding its infrastructure, hiring new talent, and launching an Ordinals inscription marketplace to further support its users and the growing demand for digital assets on the blockchain.