In a notable advance for fixing the Bitcoin ecosystem, Anduro, a multichain layer-2 network in the incubation of mining marathon digital, has launched its one of a kind platform that enables the tokenization of real world assets, RWA into bitcoin blockchain.
The inventive project, called as Avant, not only competes with these two well-known platforms in regard to the RWA bearings but rather has a peculiar feature specifically for the supporters of Bitcoin.
Avant launched a pilot project on tokenization of whiskey barrels and aims to prove how such ordinary physical assets may one day be brought in the extensionality of cryptocurrency, thus revising the idea of what is considered a website and introducing new ways of operating that lie within the frontier of traditional finance and the new rising crypto economy.
Anduro Unveils Groundbreaking Bitcoin RWA Platform
Anduro, the multichain layer – 2 network incubated by Marathon Digital Holdings, has introduced a truly new solution for issuance and investment into RWAs on the Bitcoin blockchain. The introduced platform called Avant was created together with Vertalo, a company which specializes in tokenization.
In order to demonstrate the potential of the platform, Avant has decided to start with a pilot project involving the tokenization of whiskey barrels as a rather ambitious approach. This is a crucial step towards enabling the tokenization of real-world assets within the Bitcoin ecosystem which has been dominated by other blockchain platforms such as Ethereum and Solana.
According to Dave Hendricks who is co-founder of Vertalo, acknowledged the potential of the project cheerfully commenting: ‘With the evolution of traditional finance and decentralized finance into the middle ground we see an opportunity for the partners of Anduro in working with Vertalo for the reason that the Bitcoin blockchain would be more than just for buying and selling BTC, it would include real world assets.’
Tokenization has been advancing at a much faster pace in other blockchain networks where more than two billion dollars worth of tokenized Treasury Notes have been recorded, in this August.
Bitcoin has however been far behind in this area. However, with recent changes that commenced smart contracts and also the ability to mint tokens has started to make changes to this tendency.
This innovative approach could potentially open up new avenues for investment and asset management within the Bitcoin ecosystem, bridging the gap between traditional finance and the world’s first cryptocurrency.
Marathon Digital Holdings Reports Increased Bitcoin Production
Marathon Digital Holdings, one of the largest Bitcoin mining firms disclosed a 5% increase in Bitcoin output for the month of September 2024.
The number of Bitcoins reached 705, increasing total reserves of the company to 26,842 BTC, based on the data published by the company.
In the posts, the company further claimed to have secured 207 blocks in the month of September, showing a month on month improvement of 6%.
The firm does not report this month any sales of Bitcoin which aims to keep earned ones.
Bitcoin mining is where special computers known as miners are used to solve complex mathematical puzzles in order to verify transactions taking place in the Bitcoin network. For their efforts, they have a pay in form of bitcoins.
Marathon Digital backs these mining activities with an active hash rate of 36.9 exahashes per second (a unit of the capacitance of the computer) and hopes to improve it to 50 EH/s by the end of year 2024.
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