Bitcoin is hailed as a 'decentralized miracle', but its limitations at the application layer have left many disappointed. The Bitlayer project of @BitlayerLabs , however, has opened a door for the Bitcoin ecosystem to the world of Web3.
On Bitlayer, Bitcoin can not only serve as a store of value but can also be widely used in decentralized finance, NFTs, GameFi, and other fields. For example, players can use YBTC for payments in blockchain games, artists can trade NFTs supported by BTC, and even DAO communities can use BTC for governance voting. These scenarios used to rely mostly on Ethereum and other public chains, but now Bitcoin can finally participate genuinely.
I believe this is an important turning point in the history of Bitcoin's development. Bitlayer transforms Bitcoin from a 'value island' into an 'ecosystem core', giving it stronger utility and narrative space. The future Web3 will not only be a world of ETHFi but also a new chapter of BTCFi. #Bitlayer