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Portal reaches strategic cooperation with Bitlayer, Sovryn and Tari to launch incentive testnet

According to Cointelegraph, the non-custodial Bitcoin interoperability protocol Portal has announced important strategic partnerships with Bitlayer, Sovryn, and Tari, and is about to launch an incentive test network. By innovatively combining the Lightning Network and atomic swap technology, Portal provides users with a revolutionary, fully decentralized way to obtain Bitcoin liquidity. The platform does not rely on centralized intermediaries or custodians, ensuring users have complete control over their assets.Bitlayer, as a Bitcoin sidechain/L2 solution, will provide Portal with faster transaction speeds and enhanced privacy features.Sovryn will integrate its Bitcoin-backed stablecoin DLLR into the Portal DEX, enabling one-click trading with native BTC without the need for bridging, wrapping, or custodianship.Tari's addition will expand the tokenization and trading possibilities of digital assets, allowing users to seamlessly trade various types of digital assets with Bitcoin as the settlement layer.

Magic Eden integrates PORTAL as one of the NFT payment methods

Web3 cross-chain game ecology Portal stated in a post on social media that PORTAL has now been fully integrated into Magic Eden, and NFTs on Magic Eden can now be purchased on PORTAL.

PORTAL market making address deposited a total of 2.2 million tokens to Binance and Bybit

According to on-chain analyst @ai_9684xtpa, in the past two hours, the PORTAL market-making address 0x75b...7bB1A has deposited a total of 2.2 million tokens worth $4.932 million to Binance and Bybit. The address received 15 million tokens from the project team on February 29th and still holds 11.55 million tokens worth $25.76 million. The address may belong to DWFLabs.

PORTAL opened at $4.3 and is now quoted at $3.43

Binance's market data shows that PORTAL opened at $4.3 and is currently trading at $3.43, with a maximum increase of 7483%. The market is highly volatile, so please exercise caution and risk control.

Portal announces that staking will start tomorrow

Web3 game platform Portal announced that it will launch staking tomorrow in order to obtain VIP access to token pre-sales, NFT minting, and brand purchases. Portal stated that it will reveal the roadmap for March/April, including the debut of Launchpad, tomorrow.

Portal completes US$34 million in seed round financing, with participation from Coinbase Ventures and others

Cross-chain DEX and wallet Portal based on Bitcoin announced the completion of a $34 million seed round of financing, with participation from Coinbase Ventures, Arrington Capital, OKX Ventures, and Gate.io Ventures.

Bitcoin DEX project Portal completed $34 million in seed round financing, with participation from Coinbase Ventures, OKX Ventures and others

Bitcoin cross-chain DEX project Portal completed a $34 million seed round of financing, with participation from Coinbase Ventures, Arrington Capital, OKX Ventures, and Gate.io Ventures. Portal is a Bitcoin-based cross-chain atomic exchange protocol. Its two main products are a decentralized trading platform and a wallet. It is reported that the structure of this round of financing is a combination of simple future equity agreements (SAFE) and convertible notes. <br>