lolli

According to The Block, the Bitcoin rewards app Lolli now supports withdrawal operations on the Bitcoin Lightning Network after completing integration with Spark.This move may help address some complaints raised by users since Lolli was acquired by Thesis in July. Spark is an open-source Bitcoin Layer 2 protocol developed by Lightspark, enabling instant, low-cost, self-custodied transactions of Bitcoin and Bitcoin-based assets, and is fully compatible with the Lightning Network. Both companies stated that Spark's software development kit (SDK) will provide Lightning Network withdrawal support for "Bitcoin rewards held on the Lolli platform." Thesis's acquisition of Lolli has faced criticism from some users. Shortly after the acquisition announcement, Lolli suspended all Bitcoin reward transfers and withdrawal operations to migrate its backend to Thesis's infrastructure, which caused dissatisfaction among some users. Additionally, Thesis integrated its Ethereum Virtual Machine (EVM) compatible Mezo Bitcoin scaling and programmable layer into Lolli before allowing on-chain Bitcoin or Lightning Network transfers, further angering some users.

ChainCatcher news, according to The Block, the Bitcoin rewards app Lolli has acquired the browser extension Slice, which allows users to earn BTC while browsing the web.This acquisition will help enhance the earning potential for Lolli users. Currently, users can earn Bitcoin rewards when shopping online through partner retailers. Slice, on the other hand, rewards users for their "passive" online activities, such as scrolling through pages and streaming. Notably, this acquisition will also accelerate Lolli's adoption of the Lightning Network, enabling withdrawal features for Layer 2 networks.

ChainCatcher news, according to The Block, Bitcoin podcast "Aubservation" host Aubrey Strobel has co-founded a public relations firm called Halcyon with former Lolli executive Elena Nisonoff, focusing on brand communication in the fields of Bitcoin, stablecoins, and artificial intelligence. The company will provide comprehensive services such as public relations marketing and content creation, primarily targeting early to mid-stage tech companies.Strobel previously served as the Director of Communications at Bitcoin rewards company Lolli and is currently an advisor at Bitcoin application development company Trust Machines. The establishment of Halcyon comes at a time when Bitcoin prices are reaching new highs and the U.S. "GENIUS Stablecoin Act" has been passed.

ChainCatcher news, according to The Block, Thesis, which focuses on venture capital in the Bitcoin ecosystem, has acquired the Bitcoin rewards platform Lolli to integrate it into its broader ecosystem. The specific terms and amount of the deal have not been disclosed.Thesis previously incubated the Bitcoin rewards platform Fold, which later spun off into an independent company. Fold subsequently reached a merger agreement with FTAC Emerald Acquisition Corp. in July 2024, and went public on Nasdaq in February under the ticker symbol FLD.

ChainCatcher news, according to TechCrunch, the Bitcoin cashback platform Lolli has completed a $8 million Series B funding round, led by BITKRAFT Ventures, with participation from Sfermion, Ulta Beauty's Prisma Ventures, Hypersphere Ventures, ZebPay's CEO Rahul Pagidipati, 2 Punks Capital, MZ Web3 Fund, Seven Seven Six, Founders Fund's Pathfinder Ventures, Bain Capital Ventures, Serena Williams' Serena Ventures, Logan Paul and MrBeast's Night Media, among others.The new funds will be used to launch Lolli's rewards program to business partners such as exchanges, new banks, banks, payment companies, and browsers.