OrdinalsBot Mints Full BRC-20 Token Supply in a Single Bitcoin Transaction with Marathon Digital Holdings
February 24 2024 - 1:48PM
Business Wire
OrdinalsBot, a premier technology infrastructure company which
provides API solutions for Bitcoin Ordinals and BRC-20s, has minted
the full supply of a BRC-20 token in a single Bitcoin transaction
via Slipstream, a new service launched by Marathon Digital Holdings
(NASDAQ: MARA). This Bitcoin block represents a historical moment
for the industry, being the first full supply of a BRC-20 token to
be minted in a single transaction.
This historic block is the first full supply of a BRC-20 token
minted in a single transaction, showcasing the potential for a more
dynamic Bitcoin blockchain. The block also includes a large file
and a collection, not possible to achieve with standard
transactions.
OrdinalsBot’s work with Marathon Digital Holdings also
represents an important moment for the Bitcoin ecosystem, as both
companies combine their expertise to develop innovative solutions
that further enrich the ecosystem. The collaboration is anticipated
to further accelerate OrdinalsBot’s growth trajectory.
Toby Lewis, cofounder of OrdinalsBot, said, "It has been
excellent working with the Marathon Digital Holdings team, and we
believe we are on the verge of creating unprecedented value for the
entire Bitcoin ecosystem."
Jullian Duran, product lead at Marathon Digital Holdings, said,
“OrdinalsBot are leaders in the space who are working to innovate
Bitcoin transacting. We appreciate their support of Slipstream, and
we look forward to future collaborations.”
The BRC-20 token mined in this particular block is a new utility
token for the OrdinalsBot platform. Trio will be launched to help
drive growth of the platform and adoption of their technology
across the sector. Trio, one of the first BRC-20 utility tokens, is
engineered to augment the capabilities of the OrdinalsBot tool for
users in the Bitcoin ecosystem, fostering new opportunities for
developers and users alike.
Brian Laughlan, Co-Founder of OrdinalsBot, commented, “BRC-20
introduced a new paradigm for fungible tokens with its fair mint
mechanism, where people can only mint a specified max amount per
transaction. The downside of this is that it makes it almost
impossible for a project to take full control of their token
supply. Via Slipstream, anyone can mint the full supply in one
transaction.”
OrdinalsBot has achieved notable growth, securing $1.5 million
in pre-seed funding last year. Investors and advisors include
Kestrel0x1, Sora Ventures, UTXO Management, Sebastien Borget
(co-founder of Sandbox), Domo (inventor of the BRC-20 protocol),
and others. The company’s commitment to providing state-of-the-art
inscription services and developer tools has been recognized by
clients and industry experts.
Looking forward, OrdinalsBot is preparing to launch several
projects that promise to significantly contribute to the company’s
expansion and enhance customer value.
“Our commitment to innovation in the Bitcoin Ordinals space
remains unwavering,” Brian Laughlan added. “Projects we have in the
pipeline are set to solidify our position as a premier
infrastructure provider, enabling developers and transforming data
inscription on the blockchain.”
For press enquiries, please contact: info@ordinalsbot.com.
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Journalists: For further information regarding the
partnership between OrdinalsBot and Marathon Digital Holdings,
please contact: Brian Laughlan Co-Founder, OrdinalsBot
brian@ordinalsbot.com Toby Lewis Co-Founder, OrdinalsBot
toby@ordinalsbot.com Marathon Digital Holdings Media
Contact: marathon@wachsman.com
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