Victoria, Seychelles, December 22nd, 2023, Chainwire

World-leading Web3 trading wallet, Bitget Wallet (formerly BitKeep Wallet) has announced a comprehensive support and development plan for the Bitcoin ecosystem this month. The initiative signifies an active expansion in supporting the Bitcoin ecosystem, with increased investments in the areas of product research and development, with the goal of bringing more trading options for users and enhancing their overall asset management experience.

Bitget Wallet offers a range of services centered around the Bitcoin ecosystem, including providing support for BTC asset management, cross-chain swaps, and on-ramping for EOA and MPC wallets. Bitget Wallet also offers Taproot compatibility together with asset transfers for BRC-20 tokens and NFTs. Additionally, users can gain insights on overall market trends of the Bitcoin ecosystem on Bitget Swap, as well as interact with popular projects on Bitget Wallet’s DApp browser.

An increasing number of Bitcoin ecosystem projects are integrating Bitget Wallet on their official websites, such as Unisat, ALEX Lab, LifeRestart, and Bitmap Explorer, which are all featured on Bitget Wallet’s integrated DApp browser for ease of user access. Users can expect to access a whole range of services within the Bitcoin ecosystem, including DeFi, cross-chain bridges, minting inscriptions, and performing BRC-20 token transactions.

Together with the explosive growth of inscription-based projects on the Bitcoin ecosystem, Bitget Wallet’s DApp browser has also experienced a notable increase in user interactions with inscription-related DApps as well over the past month.

In the future, Bitget Wallet will place its focus on medium to long-term market prospects of the Bitcoin ecosystem, and work to enhance both its technological infrastructure and product features. This also includes increased investments in key areas such as Lightning Network, Nostr and Taproot Assets, BRC-20, and ARC-20 inscriptions. Amongst these, Lightning Network will be a prominent area of focus, with plans to support multiple address formats, and improving asset transfer efficiency.

Additionally, Bitget Wallet is also planning on introducing asset swaps between the Bitcoin mainnet and the Lightning Network to support cross-chain transactions between BTC and EVM assets on Bitget Swap, enhancing opportunities for portfolio diversification and enriching trading options. Taproot asset issuance will also be another area of exploration for Bitget Wallet, underscoring the platform’s proactive adaptability and passion for embracing emerging technologies.

Alvin Kan, Chief Operating Officer of Bitget Wallet, emphasizes the significance of Bitcoin, stating, “As the fundamental cornerstone of the Crypto industry, Bitcoin is not only seen as an undisputed benchmark of crypto value, but also represents the innovative spirit of the industry. Catalyzed by the introduction of the BRC-20 and Ordinals protocols, together with the imminent halving next year, the Bitcoin ecosystem is set to be a prominent player in shaping the overall trajectory of the Web3 world. “

As a world-leading Web3 trading wallet, Bitget Wallet has been committed to providing users with a wide range of assets, powerful trading features, and seamless trading experiences throughout its five-year legacy. “As the Bitcoin ecosystem continues to grow, we aim to emerge as a key player, introducing stronger and more seamless ways for users to manage and grow their assets on the Bitcoin ecosystem. ” Alvin Kan stated.

About Bitget Wallet (Web3 Trading Wallet)

Formerly known as BitKeep, Bitget Wallet stands as Asia’s largest and global frontrunner among all-in-one Web3 trading wallets. We offer a comprehensive range of on-chain products and DeFi services to our users, including wallet functionality, Swap feature, NFT trading, DApp browsing, MPC Wallet and more.

With a 5-year legacy, Bitget Wallet has garnered acclaim from over 12 million users worldwide and has secured partnerships with prominent industry leaders including Bitcoin, Ethereum, TRON, BNB Chain, Solana, Base, and others. This success stems from our commitment to consistently delivering secure and convenient products and services.

In March 2023, Bitget, a leading crypto derivatives trading platform made a substantial $30 million investment in BitKeep, acquiring a controlling stake. Following this strategic move, BitKeep underwent a transformative and strategic brand evolution in August, officially rebranding itself as Bitget Wallet.

For more information, visit: Website | Twitter | Telegram | Discord

Contact

Rachel Cheung
media@bitget.com

Redmond, Washington, United States, December 18th, 2023, Chainwire

Metagood, a blockchain technology and digital assets company, announced the successful completion of a $5 million series seed funding round aimed at advancing its Osura marketplace, focused on art within the Bitcoin ecosystem.

