BitDAO’s native token BIT is set to rebrand as Mantle after a community majority vote. The BIP-21 proposal aims to consolidate the BitDAO ecosystem under the “One brand, One token” philosophy in preparation for the launch of a new Ethereum-based layer-2 mainnet, developed by Mantle.
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Unifying Mantle Network and BitDAO: Token Transformation and its Impact on the Blockchain Future
The recent proposal to unify branding between Mantle Network and BitDAO has led to the BIT token’s transformation to MANTLE, simplifying tokenomics and unifying the ecosystem prior to the layer-two mainnet launch. The change, approved through the BIP-21 proposal, aims to minimize confusion while optimizing the BitDAO ecosystem.
Coinbase’s Transformation: A Crypto-Enabled Banking Service or a Controversial Move?
Coinbase, the largest U.S. crypto exchange, is transitioning from solely a crypto exchange to a crypto-enabled banking service, according to Ripple board member Asheesh Birla. The shift could see Coinbase expand into financial services that encompass broader applications of blockchain technology, aiming to work with regulators and modernize the financial system.