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Bitcoin Ordinals explorer Ord.io to shut down alongside trading app Zap

The Block
Bitcoin Ordinals explorer Ord.io and the trading app Zap are shutting down on June 1 due to financial constraints and low traction.

Summary

The Bitcoin Ordinals explorer Ord.io and its associated trading application Zap will cease operations on June 1. Creators Leonidas King and Zach Meyer cited financial difficulties as the primary driver for the closure, noting that they no longer saw a viable path forward for the projects. While the team plans to archive historical platform data on GitHub to preserve its contribution to Bitcoin culture, they remain open to potential acquisitions by other entities.

Separately, the self-custodial trading app Zap struggled to gain sufficient user traction despite achieving its technical goals. Users of the trading platform are encouraged to export their private keys to wallets like Phantom to ensure continued access to their assets.

(Source:The Block)