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- The inaugural Bitcoin NFT marketplace to implement RGB smart contracts.
- Bitcoin has experienced an increase in both the trading volume of Ordinals and the market capitalization of BRC-20 tokens.
DIBA, recognized as the “first Bitcoin NFT marketplace” utilizing RGB smart contracts, has officially launched on the mainnet. The platform’s objective is to streamline the migration of NFTs from Ethereum to Bitcoin, surpassing the capabilities of Bitcoin Ordinals.
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Digital Bitcoin Art and Assets, or DIBA, a company based in the United States, has revealed its launch of “the first Bitcoin NFT marketplace,” which will leverage RGB smart contracts. As stated by DIBA’s founder and CEO, Gideon Nweze, the RGB protocol aims to provide “enhanced security, including privacy, scalability, and lower transaction fees,” while simplifying the process of tokenizing assets on Bitcoin.
A surge of new entrants has recently emerged in the market for Bitcoin-based tokens and assets, introducing innovative features designed to attract users. The excitement surrounding the Ordinals Protocol and BRC-20 tokens, which enable developers to create tokens or artworks on the Bitcoin network while incurring significant transaction costs, is particularly noteworthy.
At present, Bitcoin is experiencing unprecedented highs due to substantial increases in both the trading volume of Ordinals and the market capitalization of BRC-20 tokens. Additionally, some investors in DIBA are optimistic that the market is poised for a broader increase in Bitcoin-based assets, including prominent venture capitalist Tim Draper.
