NFTgators

Quick take: Botanix will use the funds to build Spiderchain, a Bitcoin-native L2 primitive with full EVM equivalence. Botanix co-founder Willem Schroé believes his new BTC L2 can scale the Bitcoin ecosystem to eight billion…

The non-fungible token (NFT) market has been dormant during the crypto winter, but the introduction of Bitcoin ordinals has injected new life. Today, Bitcoin NFTs account for over 50% of weekly NFT volume for the first time in…

Merlin Chain, a new Layer 2 network for Bitcoin, has already attracted almost $1 billion in total value locked (TVL) across the 8 dapps that it supports at the moment. DefiLlama data shows that Merlin’s TVL has surged to a…

Quick take: CyberKongz, one of the original Ethereum NFT projects believes it can usher in a new era of NFTs on Bitcoin like it did with the Banana token project. The company combined ERC-721 with ERC-20 standards to create…

Quick take: Alpen Labs is building an infrastructure for zero-knowledge proofs on Bitcoin. The company believes ZK rollups can expand the utility of the world’s biggest cryptocurrency. Alpen Labs said its programmable…

Quick take: The company also highlighted the risks associated with Ordinals as an investment warning investors that they could lose value and are not insured. The report also highlights to the surging popularity of Ordinals,…