That Orange Square on Your Timeline 🟧
All eyes on Bitcoin token standard BRC-20 with the recent launch of $OXBT. Are BRC-20 tokens all memes or is this an opportunity for real Bitcoin builders?
Shortly after the recent launch of orange-squared BRC-20 token $OXBT, created by BitGod, Bitcoin Twitter showed support by swapping out their profile pictures for a similar colored background. Together with new BRC-20 tokens launching every day and Bitcoin inscriptions reaching the 10 Million milestone, $OXBT showed that Bitcoin backed tokens are far from done. But what about scalability issues, use cases, and real tokenomics? Let’s go over this week’s highlights for Bitcoin builders.
BRC-20 & $OXBT
Bitcoin DeFi Protocol ALEX lists OXBT on their Bitcoin Layer 2 trading solution, enabling scalable trading for BRC-20 tokens.
📢 Bitcoin Builders Watch: ALEX opened up their application form for BRC-20 token listing requests.
Stably, together with Unisat Wallet, announces the world’s first USD Stablecoin on the Bitcoin network via the BRC-20 token standard.
Bitcoin wallet Xverse partners with Unisat to enable BRC-20 minting and trading.
Layer 2 Solutions
After his recent announcement during the Bitcoin Conference in Miami, Burak shares a blog post on his second-layer protocol solution “Ark” for making cheap, anonymous, off chain Bitcoin payments.
sBTC Product Lead Andre Serrano releases website for new 100% Bitcoin secured decentralized layer 2 scaling solution sBTC.
Boltz releases Lightning <> Liquid atomic swap service to rebalance Lightning channels with Liquid or stack sats via L-BTC to avoid high mainchain fees.
📢 Bitcoin Builders Watch: Walletano introduces Lightning Network suite of tools and resources for businesses and entrepreneurs seeking to integrate Lightning Network Bitcoin payments.
📢 Bitcoin Builders Watch: After their announcement during the Bitcoin Conference, NFT Marketplace Gamma now publicly releases descending price auctions for Bitcoin NFTs & Ordinals, providing a new effective bidding tool for artists and creators.
Trust Machines celebrating 10,000,000 inscriptions, thanking Casey for creating Ordinals and Domo for creating the BRC-20 Bitcoin token standard.
The world’s widely used Stablecoin Tether will start mining Bitcoin in Uruguay.
Hardware wallet Ledger integrates Rootstock’s $RBTC
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