Blockchain
OrdinalsBot Behind 80% of the Largest Files Inscribed on Bitcoin Blockchain; Announces Revenue, Growth and Partnerships
OrdinalsBot, a prominent startup in the realm of Bitcoin inscriptions, has emerged as a trailblazer in pushing the boundaries of what can be achieved on the Bitcoin blockchain. Specializing in the inscription of large files, the startup recently made headlines by inscribing one of the largest files ever recorded on the Bitcoin network, a 3.969 megabyte inscription that features “A Declaration of Independence in Cyberspace” rendered as a large, legible image. This achievement underscores OrdinalsBot’s innovative approach to leveraging the capabilities of the blockchain.
The startup, which focuses on making the process of minting Ordinals more accessible, has seen significant success and growth. In a notable development, OrdinalsBot secured $3 million in funding, which will be used to enhance its infrastructure and launch an inscription marketplace. This funding round highlights the confidence investors have in the potential of OrdinalsBot to revolutionize the way digital assets are managed and traded on the Bitcoin blockchain.
OrdinalsBot’s contributions to the blockchain space are not limited to technological advancements alone. The company has engaged in various high-profile collaborations, including projects with renowned artists such as Ghostface Killah and French Montana. These collaborations demonstrate the cultural and commercial potential of blockchain technology in bridging the gap between digital art and cryptocurrency.
Furthermore, the startup’s efforts extend beyond mere inscriptions. OrdinalsBot is focused on creating a comprehensive ecosystem that supports the creation, management, and trading of digital assets on the Bitcoin blockchain. By establishing an inscription marketplace, OrdinalsBot aims to facilitate a seamless and efficient platform for artists, creators, and collectors to interact and transact.
This strategic approach positions OrdinalsBot as a key player in the burgeoning field of blockchain inscriptions, with the potential to significantly impact how digital assets are perceived and utilized. As the company continues to innovate and expand its offerings, it is poised to play a crucial role in the mainstream adoption of blockchain technology for digital art and other creative endeavors.
Source: finance.yahoo.com
The post OrdinalsBot Behind 80% of the Largest Files Inscribed on Bitcoin Blockchain; Announces Revenue, Growth and Partnerships appeared first on HIPTHER Alerts.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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