Online photo-sharing firm Blipfoto has gone into liquidation, it has been confirmed.
Business services firm FRP Advisory were appointed as liquidators of the Edinburgh-based firm on 11 March.
Eleven staff were laid off at the company before FRP was called in.
Liquidators said Blipfoto's website continued to operate and they were "in discussions with an interested party" over the sale of the site and intellectual property.
In recent days, as rumours of the company's collapse spread, worried users have been asking what might happen to the photos stored on Blipfoto's servers.
In a statement FRP said: "A sale of the assets will protect subscribers and ensure continuity of the service.
"FRP Advisory hopes to progress matters quickly and will update as soon as possible."
Blipfoto is a website where users document their lives daily with a single photo and some text.
It was founded in 2004 by Joe Tree and now reaches half a million people every month, in 175 countries.
In January, it entered a partnership with Polaroid. The website was then relaunched as Polaroid Blipfoto.
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