DIBA, a new marketplace focused on the exchange of Bitcoin-based non-fungible tokens (NFTs), went live on Thursday, enabling users to trade assets issued on Bitcoin smart contracts on layer 2 networks such as Lightning Network.
The firm also released a Bitcoin-only wallet in collaboration with Hut 8 Mining. The wallet is capable of storing art and music files. Bitcoin-based tokens and assets have recently experienced a surge in popularity, with leading players introducing innovative features to attract users. This includes the BRC-20 tokens and Ordinals Protocol, which facilitated issuing tokens and art on Bitcoin and led to significantly increased transaction fees.
DIBA works on the “Really Good for Bitcoin” (RGB) smart contracts, which are built on layer 2 networks. The RGB protocol allows for cheaper and more private transactions.
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