March 26, 2024
OrdinalsBot, a company focused on enhancing the data layer of the BTC Blockchain, has secured over $3 million in an oversubscribed seed funding round. The round was led by DACM and included participation from Eden Block, Nural Capital, WWVentures, Lightning Ventures, Oak Grove Ventures, UTXO Management, Kenetic Capital, CMS Holdings, Kestrel0x1, Sora Ventures, London Real Ventures, Crypto Zombie, MDX Crypto, and other industry leaders and influencers.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Category |
|---|---|---|---|---|---|
OrdinalsBot | Mar 26 2024 | $3M | Seed | $4M | Bitcoin |
This funding follows a pre-seed round raised less than five months ago, bringing OrdinalsBot’s total funding to over $4.5 million. The new capital will support the expansion of OrdinalsBot's infrastructure within the blockchain ecosystem, enhancing opportunities for the Ordinals and Bitcoin ecosystem.
OrdinalsBot has developed several products designed to simplify the process of minting and managing Bitcoin inscriptions and BRC-20 tokens. The OrdinalsBot Inscription Tool simplifies the minting of Ordinals and inscriptions for personal collectors, artists, and token projects. The launchpad supports easy minting, collection mint events, and BRC-20 token launches with features like controlled launches and lazy mints.
Another product, OrdinalsBot Scribe, is a platform for on-chain blogging that allows users to format and inscribe text onto Bitcoin. This includes articles, blogs, book chapters, and more, providing a new way for content creators to publish their work on the blockchain.
The OrdinalsBot API offers premium analytics and collection management tools. This API supports Ordinals, BRC-20 tokens, rare sats, and more. It also provides indexing of complex relationships, like parent-child hierarchies, to enhance user experiences and storytelling.
About OrdinalsBot:
OrdinalsBot is a leading team in the Ordinals space, focused on building the data layer of the Bitcoin blockchain. The company provides utility and infrastructure to the Bitcoin blockchain through a range of products and services designed to simplify the process of minting and managing Bitcoin inscriptions and BRC-20 tokens.
Website: https://ordinalsbot.com/
X Account: https://x.com/ordinalsbot
X Followers today: 17,323
X Followers 30 days ago: 11,790
X Follower change: 5,533 (+46.93%)
About Investor
Investor: DACM
DACM is a venture capital firm that focuses on investments in blockchain and cryptocurrency projects. The firm supports the development of technologies that aim to enhance the financial system's efficiency and security.
Location: United States
Website: https://dacm.io/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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