Published on mei 2, 2024, 1:16 am
Image source: Fox News
```json [ "ZPL-powered zBTC token by Zeus Network to revolutionize Bitcoin-Solana DeFi interaction by Q3 2024.", "ZPL bridges Bitcoin & Solana ecosystems, enabling ZPL-Assets for DeFi, NFTs, gaming on Solana.", "Apollo protocol converts BTC into zBTC for DeFi activities in the Solana ecosystem.", "Zeus Network plans to expand ZPL assets with zRuneX, zOrdX and introduce Bitcoin staking on Apollo mainnet.", "Secured $8M funding with $100M valuation; introduces innovative concepts like Bitcoin Runes & Ordinals.", "BTC Ordinals streamline asset tracking on Bitcoin blockchain; market sees resilience in alternative currencies." ] ```
The emergence of the ZPL-powered zBTC token is set to revolutionize the interaction between Bitcoin holders and the Solana DeFi ecosystem. Scheduled for launch by Q3 2024, Zeus Network’s Zeus Program Library (ZPL) will serve as a crucial bridge connecting these two prominent ecosystems.
By introducing ZPL-Assets into the mix, Zeus Network aims to open up a plethora of opportunities within Solana that were previously constrained on the Bitcoin blockchain. This includes engaging in various activities like DeFi, GameFi, SocialFi, DePIN, and more. ZPL encompasses a suite of Solana Virtual Machine (SVM) programs designed to empower developers in seamlessly integrating native Solana support into decentralized applications while facilitating cross-chain transactions across multiple blockchains.
Through the utilization of ZPL and the bridging protocol Apollo, users can convert their Bitcoin (BTC) into ZPL-wrapped zBTC tokens. These tokens can then be utilized for participating in decentralized exchanges, NFT marketplaces, borrowing/lending platforms, gaming activities, and SocialFi ventures within the expansive Solana ecosystem.
Looking ahead, developers are planning to broaden the range of ZPL-supported assets on Solana by introducing assets like Bitcoin Runes and Ordinals (zRuneX and zOrdX). Additionally, their roadmap includes enabling Bitcoin staking on the Apollo mainnet.
Backed by industry stalwarts such as Solana co-founder Anatoly Yakovenko and Stacks co-founder Muneeb Ali, Zeus Network recently concluded an $8 million funding round at a valuation of $100 million. The introduction of innovative concepts like Bitcoin Runes – which enhances Bitcoin’s functionality by allowing tokenization of real-world assets – further accentuates the ongoing revival within the Bitcoin decentralized application ecosystem.
Bitcoin Ordinals represent another groundbreaking endeavor by assigning unique identifiers to satoshis (1/100 millionth of a Bitcoin), thereby streamlining tracking, transfer, and creation of distinct assets directly on the Bitcoin blockchain. Recent integrations with platforms like Orders Exchange exemplify how novel protocols are reshaping possibilities within the cryptocurrency landscape.
Despite market fluctuations witnessed in cryptocurrencies like Bitcoin recently, alternative currencies such as BONK, POPCAT alongside Solana memecoins continue to demonstrate resilience in their performance.
Original article posted by Fox News
