[PRESS RELEASE – New York, NY, March 20th, 2024] Oraichain, an innovator in the integration of artificial intelligence with blockchain technology, has announced the highly anticipated Beta launch of its OraiBTC Subnet on March 19.
The development marks the first time Bitcoin (BTC) will be integrated into the Oraichain ecosystem, offering a decentralized bridge for seamless BTC deposits and withdrawals.
The Subnet is designed to facilitate the easy transfer of Bitcoin into and out of the Oraichain network, with users able to directly swap the asset for ORAI tokens and bridge BTC between the Oraichain and Bitcoin networks in both directions. In the future, it will also enable the transfer of BTC via IBC to many protocols throughout the Cosmos Ecosystem.
An emphasis has been placed on ease of use, with the aforementioned functionalities made accessible via the OraiDEX website and OWallet browser. The integration will empower developers to build faster and more powerful dApp experiences,

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