wfb

ChainCatcher news, Fractal Bitcoin announced the launch of wFB (Wrapped FB) based on Ethereum. This asset is supported by a 1:1 lock of FB assets on the Fractal mainnet, and its reserves can be fully verified on-chain. The first batch will have 2.1 million FB locked and minted as wFB, with funding coming from the 8.4 million FB that Fractal has committed for cross-chain ecosystem development. The remaining portion will be processed in phases, with advance announcements and execution in a transparent on-chain manner. "wFB is not just about expanding the application scenarios of FB, but also aims to build lasting connections between ecosystems," said Lorenzo, core contributor of Fractal and founder of UniSat Wallet. "In the process of building a framework for community growth, we combine the security of Bitcoin with the flexibility of Ethereum, making the value of Bitcoin more usable and practical."

ChainCatcher news, Fractal Bitcoin has launched the ERC-20 based wrapped token Wrapped FB (WFB) on the Ethereum chain, aiming to bring the native value of Bitcoin into the Ethereum ecosystem. It is reported that each WFB token is backed 1:1 by FB tokens reserved on the Fractal mainnet, and its reserves can be publicly verified on-chain.An initial 2.1 million FB tokens will be locked on the Fractal mainnet and issued in the form of WFB on Ethereum.