Setting the Stage for Memecoin Season: Bitcoin Service Provider Seeks $50 Million Boost

• UniSat Wallet, a prominent Bitcoin Ordinals and BRC-20 service provider, is on track to secure $50 million in a funding round with several investors, including Binance Labs, showing interest.
• The company recently made waves by launching brc20-swap, the first-ever Ordinals native swap, reflecting its innovative approach in the blockchain space.

Fueling Blockchain Innovation: UniSat Wallet’s Capital Quest

As the blockchain technology continues to mature, significant players in the market are stepping up their game. At the forefront of these developments is UniSat Wallet, a major Bitcoin Ordinals and BRC-20 service provider, currently in the midst of a capital funding round targeting a remarkable $50 million. This news, revealed by Wu Blockchain, also highlights the interest shown by potential investors, including Binance Labs.

SCOOP: UniSat Wallet, the largest Bitcoin Ordinals and brc-20 service provider, is raising fund at a valuation of 50 million, and some investors have been finalized. Binance Labs is in communication. The UniSat team has experience in BSV development. Confirmed by multiple…

— Wu Blockchain (@WuBlockchain) July 24, 2023

Decoding BSV Experience

UniSat’s team is seasoned in BSV or Bitcoin Satoshi Vision development. BSV, a digital currency birthed to uphold the original Bitcoin protocol as conceptualized by its creator, Satoshi Nakamoto, is known for its distinct take on block sizes. Unlike Bitcoin Core (BTC) with its one-megabyte blocks, BSV vouches for large, ultimately unrestricted block sizes. While BSV showcases immense growth potential, it is still budding in the development stage, presenting an exciting canvas for companies like UniSat.

UniSat Wallet’s Market Impact

The significance of UniSat Wallet is apparent from Dune’s data, which positions the company as accounting for approximately 10% to 20% of the transaction volume and time in the current Bitcoin Ordinals trading market. With a robust user base of about 60,000 unique users, UniSat is carving a noticeable presence in the sector.

BRC-20-Swap: A Novel Feature

The recent launch of brc20-swap by UniSat Wallet, the inaugural Ordinals native swap, has further solidified its innovator status. This feature empowers any user to deploy new trading pairs and introduce liquidity to the Swap.