Bitcoin usage is expanding beyond trading and investments with the launch of New Bitcoin City, a platform that offers games, NFT auctions, and a marketplace all native to the Bitcoin network. “We want to make Bitcoin as generalized as possible — usable for far more than just a currency,” said @punk3700, one of the developers at New Bitcoin City.
The introduction of “Bitcoin Request for Comment” (BRC-20) standards earlier this year has allowed developers to issue tokens and build DeFi applications on Bitcoin. This has spurred the development of digital artwork and meme coins built on Bitcoin in recent months. @punk3700 previously built Trustless Market, a Uniswap fork on Bitcoin, to jumpstart BRC-20 token activity on the blockchain.
New Bitcoin City developers say using blockchains keeps games and wins fair, unlike opaque online games which may tamper with their mechanism behind the scenes. To combat Bitcoin’s slow transactional speeds, New Bitcoin City developers built NOS, a layer 2 network, using an Ethereum Virtual Machine (EVM) on top of Bitcoin – allowing for smart contract functionality and faster speeds.
“It’s best when we can combine the best of both worlds, i.e. Ethereum and Bitcoin, together, rather than pitch Ethereum versus Bitcoin,” @punk3700 stated.