Panama City, Panama, January 30th, 2025,
Chainwire
Bitcoin decentralized exchange protocol Velar has announced the
launch of the BTC Name Grant Program, an initiative designed to
advance digital identity standardization on Stacks. The initiative
will accelerate adoption of the “.btc” digital identity standard
for the Bitcoin ecosystem, reducing manual errors and simplifying
onchain interactions.
The BTC Name Grant Program created by Velar will be implemented
in collaboration with around a dozen partners that are committed to
strengthening Bitcoin adoption. More than 6,000 STX in funding has
already been secured from such partners as Stacks, Ryder and
Arkadiko. The initiative allows users to purchase .BTC names
through approved platforms, such as BNS ONE and BNS.Market, with
STX reimbursements facilitated through Velar’s dedicated portal
velar.com/returntobtc.
The BTC program builds on Velar's track record of catalyzing
community-driven movements, as embodied by the success of its
Return to Ape campaign, which supported users in acquiring Megapont
NFTs. Set to launch on January 30, the .BTC program is a major step
towards creating a unified digital identity standard within the
Stacks ecosystem.
Velar CMO Peter Watson said: “It’s truly inspiring to see all
the protocols and tokens across the Stacks ecosystem come together
for this initiative. This unity speaks volumes about our shared
commitment to supporting and uplifting the entire community.”
Philip de Smedt, Co-founder of StackingDAO added: “The Stacks
community is rediscovering a shared identity to unite around,
beginning with the Return to Megapont Apes NFT initiative and now
the ‘Return to .BTC.’ This wouldn't be possible without the
participation of the whole ecosystem including leading Stacks
protocols.”
Snazzy of BNS One, whose platform is used for registering,
renewing, and managing .BTC digital identities, said: “We're
thrilled to be partnered with Velar as part of the Velar Grants
initiative, to help onboard thousands of new users for registration
of their .btc names. BNS is often one of the first interactions new
users have when entering the Stacks ecosystem, and the work that
Velar is doing to accelerate the adoption of Stacks is truly
remarkable.”
Hadan, Head of Growth at ALEX Lab Foundation said: “ALEX is
proud to stand with fellow Stacks protocols and projects in support
of the ‘Return to .BTC’ initiative. From reigniting the
spirit of Megapont Apes to rallying around .BTC, it's clear that
united our ecosystem is unstoppable. Collaboration fuels
innovation, and together, we’re building an extraordinary future
powered by Bitcoin. All roads on Bitcoin lead to Stacks.”
Louise Ivan, CEO & Co-Founder at Ryder added: “Everything
comes back to Bitcoin. Excited to see the Stacks community rally
behind initiatives to make Bitcoin more fun, exciting and give the
builder culture it needs.”
The first-of-its-kind initiative represents the first such
program to be hosted on Stacks’ Bitcoin Layer 2. Stacks and Ryder
lead the contributions with 1,000 STX each, followed by Velar,
Bitflow, StackingDAO, ALEX, Arkadiko, Hermetica, and Leather
Wallet, each committing 500 STX. Zero Authority, Flat Earth, Leo,
and ROO have also joined the initiative, contributing 250 STX each.
Technical support for the program is provided by BNS ONE and
BNS.Market, ensuring seamless execution and accessibility for
participants.
The BTC Name Grant Program aligns with a shared commitment among
leading Stacks projects to advancing ecosystem infrastructure and
making it more accessible to new and existing users alike. By
incentivizing the adoption of .BTC names, Velar aims to lay the
groundwork for a more integrated and accessible Stacks
ecosystem.
About Velar
Velar is building the user interface to access the most secure
blockchain ever created. Velar enables anyone to effortlessly trade
their favorite Bitcoin-based tokens with just a few clicks via a
user-friendly interface. Velar is laying the groundwork for a new
era of Bitcoin-powered financial innovation while unlocking
untapped liquidity and empowering users to take control of their
digital assets.
Learn more: https://velar.com/
Contact
Market
Across
pr@marketacross.com