The Largest Bitcoin Ordinals Platform UniSat Wallet Seeks $50 Million Funds

Key Points:

• The market’s largest Bitcoin Ordinals and BRC-20 service provider UniSat Wallet is raising $50 million in capital.
• According to a source from Wu Blockchain, some investors are done and Binance Labs is in touch.
• Recently, Unisat wallet launched brc20-swap, the first-ever Ordinals native swap.

According to Wu said blockchain reports, the Bitcoin wallet UniSat Wallet is in the process of funding $50 million, several investors have been finalized, and Binance Labs is in contact.

It is known that the UniSat team has experience in developing BSV. BSV (Bitcoin Satoshi Vision) is a cryptocurrency created to restore the original Bitcoin protocol as envisioned by Satoshi Nakamoto, its creator. Bitcoin SV aims to accomplish several critical features mentioned in Nakamoto’s original white paper that are still absent in Bitcoin.

On the surface, the most striking difference between BTC (Bitcoin Core) and BSV (Bitcoin Satoshi Vision) is the choice of block size. While BTC emphasized small blocks (one megabyte per block), BSV opted for large blocks, ultimately with unlimited block sizes.

Although BSV is considered to have a lot of growth potential, the network is still in the early stages of development.

According to Dune’s datasheet, Unisat Wallet’s transaction volume and transaction time on the Bitcoin Ordinals trading market currently accounts for about 10%~20%, and the total number of unique users is around 60,000.

Recently, UniSat walllet launched brc20-swap, the first-ever Ordinals native swap. Any user can deploy new trading pairs to add liquidity to the Swap. brc20-swap is designed to be technically compatible with existing brc20 variants.

UniSat said that brc20-swap is designed to enable developers to deploy versions of the brc20-swap service independently and will continue to provide source code, APIs and documentation to help developers build their Swap platform on top of this.

It is rumored that OKX is not currently participating, and the two sides have cooperated more in the early stages, but OKX has launched similar competing products.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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