no, the first Bitcoin NFT marketplace to use RGB smart contracts, has been officially launched on the mainnet. According to a press release sent to Bitcoin Magazine, the platform also offers BitMask, an exclusive Bitcoin-only wallet capable of storing unique digital assets (UDAs) such as music and art. The UDAs will be hosted on highly available cloud storage services provided by Hut 8, a North American publicly traded bitcoin miner.
DIBA aims to bring the utility of Bitcoin to the masses by enabling the exchange of UDAs on a decentralized, censorship-resistant network. The project is backed by prominent bitcoin investors, including Tim Draper of Draper Associates and Bill Tai of the ACTAI Unicorn Fund. Gideon Noise, Founder and CEO of DIBA, expressed his excitement about the launch, saying, “This marks a significant milestone in the Internet’s transition to Bitcoin.”
Tim Draper also praised DIBA’s innovative approach, emphasizing the potential of NFTs on bitcoin. “What Gideon and the team at DIBA have built is a testament to the potential of Bitcoin NFTs in capturing the creative and sovereign spirit of this next generation,” he said.
DIBA’s partnership with Hut 8 is another example of the optimism surrounding Bitcoin and Layer 1 and Layer 2 protocols. Josh Reiner, Vice President of High Performance Computing at Hut 8, expressed his support for the Bitcoin NFT platform, saying, “We are optimistic about Bitcoin and the potential of Layer 1 and Layer 2 protocols.” , and we are proud to support DIBA’s Bitcoin NFT platform with high availability storage and cloud services.”
According to the press release, the DIBA Marketplace uses both the RGB smart contract protocol on Bitcoin as well as the Lightning Network to increase the efficiency of market functionality.