“Osura is embarking on a groundbreaking collaboration with artists to immortalize their creations on Bitcoin, the blockchain synonymous with unparalleled security and longevity,” said Danny Yang, CEO of Metagood. “I’ve been building on Bitcoin for over a decade and couldn’t be more excited about the possibilities that lie ahead for us on the Ordinals protocol which is simple, elegant and powerful.”

Spearheaded by Sora Ventures, the series seed round saw participation from key investors including ACTAI Ventures, Bitcoin Frontier Fund, UTXO Management, London Real Ventures, and Peach.xyz, among others.

The Ordinals protocol, which is only a year old, has unlocked an important market for storing and securing high-value assets on the Bitcoin blockchain. Osura is building the infrastructure for launching and trading assets developed on the Ordinals protocol, starting with art on Bitcoin.

“Embracing art on Bitcoin marks a stride into digital ownership, paving the way for real-world assets to seamlessly transact on the blockchain,” remarked Bill Tai, legendary venture capitalist and Metagood Chairman. “As witnessed in other chains with the advent of non-fungible tokens (NFTs,) we anticipate Bitcoin’s journey toward parallel explosive growth and are already seeing Bitcoin surpass other chains in recent NFT trading volumes.” 

This funding milestone, part of Metagood’s larger financing endeavor of $10 million, marks a new era in propelling the development of more technology and product innovations within Osura. Metagood aims to redefine industry standards by merging technology, art, and community engagement in the Bitcoin digital asset marketplace.

“Metagood is setting the gold standard for technical innovation in the Ordinals market,” stated Jason Fang, Founder and Managing Partner at Sora Ventures. “Sora Ventures stands firm in the conviction that the most valuable digital artifacts will find their home on Bitcoin. Leading the round for Metagood is not just an opportunity but a testament to our unwavering belief in the Ordinals space.”

The infusion of capital will bolster the company’s efforts in forging partnerships with artists, advancing product enhancements on Osura, and expanding its engineering and marketing team to meet burgeoning client and user growth.

“With this new funding, Metagood is poised to elevate the Osura marketplace to new heights, further solidifying our standing as an industry leader in premium digital artifacts,” said Amanda Terry, Chief Operating Officer of Metagood. “As we navigate the exciting landscape leading up to the Bitcoin halving in April 2024, we believe the timing is impeccable for growing our team and advancing our commitment to innovation on Bitcoin.”

Metagood has a dynamic founding team with extensive experience building on both Bitcoin and Ethereum. CEO Danny Yang, a crypto industry veteran, previously founded Maicoin, Taiwan’s largest crypto exchange operating since 2013, and Blockseer, a blockchain analytics business used by customers including the FBI, US Secret Service, and the DHS sold in 2018. COO Amanda Terry, with a background in business development at Twitter and five successful startup acquisitions, brings invaluable expertise to the team as a digital media operator and startup investor. Chairman Bill Tai, a crypto pioneer since 2010, has an impressive track record as the first investor in Zoom and seed investor in Canva, Dapper Labs, and 23 publicly traded companies. 

Metagood launched the innovative 10,000 digital art collection OnChainMonkey (OCM) in a single Ethereum transaction in September 2021. In 2023, OnChainMonkey made history on Bitcoin with their pioneering inscriptions. Metagood helped advance the Ordinals protocol and continued to trailblaze with the Ordinal collections of OCM Dimensions and OCM Genesis on Bitcoin. Both collections demonstrated new innovative art on Bitcoin and they inscribed code libraries on Bitcoin (p5.js, Three.js) that use recursive inscriptions, a new type of modular programming enabled on Bitcoin, which saves on Bitcoin fees for other creators to also use.

Osura, Metagood’s NFT Marketplace, stands out as a premium Ordinals platform for art on Bitcoin. With a commitment to curating the finest digital artifacts, Osura debuted with two exceptional Bitcoin Ordinals NFT collections: OnChainMonkey (OCM) Dimensions 300 and the Asprey Bugatti Egg Collection. Metagood worked closely with iconic luxury brands Asprey Studio and Bugatti to create their first generative art collection on Bitcoin. In the new year, Metagood has an exciting lineup for artists launching on Osura in 2024 including Alexis André who created “Friendship Bracelets,” one of the most popular collections on Artblocks for their first collections on Bitcoin.

