DIBA: A New Marketplace for Bitcoin-based NFTs

DIBA, a groundbreaking marketplace designed specifically for the exchange of Bitcoin-based non-fungible tokens (NFTs), has officially launched.

This innovative marketplace enables users to trade any asset issued on Bitcoin’s layer 2 networks, such as the Lightning Network. In partnership with crypto miner Hut 8 Mining (HUT), DIBA has also introduced a Bitcoin-only wallet capable of securely storing music files and art.

The Bitcoin ecosystem has recently witnessed a surge in new players offering unique features to attract users, with the Ordinals Protocol and BRC-20 tokens garnering significant attention. These developments, however, have also led to substantial transaction fees, causing concerns within the community.

DIBA, on the other hand, operates on the “Really Good for Bitcoin” (RGB) smart contracts, which are built on layer 2 networks. The RGB protocol enables more cost-effective and private transactions, making the issuance of tokens on the Bitcoin network more accessible. Gideon Nweze, co-founder of DIBA, explained that building on RGB could potentially help alleviate the issue of high fees on the Bitcoin network.

By leveraging the advantages of layer 2 networks and the RGB protocol, DIBA aims to offer a seamless trading experience for Bitcoin-based NFTs while mitigating the concerns surrounding transaction fees. As the marketplace gains traction, it is poised to become a prominent player in the evolving landscape of Bitcoin-based assets and further contribute to the overall growth of the NFT market within the Bitcoin ecosystem.