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Cryptocurrency News Articles

OrdinalsBot Dominates Bitcoin Blockspace: $4M Revenue, 200k Users

May 14, 2024 at 04:07 pm

OrdinalsBot, a platform that simplifies Bitcoin inscriptions, reports over $4M in Q1 revenue and 200K users. The company inscribed 80% of the largest files on the Bitcoin blockchain, including music from French Montana and Ghostface Killah. OrdinalsBot has collaborated with industry leaders like Marathon Digital Holdings, Xverse, and ALEX, and enabled the launch of the $ORDI BRC-20 token.

OrdinalsBot Dominates Bitcoin Blockspace: $4M Revenue, 200k Users

OrdinalsBot Surges with Over $4 Million in Inscriptions, 200,000 Users, and Dominance in Bitcoin Blockspace

MAHE, Seychelles, May 14, 2024 - OrdinalsBot, the industry leader in facilitating the inscription and management of data on the Bitcoin blockchain, has achieved remarkable milestones in the first quarter of 2024. With over $4 million in revenue generated through inscriptions, the platform has attracted more than 200,000 individuals and is responsible for inscribing 80% of the ten largest files ever recorded on the Bitcoin blockchain.

OrdinalsBot's comprehensive suite of API solutions simplifies the process of creating, managing, and interacting with Ordinals, BRC-20 tokens, Runes, and other protocols built upon the Bitcoin blockchain. Through strategic partnerships with industry powerhouses such as Marathon Digital Holdings (NASDAQ: MARA), Xverse, Leather, ALEX, Oyl, Mintlayer, Atomiq DeFi, Sulu, and TeleportDAO, OrdinalsBot has expanded its reach and impact.

Notably, OrdinalsBot holds the record for inscribing the largest file on the Bitcoin blockchain, a monumental 3.969 MB inscription of Logos' manifesto. This achievement underscores the platform's technical prowess and commitment to pushing the boundaries of Bitcoin's capabilities.

The company's success has been driven by collaborations with renowned artists and musicians, including French Montana and Ghostface Killah of Wu-Tang Clan. These partnerships have resulted in the inscription of unique musical Ordinals, further demonstrating the versatility of the platform and the growing adoption of Bitcoin as a medium for artistic expression.

Toby Lewis, Co-Founder of OrdinalsBot, expressed his enthusiasm for the platform's potential: "With Ordinals, we are witnessing the evolution of Bitcoin beyond its traditional role in finance. It is becoming a vibrant platform for storing and sharing all forms of data, including music, art, and information essential for identity, business transactions, and ownership."

OrdinalsBot has inscribed 80% of the top ten largest files ever inscribed on the Bitcoin blockchain, including projects from Inscribed Pepes, Runestones by Leonidas, sovrn.art, and Ordz Games. The platform has also inscribed three of the top twenty Ordinals collections by market capitalization, namely Runestone, Prometheans by CyberKongz, and Pizza Ninjas. Furthermore, OrdinalsBot's backend support has enabled the launch of Magic Eden's inscription services and the $ORDI BRC-20 token.

Brian Laughlan, Co-Founder of OrdinalsBot, emphasized the team's unwavering commitment to innovation: "We are passionate about unlocking the potential of Bitcoin and making it accessible to all. Ordinals has proven its value within the industry, and we are thrilled to be a driving force in its growth."

Lior Messika, Founder of Eden Block and Novel Labs, praised OrdinalsBot's exceptional support: "Their unparalleled expertise enabled us to achieve unprecedented results with our Mutant Hounds ordinals collection. The team consistently pushes the limits of what is possible in the ordinals ecosystem."

These achievements follow OrdinalsBot's recent oversubscribed $3 million+ funding round and the launch of $TRIO, the platform's utility token. Investors include DACM, Eden Block, Kestrel0x, Kenetic Capital, Sora Ventures, Nural Capital, WWVentures, Lightning Ventures, and others.

$TRIO is designed exclusively for use within the OrdinalsBot ecosystem and is not an investment product. U.S. persons are prohibited from purchasing $TRIO. For further information, please visit ordinalsbot.com.

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