We are pleased to introduce a blockchain bridge for integrating with the Bitcoin ecosystem through Yooldo Bridge. This update aims to build the infrastructure to support the BRC-20 ecosystem in the ERC-20 ecosystem supported by Yooldo. Additionally, we are updating the functionality of Yooldo Bridge and extending support to the Linea Chain for the first time. As the BRC-20 ecosystem grows, we anticipate achieving various synergy effects and fostering enhanced connectivity between Yooldo and the broader Bitcoin ecosystem.
The BRC-20 token standard represents a fungible token generated through Ordinals and Inscriptions stored on the Bitcoin native chain. This standard operates by storing script files in Bitcoin, facilitating the allocation and transfer of tokens to Satoshi without necessitating any interaction with smart contracts.
Yooldo’s new bridge serves as an important link for seamless connectivity between the Bitcoin and EVM ecosystems. This bridge functions to move BRC-20 tokens from the Bitcoin network to an EVM-compatible network. When users send BRC-20 tokens through the bridge, they will receive corresponding wrapped BRC-20 tokens on the Ethereum network. Yooldo Bridge begins its journey with Linea Chain, laying a solid foundation for enhanced interoperability across different blockchain networks.
Importantly, this bridge only handles BRC-20 tokens and does not handle tokens from EVM bases such as Yooldo's $YOOL and $USDC. This allows users to move assets between the two networks more efficiently. Yooldo Bridge is currently in V1, with more updates coming in the future.
Yooldo's latest bridge empowers users to seamlessly transfer BRC-20 tokens from the Bitcoin network to EVM-compatible chains. This functionality enables users to utilize the bridge for the smooth transition of BRC-20 tokens from the Bitcoin network to the EVM network, where these bridged tokens can be utilized in their wrapped form.
Please note that we will be adding support for ARC-20 soon, expanding the versatility of our bridging capabilities.
In the ever-evolving landscape of cryptocurrency, Yooldo's gaming platform is adapting to change and broadening its horizons. With the introduction of the Yooldo Bridge, Yooldo is extending its reach into the Bitcoin ecosystem, where it facilitates the transfer of BRC-20 and ARC-20 within EVM-compatible chains. This strategic move also aims to attract users from the Bitcoin ecosystem, offering gamers a diverse array of options to utilize various crypto assets within the platform.
This initiative is poised to extend the boundaries of blockchain gaming, offering users a more enriched and diverse experience. Yooldo is prepared to spearhead the integration of gaming and crypto, demonstrating a commitment to ongoing innovation.
We deeply appreciate your continued interest and support!