Projects Already Listed on PROMPT

1. Market Performance

2. Community Fundraising Review

Wayfinder (PROMPT) debuted on OKX last night at 9 PM, simultaneously listing on other exchanges such as gate.io, kucoin, and six major platforms. We focus on the OKX trend, which peaked at $0.2369, with the highest profit reaching 27 times the initial investment. Although it's far from 100 times, considering the global situation recently, a 27x return is quite decent. Congratulations once again to those who got on board, enjoying a substantial profit.

Nubit Upcoming Mainnet Launch

In the era of continuous blockchain technology innovation, the Bitcoin ecosystem is welcoming a significant transformer—Nubit. Recently, Nubit successfully completed a $12 million funding round, led by Polychain Capital, with participation from Nomad Capital, Spartan Group, and other well-known institutions. This funding not only highlights Nubit's potential within the industry but also indicates that the modular revolution of the Bitcoin ecosystem is about to reach a new climax, with the mainnet countdown filling the entire cryptocurrency field with anticipation.

1. Capital Frenzy: Nubit's Financing Landscape and Strategic Significance

On June 5, 2024, the Bitcoin-native Data Availability (DA) layer project Nubit announced the completion of an $8 million seed funding round, led by crypto investment giant Polychain Capital, with participation from over ten institutions including Spartan Group, Nomad Capital, and L2IV. Combined with the previous $3 million Pre-Seed funding round (participated by OKX Ventures), Nubit's total funding has surpassed $12 million. This funding scale not only demonstrates the market's strong confidence in the expansion of the Bitcoin ecosystem but also highlights Nubit's core position in the modular blockchain track.

Capital Logic and Industry Trends

1. Explosive Demand in the Bitcoin Ecosystem: With the rise of protocols like Ordinals, BRC-20, and Runes, the Bitcoin network is shifting from mere "value storage" to complex application scenarios. However, its native functionality struggles to support high-throughput data verification demands. Nubit, through modular design, separates data availability from the execution layer, providing scalable underlying infrastructure for the Bitcoin ecosystem.

2. Institutional Bets on the Modular Future: Leading investor Polychain Capital has long been deeply involved in the blockchain infrastructure field, with an investment portfolio covering top projects like Cosmos and Avalanche. Their significant investment in Nubit reflects the capital's recognition of the technological paradigm of "modular blockchain"—decoupling consensus, execution, and data availability layers to achieve more efficient resource allocation.

Funding Use and Milestones

Nubit plans to use the funds for technology R&D and mainnet deployment. Its Pre-Alpha testnet was launched in April 2024, attracting over 150,000 users and processing 560,000 transactions; the Alpha testnet launched in June will be the final stage before the mainnet goes live, with an expected official mainnet release by the end of 2024.

1. Technical Breakthrough: How Nubit Reshapes the Bitcoin Ecosystem

Nubit's core positioning is as the "Data Availability Layer for Bitcoin," aiming to solve the data verification bottleneck when Bitcoin supports applications like AI, GameFi, and SocialFi. Its technical architecture includes three major innovations:

1. Scalability of Modular DA Layer

Nubit uses sharding technology to parallelize data verification tasks, significantly increasing throughput. Its DA layer supports seamless integration with various Layer 2 frameworks (like Polygon CDK, OP Stack, and Arbitrum Orbit) and is compatible with Bitcoin metaprotocols like BRC-20 and Runes, providing developers with a trustless execution environment.

1. Cross-Chain Synergy with Polyhedra Network

In April 2024, Nubit partnered with the zero-knowledge proof (ZKP) cross-chain protocol Polyhedra Network. Polyhedra's zkBridge technology provides trustless cross-chain communication capabilities for the Bitcoin ecosystem, such as verifying Merkle proofs on the Bitcoin chain and interacting with other chains. This collaboration allows Nubit to enhance data verification security with ZKP technology while expanding Bitcoin's applications in cross-chain scenarios.

1. Innovation of Decentralized Indexers

Nubit's modular indexer, developed in collaboration with BRC-20 founder Domo, allows users to self-verify data validity at low cost. This design reduces the complexity of building applications for developers while ensuring the transparency and censorship-resistance of the ecosystem.

1. Ecosystem Layout: From Testnet to Mainnet Ecosystem Gravity

Nubit's ecosystem expansion has already begun to take shape, with its Pre-Alpha testnet attracting in-depth integration from projects including Babylon, BounceBit, Uniswap, and Merlin Chain. These collaborations not only validate its technical feasibility but also form a virtuous cycle of "DA layer-application layer."

1. Explosion of Developer Ecosystem

During the testnet phase, Nubit has deployed 5294 modular services, covering multiple fields such as DeFi, NFT, gaming, etc. Its support for multi-chain frameworks (like Scroll, zkSync) further reduces the migration costs for developers, attracting traditional Web2 teams to enter the Bitcoin ecosystem.

1. Attempts to Integrate with Traditional Finance

Nubit's DA layer has been used for on-chain verification of real-world assets (RWA) like tokenized government bonds. For instance, BlackRock's BUIDL fund (with a market value of $456 million) achieved transparent storage of asset data through Nubit, providing a compliant entry point for institutional investors.

1. Challenges and Future: The Key Leap for Mainnet Launch

Although Nubit shines in both technology and capital aspects, its mainnet launch still faces multiple challenges:

1. Balancing Security and Decentralization

Modular design may introduce cross-layer attack risks. Nubit needs to ensure that the verification nodes of the data availability layer are sufficiently decentralized while maintaining high throughput. Its adoption of Babylon's Bitcoin staking mechanism may enhance network security through Bitcoin's computational power.

1. Ecosystem Cold Start Dilemma

The current Bitcoin Layer 2 ecosystem is still in its early stages, with user habits yet to be formed. Nubit needs to accelerate application deployment through airdrop incentives and developer grant programs (such as cooperation with Mask Network).

1. Intensified Competitive Landscape

Similar projects like Avail (funded at $43 million) and Celestia (market cap over $1 billion) have already seized market share in the modular DA layer. Nubit needs to rely on Bitcoin's native advantages to build differentiated barriers in cross-chain interoperability and ecosystem compatibility.

1. Future Outlook: Nubit Brings Infinite Possibilities to the Bitcoin Ecosystem

Nubit's recent funding and upcoming mainnet launch will have profound impacts on the Bitcoin ecosystem and the blockchain industry. From the perspective of the Bitcoin ecosystem, Nubit's innovative technology is expected to break through existing data processing and scalability bottlenecks, promoting Bitcoin's application and development in more fields, opening a new chapter in the modular revolution of the Bitcoin ecosystem.

At the blockchain industry level, Nubit's successful funding and technological breakthroughs will inspire more projects to engage in blockchain technological innovation, driving the entire industry to continuously move forward and laying a solid foundation for the broad application of blockchain technology in more fields such as finance, the Internet of Things, and supply chains in the future. Nubit is standing at the forefront of the era, carrying the industry's expectations, and striding toward a broader future. Its development is worth the continued anticipation of everyone in the blockchain industry.

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2. Project Team

   

The rise of Nubit signifies the transformation of Bitcoin from "digital gold" to a "programmable ecosystem" paradigm. Its modular architecture not only solves Bitcoin's scalability challenges but also opens the gateway to trillion-level RWA, AI, and gaming markets through cross-chain collaboration. As the mainnet launch approaches, whether Nubit can become the "AWS" of the Bitcoin ecosystem will depend on its technological implementation speed and ecosystem cohesion. The bets from top-tier capital like Polychain and Spartan Group have already written a note of imagination for this revolution.