Metagood’s $10 million in financing to date includes a who’s who in crypto, art, finance including Marcos Bernat (Casa Batlló), Sebastien Borget (The Sandbox), Holly Branson (Virgin Unite), Dingaling (NFT Collector), Gabby Dizon (YGG), Roham Gharegozlou (Dapper Labs), Woody Harrelson, Casper Johansen (Spartan Group), Bobby Lee (BTCC), Charlie Lee (Litecoin), Apolo Ohno (Tribe Capital), Yat Siu (Animoca Brands), Matthew Tan (Etherscan), Stacy Warden (Algorand), Owen Wilson, Mark Yusko (Morgan Creek Capital), and many others. A partial list of investors can be found on the Metagood website at https://www.metagood.com/about-us.

About Metagood:

Metagood is a pioneering blockchain technology and digital assets company that sets a new standard for innovation in the crypto industry. With a focus on seamlessly blending technology, art, and community, Metagood is driving advancements in blockchain technology, particularly on Bitcoin, through initiatives such as their OnChainMonkey NFTs and the curated Osura marketplace for art on Bitcoin.

Through its innovative NFT collection OnChainMonkey, Metagood has created value and contributed to important causes, such as funding the successful evacuation of Sharbat Gula (known as “Afghan Girl” from the iconic 1984 National Geographic cover) and her family from Afghanistan, donating to humanitarian aid in Ukraine, Coral Reef conservation, and more. Metagood was recognized in Fast Company’s 2022 Best World Changing Ideas Awards for Impact Investing.

Contact

Metagood
hello@metagood.com

New York, America, December 15th, 2023, Chainwire

In the sphere of Bitcoin’s on-chain assets, a groundbreaking paradigm emerges with Bitboost’s exploration of programmability, transforming Bitcoin into a dynamic asset playground. Protocols such as Ordinals, BRC-20, and Atomicals have significantly enriched Bitcoin’s on-chain assets, offering a novel approach to scaling Bitcoin: utilizing Bitcoin as a bulletin board to publish assets and executing asset transactions off-chain through indexers. Unlike rollups, this method doesn’t validate transaction execution results on Bitcoin, making it completely agnostic to Bitcoin.

Through this approach, many popular assets have been issued on Bitcoin. The issuance method for these assets is fair minting, allowing anyone to mint a certain quantity of assets through a Bitcoin transaction. This issuance method provides participants with a fair opportunity and results in a decentralized distribution of assets, aligning more closely with the principles of decentralization. Most of these assets were issued starting in March, and as of today, some popular assets, such as $ORDI and $SATS, have market caps exceeding 1 billion USD, leading to significant wealth effects.

The Hidden Challenges Behind the Popularity of Asset Protocols

Behind the popularity, these asset protocols also suffer from many problems. Firstly, the asset issuance pattern is singular and fixed, supporting only fair minting and lacking support for additional issuance methods such as whitelists and IDOs. Secondly, the asset circulation pattern is also very rigid, supporting only transfers and exchanges with BTCs, without accommodating DeFi applications like swap, lending, staking, and more. Users are limited to actions such as minting, holding, and buying/selling with BTC, restricting the utility of these assets.

The fundamental reason for this type of problem is that the assets lack programmability. All functions of the assets are hardcoded in the protocol, and users cannot redefine them. Taking BRC-20 as an example, the asset’s functions are limited to deploy, mint, and transfer. If these assets can interact with smart contracts, users are then able to modify or add functions through the creation of smart contracts, and the problem of fixed functionality patterns can be completely solved.

Bitboost’s Unique Solution: The end Game of the Programmable Asset Protocol

Bitboost has conducted research on all publicly available smart contract solutions on Bitcoin, such as on-chain solutions like BitVM, sidechain solutions like Rootstock and Stacks, and layer 2 solutions like RGB and BEVM. After analyzing and comparing the strengths and weaknesses of all these solutions, Bitboost believes that designing a programmable asset protocol on Bitcoin should adhere to the following principles:

• Simplicity: It should not add excessive burden to the Bitcoin network.
• Security: Malicious behaviors from some participants could not lead to protocol failures.
• Compatibility: It should be compatible with existing wallets, explorers, and other tools.

Based on these principles, Bitboost has been incubated. Bitboost publishes Ethereum-style transactions on Bitcoin and utilizes an off-chain indexer with EVM (Ethereum Virtual Machine) integrated to execute these transactions. This allows for launching an EVM execution environment on Bitcoin, enabling the issuance of assets and deployment of DeFi applications within this environment.

