NFT News: Toniq Launches Bitcoin-based NFT Marketplace
Toniq, a company focused on building tools and services on the decentralized web, has announced the launch of Bioniq, the first Bitcoin-specific marketplace built on a Layer 2 solution. Bioniq aims to simplify the buying and selling of Bitcoin NFTs while addressing the issue of Bitcoin congestion and high transaction fees. Backed by Polychain Capital, Bioniq offers a built-in wallet with smart wallet features and allows users to manage their private keys using Web3Auth. The platform plans to introduce additional services in the future, including Launchpad for token releases, Earn for borrowing crypto using Ordinals as collateral, Super offers for placing offers on any inscription on Bitcoin, and Collection offers for making offers on an entire collection.
Banking News: Swiss Neobank Brighty App Launches B2B Platform
Brighty App, a Swiss neobank powered by Web3 technology, has introduced Brighty Business, its European business-to-business (B2B) platform. The platform aims to streamline financial operations for businesses and offers features such as virtual and physical company-owned debit cards, transactional risk-checking, cost-effective exchange services including OTC exchange, and a referral program for B2B customers. Brighty App has already received positive feedback during its pilot testing phase and plans to conduct user experience interviews with customers.
Investment News: Mummolin Raises $6.2 Million in Seed Funding
Mummolin, Inc., a US corporation and successor to the Eligius Bitcoin mining pool, has raised $6.2 million in seed funding led by Jack Dorsey and other strategic partners. The funding will support the launch of OCEAN, a mining decentralization project for Bitcoin. OCEAN aims to redefine the role of mining pools by enabling miners to directly receive new block rewards from Bitcoin. The project emphasizes transparency and non-custodial practices.
Investment News: Coinchange Raises $10 Million
Coinchange, a crypto earning platform, has raised $10 million in funding to expand its services. The platform offers integrated Earn API services that allow businesses to offer customers the ability to earn yield on stablecoins. Coinchange operates without relying on centralized counterparties for custody, trading, or lending, reducing counterparty risk for clients. Additionally, the company provides regulated and compliant brokerage services in the US and Europe.
Blockchain News: Taste of Home Collaborates with Theta Network
Taste of Home, a culinary hub with millions of monthly visitors, has partnered with Theta Network to launch an exclusive holiday cookbook titled “Taste of Home Holiday Favorites.” The cookbook will be available on the Taste of Home website and powered by Theta. Users can explore festive recipes within this embedded environment, creating a unique online experience. This collaboration follows Theta Labs’ successful partnership with The Pet Collective.
Hot Take: Crypto Innovations Continue to Expand
The crypto industry is witnessing ongoing innovations across various sectors. Toniq’s launch of Bioniq provides a dedicated marketplace for Bitcoin NFTs, addressing congestion and high fees. Brighty App’s B2B platform streamlines financial operations for businesses, while Mummolin’s seed funding supports decentralized Bitcoin mining through OCEAN. Coinchange’s funding enables the expansion of its crypto earning services, and Taste of Home’s collaboration with Theta Network enhances the online cooking experience. These developments highlight the continuous growth and diversification of the crypto ecosystem.
Wyatt Newson emerges as a luminary seamlessly interweaving the roles of crypto analyst, dedicated researcher, and editorial virtuoso. Within the dynamic canvas of digital currencies, Wyatt’s insights resonate like vibrant brushstrokes, capturing the attention of curious minds across diverse landscapes. His ability to untangle intricate threads of crypto intricacies harmonizes effortlessly with his editorial mastery, transmuting complexity into a compelling narrative of comprehension.