The first Bitcoin NFT marketplace to use RGB smart contracts.
Bitcoin has seen a rise in both the trading volume of Ordinals and the market cap of BRC-20 tokens
DIBA, the “first Bitcoin NFT marketplace” utilizing RGB smart contracts, launches on the mainnet. The platform aims to facilitate NFT migration from Ethereum to Bitcoin more than Bitcoin Ordinalds has.
Digital Bitcoin Art and Assets, or DIBA, a US-based company, announced that it is launching “the first Bitcoin NFT marketplace,” which will make use of RGB smart contracts. According to DIBA’s founder and CEO, Gideon Nweze, the RGB protocol is intended to offer “enhanced security. Including privacy, scalability, and reduced transaction fees” while making it simpler to tokenize assets on Bitcoin.
A flurry of new players has recently flooded the market for Bitcoin-based tokens and assets with new features. That designed to attract users. The hype surrounding the Ordinals Protocol and BRC-20 tokens, which allow developers to create tokens or works of art on the Bitcoin network and face substantial transaction costs, stands out as the most notable example.
Currently, Bitcoin is at an all-time high due to massive increases in both the trading volume of Ordinals and the market capitalization of BRC-20 tokens. Further, some DIBA investors believe that the market is prepared for a wider rise in Bitcoin-based assets. Including well-known venture capitalist Tim Draper.