Categories: Press Releases

Bitcoin Dogs ICO Raises $5.7 Million, Pioneering BRC-20 and Bitcoin Gaming

London, United Kingdom, March 1st, 2024, Chainwire

The Bitcoin Dogs presale for the first-ever coin on the Bitcoin blockchain has now raised a total of $5.7 million since the 14th of February. The world’s first ICO on BRC-20, Bitcoin Dogs, has 14 days until the presale closes.

The growth of the Bitcoin Dogs community is showing no signs of slowing down. Across its core social channels, the following has broken the 100k mark, with over 110k followers on Twitter and over 19k in the official Telegram group.

The Bitcoin Dogs team is all about breakthroughs using the OG chain, and the developers are experimenting with BRC-20 and Ordinals code to bring the best possible gaming experience to the world’s biggest blockchain.

Bitcoin Dogs targets $1 billion with GameFi and Ordinals fusion

The world of GameFi came to Bitcoin Ordinals in 2023, with GameFi predicted to be worth $90 billion by 2031.

Bitcoin Dogs is similar to Axie Infinity in that it involves raising digital pets, play-to-earn (P2E) mechanics, as well as player-vs.-player battles, the main difference being that Bitcoin Dogs’ retro design and the game are both directly tied to the king of all blockchains. Implementing tried and tested gameplay that the market loves, alongside innovations like the Bitcoin Ordinals NFT collection that’s soon to launch, all set out a clear path to $1 billion.

Building on Bitcoin, done better

There are challenges to making GameFi work on Bitcoin, but Bitcoin Dogs has plenty of clever tricks to get around them. For one, the immutability of the chain comes at the expense of speed and convenience, so other projects have chosen less secure chains to call home.

Bitcoin Dogs solves this dilemma using hybrid and off-chain architectures to keep things running smoothly. All assets (that’s dog NFTs, in-game currency, and marketplace activity) are stored on the Bitcoin blockchain to ensure maximum security. This is exactly what Ordinals was made for.

But to make the game ultra-playable for the community, everyday stuff happens off-chain. That means the dog breeding, races, and social activity don’t need to wait for confirmations, and Bitcoin blocks don’t get filled with too much data. The game runs faster, and there’s less congestion on the network.

Going forward, the team is looking for ways to make the gaming experience even better without sacrificing the permanence the users all love about Bitcoin. Cross-chain interoperability is one option: the complicated stuff can happen on chains built for dApps, while assets are stored on BTC.

Layer 2 options are being looked at, too. Layering protocols like Stacks are great for building at scale on Bitcoin, and rest assured that the Bitcoin Dogs team is exploring every avenue to keep things both smooth and secure as the community grows.

0DOG is currently in stage 6 out of a total of 10. There are 14 days to go as it ends on the 15th of March.

0DOG is currently priced at $0.0281 and is available on the official website.

About Bitcoin Dogs

Bitcoin Dogs is breaking new ground in the Bitcoin ecosystem. For the first time ever, NFTs, gaming, and new token types come together to offer the first ICO on the original Bitcoin blockchain. The truly permissionless immutability of Bitcoin is being harnessed to create the 0DOG token, while a play-to-earn (P2E) gaming experience and NFT collection are being developed exclusively for 0DOG holders.

For more information about Bitcoin Dogs (0DOG), users can visit the website.

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Bitcoin Dogs is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.