Tag: DIBA

First Bitcoin NFT Marketplace to Use RGB Smart Contracts, DIBA Launches on Mainnet

  • DIBA’s mainnet launch includes a Bitcoin-only tokens wallet using apocalypse-resistant storage technology via its partnership with the largest bitcoin mining company in North America

DIBA, the first Bitcoin NFT marketplace leveraging RGB smart contracts, launches on mainnet. The launch includes BitMask, a one-of-a-kind, Bitcoin-only wallet that can hold music and art unique digital assets (UDAs), and Carbonado, hosted on high availability storage and cloud services provided by Hut 8, one of North America’s largest innovation-focused digital asset miners and high performance computing provider.

Backed by notable bitcoin investors Tim Draper of Draper Associates, Bill Tai of ACTAI Unicorn Fund, Yasmeen Drummond of NIMA Capital, and Erez Kalir of Martial Eagle Fund, DIBA aims to bring Bitcoin utility to the masses through enabling the exchange of UDAs on the most decentralized, censorship-resistant network.

Gideon Nweze, Founder & CEO of DIBA, said, “It’s our view that Bitcoin is the only network that is positioned to become the foundation for the next world economy given its decentralized, censorship-resistant, Proof-of-Work design. Bitcoin is designed to be built in layers and this one reason is why we’re very excited to announce the launch of DIBA, which enables the exchange of Unique Digital Assets for the first time on Bitcoin. This marks a major milestone in the transition of the internet onto Bitcoin.”

Tim Draper, American Venture Capital & Bitcoin Investor, said, “The bull case for Bitcoin assets is in the ballpark of $10bn market cap over the next couple of years. What Gideon and the team at DIBA have built is a testament to the potential NFTs on Bitcoin hold in capturing the creative and sovereign spirit of this next generation. I am excited about DIBA’s launch and look forward to their future growth.”

Josh Rayner, VP of High Performance Computing at Hut 8, shared, “We are bullish on Bitcoin and the potential of Layer 1 and 2 protocols, and are proud to support DIBA’s Bitcoin NFT platform with high availability storage and cloud services on our HPC infrastructure, as part of that evolution.”

The DIBA marketplace uses RGB, a Smart Contract Protocol on Bitcoin that enables encrypted transactions, and the Lightning Network to offer free NFT mints, sovereign and private assets, as well as deterministic unhackable smart contracts.

To learn more about DIBA, visit DIBA.io and follow them on Twitter @trydiba.

For media inquiries, please contact Phil LeRoy at (310) 260-7901 or phil(at)melrosepr(dot)com.

About DIBA

DIBA Global builds decentralized application Infrastructure on Bitcoin and the Lightning network. As the first marketplace on Bitcoin using RGB Smart Contract Protocol and Lightning Network to exchange Unique Digital Assets (UDAs), commonly referred to as NFTs, DIBA Marketplace is focused on accelerating art & entertainment utility on Bitcoin. DIBA’s mission is to help millions of people own, use and exchange non-custodial digital assets that are censorship resistant while catalyzing access, equity, and fairness. Visit DIBA at www.DIBA.io.

DIBA – Proper NFT (Taproot-ready) at the Bitcoin Conference

DIBA is a platform working on the first ecosystem to collect proper unique digital assets (UDA), popularly known as non-fungible tokens (NFT) on the Bitcoin blockchain and layer 2 scaling solutions.

Gideon presenting DIBA at the Bitcoin 2021 conference in Miami on June 3 (Whale Day).

Out of hundreds of submissions, DIBA was selected to present their project as one of the Top 10 Finalists at the 2021 Bitcoin Conference in Miami on Whale Day. The judges for the pitch included Tim Draper, Paul Veradittakit (Pantera Capital), Oleg Mikhalsky (Fulgur Ventures) and David Roebuck.

Organized by Bitcoin Magazine, the conference is the biggest crypto event on earth, welcoming 12,000 attendees and attracting more than 20,000 global crypto believers to Miami.

The founder and chief executive of DIBA explained the company’s mission is to help millions of people understand, own and use non-custodial digital assets built on top of the Bitcoin network. Assets in the virtual world are worth over $125B and yet, centralized in a few hands.

As a space-faring civilization, the onus is on us to build a decentralized and censorship-resistant ownership structure in the digital world. “Mars has to be an equitable society. I see a future where every individual can have an equal chance to own appreciating unique digital assets and participate in economic activities while running their own lightning node,” says Gideon Nweze.

The DIBA ecosystem allows art lovers to collect curated digital arts that are tied directly to Bitcoin’s UTXOs (unspent Bitcoin transaction outputs) through a tokenless layer 2 scaling solution and client-side validated smart contracting system “RGB”, by the LNP/BP Standards Association with major contributions from Dr Maxim Orlovsky and Dr Olga Ukolova (Pandora Core).

These assets are Taproot ready, meaning that they support the most significant upgrade to the Bitcoin network since 2017, improving Bitcoin’s privacy, smart contract capabilities, and lowering transaction costs. With taproot, you get optimization of Bitcoin, much different from how people know Bitcoin today.

Heaven Quiban, an art lover and community coordinator with DIBA, shared her excitement about the impact that Bitcoin NFT will have on the arts community. “This is an opportunity for artists to securely share their art and create a living for themselves. We can start to move past the ‘starving artist’ stage and further legitimize creativity as a viable life path.”

The DIBA NFT platform will be going live later this fall. To learn more, sign up at http://lovediba.com.

Contact:
Anastasiia Ilicheva
Marketing, DIBA Global Inc
info@lovediba.com
https://twitter.com/lvDiba
https://www.linkedin.com/company/love-diba/

LNP/BP Standards Association: https://www.lnp-bp.org/