SoSo Weekly | A Glimpse of New Projects & Innovations - BTC Eco Sector (05/29)
1/ New Projects
StratoVM：A DeFi-centric BTC Layer-2 network with low fees and fast finality. StratoVM leverages the Optimism codebase and implements a modified version of the OP Stack, bringing smart contract capabilities to Bitcoin, enabling developers to build applications on the most secure and widely adopted blockchain network.
Magna：The first BTC Layer-2 blockchain designed specifically for gaming.
Nakamoto Hub：A super team focused on institutional adoption of Bitcoin. The Hub co-creates and launches future unicorns, building missing BTCFi and institutional building blocks on Bitcoin and BTC L2. Its mission is to provide the necessary infrastructure and support to seamlessly integrate Bitcoin into the institutional space.
2/ New Technology Developments
The BRC20 Foundation Layer 1 Foundation (@L1Fxyz) has announced that, in collaboration with Domo and BRC20 lead maintainers Unisat_wallet and BestinSlot.xyz (@bestinslotxyz), it will share the open-source code for its proposed "Swap Module" integration into the BRC20 token standard. L1F will be collecting and reviewing feedback on this code over the next 4 weeks.
https://x.com/L1Fxyz/status/1795454465492848900
3/ BTC Projects Updates & News
1/ The Atomicals protocol has released the AVM whitepaper.
https://github.com/atomicals/avm-whitepaper
2/ PIPE and the runic lending platform Runessance (@RunessanceFi) will launch the first runic lending asset, $DOG.
https://x.com/RunessanceFi/status/1795118814880760079
3/ Tap Protocol (@tap_protocol) has introduced the $TAP airdrop campaign. Users can earn rewards by linking their Twitter account to their website and engaging with their tweets. Earned tokens will be distributed at TGE.
https://x.com/tap_protocol/status/1795512775004819835
4/ Ord.io, founded by Runestone's creator, has launched a rune minting feature, allowing users to mint 4000 runes with a single click. The more runes minted, the lower the fee rate.
https://x.com/ord_io/status/1793850535537484165
5/ Grayscale has introduced the Stacks Trust, one of the first securities fully invested in Stacks (STX). It allows investors to gain exposure to STX in the form of securities, avoiding the challenges of direct purchase, storage, and custody of STX.
https://www.grayscale.com/crypto-products/grayscale-stacks-trust