According to the announcement posted on X, the Bitcoin ordinals browser Ord.io and its associated consumer app Zap will shut down on June 1.
On Monday, Leonidas King, founder of Ord.io, cited a lack of funding as the reason for the project’s shutdown. “Ultimately, we ran out of funds and saw no way forward,” King wrote on X. Co-founder Zach Meyer also confirmed the project’s termination on X.
Ord.io launched in 2023 as a Bitcoin inscription browser with community features such as likes. It later expanded its functionality to include tools like "Satributes" for displaying rare sats and Block Vision for real-time Rune minting data. King said over one million users have used the platform.
“To help preserve some of the Bitcoin culture that has occurred on Ord.io, we will upload the full history of likes, replies, and public profile addresses to GitHub,” wrote Ord.io: “This way, if anyone in the future wants to build their own Ordinals explorer based on this context, they can.”
Jin also noted that the team is open to other entities taking over the platform and continuing its operations.
Meanwhile, Zap is a self-custody application developed by the same entity, designed to allow users to register, buy, and trade Bitcoin memecoins within 30 seconds.Wrote The statement noted that although the 30-second target was achieved, the platform failed to attract sufficient attention.
This platform recommends that users log in to their account and export their private key to Phantom to maintain access to their assets.
Bitcoin Ordinals NFT is a protocol that allows users to inscribe arbitrary data—such as images, text, or code—onto the smallest unit of Bitcoin, the satoshi. This enables users to build an NFT ecosystem directly on the Bitcoin blockchain, generating significant attention.
At the peak in 2023, Ordinals inscriptions and Dune alone generated millions of dollars in daily fees. data shows that activity in the industry has declined significantly since the 2023 peak.