• In terms of simplicity, Bitboost packages and compresses transactions into batches, similar to rollups, and then publishes these batches to the Bitcoin network. The transaction size and fee can be an order of magnitude lower than Bitcoin transactions.
• In terms of security, the entire protocol does not rely on multi-signatures and will not be halted by the failure of some nodes. Like other Bitcoin asset protocols, it is completely trustless.
• In terms of compatibility, the protocol participants can be divided into users and miners. For users, Bitboost is like an Ethereum chain and can be interacted with using existing Ethereum tools such as Metamask. For miners, they only need to help the protocol to inscribe transactions from the mempool onto Bitcoin through the Ordinals protocol, and then receive Bitboost’s native token as a reward.

Bitboost is referred to as a co-processor of Bitcoin. It is similar to how a GPU is commonly referred to as a co-processor of CPU, where the CPU delegates computationally intensive display tasks to the GPU, and the GPU, after computation, returns the results to the user through the screen. Bitcoin delegates the processing tasks of on-chain assets to Bitboost, and after Bitboost completes the processing, it returns the results to users through Ethereum-compatible APIs.

The difference between Bitboost and rollups lies in the fact that Bitboost’s state roots are not synchronized to Bitcoin, so they are not validated on Bitcoin through validity proofs or fraud proofs. Since Bitcoin does not have smart contracts, it lacks the ability to validate state roots. Therefore, a trustless 1:1 asset-pegged bridge between Bitboost and Bitcoin cannot be established. Instead, in Bitboost, the native token is exchanged with BTC through PBSTs (Partially Signed Bitcoin Transactions), the same way as other on-chain assets.

About Bitboost

Bitboost pioneers programmability in Bitcoin’s on-chain assets, offering a unique solution that combines simplicity, security, and compatibility. As a co-processor to Bitcoin, Bitboost introduces a new era, allowing users to redefine asset functions through smart contracts and enhancing the overall utility and scalability of the Bitcoin network.

Contact

TrustlessLabs
Trustlesslabs@proton.me

Vilnius, Lithuania, December 13th, 2023, Chainwire

ProBit Global is excited to announce that the utility token of decentralized music platform Gala Music ($MUSIC) has been listed on the leading cryptocurrency exchange. Deposits for MUSIC opened on December 8th at 03:00 UTC, with withdrawals and trading following shortly thereafter.

Gala Music is transforming the music industry through blockchain by ensuring fair compensation for artists, eliminating middlemen, and fostering deeper fan engagement. The platform has helped emerging artists gain exposure outside the constraints of traditional labels. Its token-based rewards system motivates fans to actively support musicians they love.

Through social features, exclusive content, and redeemable tokens, Gala Music builds stronger bonds between fans and artists. The platform also facilitates crowdfunding and collaborative projects, providing fans a sense of ownership in the music they enjoy. Recent success integrating with VR and metaverse experiences demonstrates the project’s commitment to constant innovation. 

The MUSIC token plays an integral role in sustaining Gala Music’s thriving ecosystem. It can be earned and spent to access exclusive artist experiences, contribute to creative initiatives, or simply show support. As the platform has expanded its catalog to over 85 artists and surpassed 5 million monthly streams, the value of the MUSIC economy has grown in turn.

The listing on ProBit Global will introduce Gala Music’s innovative concept and utility token to a broader investor and trading base. With supported trading pairs including MUSIC/USDT, MUSIC/BTC, and MUSIC/ETH, this initiative looks to further adoption of decentralized music worldwide and fuel the next stage of growth for this exciting project.

The listing of MUSIC on ProBit Global provides convenient access for holders to purchase and trade on both the exchange’s website and its robust mobile app. The top 20 exchange also has exciting marketing activities planned, including an upcoming trading competition and airdrop centered around MUSIC, offering users the opportunity to win token prizes.

ABOUT PROBIT GLOBAL

Founded in 2018, ProBit Global is a Top 20 cryptocurrency platform featuring access to more than 800 cryptocurrencies and over 1000 different markets. ProBit Global aims to position itself as a world-class exchange for both crypto enthusiasts and novice investors, and boasts a user base of more than 2,000,000 active users, globally.

With a powerful crypto trading interface, easy integration for automated crypto trading bots, fiat on-ramp support for 45 currencies, and a multilingual website in 46 languages, ProBit Global has all the features to make your cryptocurrency trading experience easy.

To learn more, visit probit.com.

ProBit Global Telegram: https://t.me/ProBitGlobalOfficial

ProBit Global on X: https://x.com/ProBit_Exchange 

Contact

Stuart Hendricks
marketing@probit.com