First RGB-Powered NFT Marketplace Launches on Bitcoin 2023

DIBA, the first bitcoin NFT marketplace using RGB smart contracts, has officially launched on mainnet. According to a press release sent to Bitcoin Magazine, the platform also offers BitMask, a special bitcoin-only wallet capable of storing Unique Digital Assets (UDAs) such as music and art. UDA will be hosted on high-availability storage and cloud services provided by Hut 8, a publicly traded bitcoin miner in North America.

DIBA aims to bring the utility of bitcoin to the masses by enabling the exchange of UDA on a decentralized and censorship-resistant network. Notable bitcoin investors including Tim Draper of Draper Associates and Bill Tay of Acti Unicorn Fund back the venture. Gideon Nevez, founder and CEO of DIBA, expressed his excitement about the launch, saying, “This is a major milestone in the transition of the internet to bitcoin.”

Tim Draper also praised DIBA’s innovative approach, emphasizing the potential of NFTs over bitcoin. “What Gideon and the team at DIBA have created is a proof of potential NFT on bitcoin in capturing the creative and sovereign spirit of this next generation,” he added.

DIBA’s partnership with Hut 8 is another example of the optimism surrounding bitcoin and the Layer 1 and 2 protocols. Josh Rayner, VP of High Performance Computing at Hut 8, expressed support for the bitcoin NFT platform, saying, “We are excited at the potential of bitcoin and the Layer 1 and 2 protocols, and are excited to see DIBA’s bitcoin NFT platform with high availability.” Proud to support .storage and cloud services.”

According to the press release, DIBA Markets uses both the RGB smart contract protocol on bitcoin as well as the Lightning Network to maximize the efficiency of market operations.