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New Non-Fungible Token (NFT) Marketplace DIBA Goes Live

New Non-Fungible Token (NFT) Marketplace DIBA Goes Live

It appears that there is a new player in the NFT marketplace industry.

A new player, DIBA, has entered the field by launching a unique marketplace for Bitcoin-based non-fungible tokens (NFTs) trading

It is worth noting that the company's recent partnership with Hut 8 Mining (HUT) has also yielded a Bitcoin-only wallet. This new wallet offers the ability to store not just cryptocurrencies but also digital art and music files, further extending its utility.

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The recent surge of activity in Bitcoin-based tokens and assets has been marked by an influx of new players, each bringing unique features to attract users.

The Bitcoin Ordinals Protocol and BRC-20 tokens have been particularly significant in this trend, causing a buzz around developers who issue tokens or artwork on the Bitcoin network.

One of the differentiating factors of DIBA is the use of “Really Good for Bitcoin” (RGB) smart contracts, which are built on Layer-2 networks. 

Gideon Nweze, DIBA's co-founder, argues that the RGB protocol provides more cost-effective and private transactions, a much-needed feature considering the increasing Bitcoin network transaction fees.

DIBA’s launch has been met with optimism, particularly from investors like venture capitalist Tim Draper. He sees a prosperous future for Bitcoin-based assets and positions DIBA as a likely leader in this industry. Expressing his confidence, Draper shared:

What Gideon and the team at DIBA have built is a testament to the potential NFTs on Bitcoin.

The entry of DIBA into the Bitcoin-based NFTs marketplace, underpinned by its unique features and solutions to current challenges, can potentially steer the course of the digital assets landscape in an exciting new direction.

Gile K., Market Sentiment Analyst
Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she's not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.

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