DIBA works on the “Really Good for Bitcoin” (RGB) smart contracts, which are built on layer 2 networks, such as Lightning Network. By shauryamalwa.
DIBA, a new marketplace meant for exchanging Bitcoin-based NFTs, went live on Thursday, the firm said in an e-mail to CoinDesk.
The marketplace will allow users to trade any asset issued on Bitcoin smart contracts on layer 2 networks, such as Lightning Network. DIBA also released a Bitcoin-only wallet – which can store music files and art – in partnership with crypto miner Hut 8 Mining . Recently, Bitcoin-based tokens and assets have seen a frenzy of new players entering the field with new features to attract users. The most notable was the hype driven by the Ordinals Protocol and BRC-20 tokens, where developers issue tokens or art on the Bitcoin, which lead to massive transaction fees.However, DIBA works on the “Really Good for Bitcoin” smart contracts, which are built on layer 2 networks.
“The bull case for Bitcoin assets is in the ballpark of $10bn market cap over the next couple of years,” Draper said in a prepared statement. “What Gideon and the team at DIBA have built is a testament to the potential NFTs on Bitcoin.”
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