OrdinalsBot, the first inscription service in the Bitcoin Ordinals ecosystem, has announced its shutdown after three years of operation. The project is selling its brand, intellectual property, and entire technology stack, including more than 90 code repositories. The team explored restructuring and business pivots but determined that continuing operations was not viable. The Ordinals market has contracted sharply over the past year. This closure is part of a broader trend, with more than 120 crypto projects shutting down, filing for bankruptcy, or going dark since the start of 2026.
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