Unbroken Chain Fund Makes Play on Ordinals
Unbroken Chain, the world's first Ordinals trading fund, launched with plans to actively trade and invest in Ordinals-related assets.
The Deets
- Led by L. Asher Corson from Consolidated Trading
- Initial investments include a significant Bitcoin Rock purchase
- Fund aims to raise $5 million from limited partners
- Partnerships include BRC-20 creator Domo and BTC Inc.'s UTXO Management
The Bulk
Unbroken Chain, the pioneering Ordinals trading fund, commence its operations. With a leadership headed by portfolio manager L. Asher Corson of Consolidated Trading, the fund already boasts of crucial collaborations.
The fund will dive deep into all Bitcoin has to offer, meaning BRC-20 tokens, unique Satoshis (unit of Bitcoin), and inscriptions. The strength of the fund may be in its general partners, which include BRC-20 token standard's creator, Domo, BTC Inc.'s UTXO Management, and Isabel Foxen Duke, previously associated with Ordinals creator Casey Rodarmor.
The fund was the recent buyer of a Bitcoin Rock, which traded hands for 3 BTC on September 21, 2023.
📊 By the Numbers
The Ordinals secondary market has dramatically decreased over the last few months. The Bitcoin blockchain ranks No. 6 in trading volume in the last 30 days according to data from CryptoSlam, trailing chains like Immutable X and Polygon.
🎤 Founder Feedback
It’s very exciting to see institutional interest in Ordinals as an independent asset class rather than an exclusive venture capital play.Domo, BRC-20 Token Standard Creator
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