Sovryn

Alchemy

2024

Collective

<h4><strong>Rootstock has had a busy November. Developers and users alike are seeing lots of improvements to the Rootstock chain, as well as other projects like Sovryn or its wrapped product rBTC.</strong></h4> 
<p>Let’s see what’s new with Rootstock (RSK).</p> 
<h5><strong>Developer Updates</strong></h5> 
<p>For Rootstock to stay popular as a Bitcoin Layer 2 and the home for DeFi on <a href="https://www.altcoinbuzz.io/?s=bitcoin" target="_blank" rel="noopener">Bitcoin</a>, it has to be developer-friendly. And we know most of you reading this are not developers. But some of you are. And for those that aren’t, you can see how more developers in a project increase adoption down the line.</p> 
<p>Rootstock has new integrations for developers with Hyperlane and Alchemy.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">Introducing <a href="https://twitter.com/AlchemyPlatform?ref_src=twsrc%5Etfw">@AlchemyPlatform</a>, the latest Rootstock integration that brings the leading API toolkit and platform for building web3 apps.</p> 
 <p>By integrating with Rootstock, Alchemy provides the most reliable way to deploy web3 apps on the Bitcoin ecosystem and opens the door for the… <a href="https://t.co/TGZmUqIrrc">pic.twitter.com/TGZmUqIrrc</a></p> 
 <p>— Rootstock (@rootstock_io) <a href="https://twitter.com/rootstock_io/status/1851295716846547398?ref_src=twsrc%5Etfw">October 29, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>With Hyperlane, developers can build with interoperability in mind, like for instance, building on Rootstock, but for EVM networks too. Alchemy is full of great tools including APIs that let developers connect RSK apps to other apps and protocols. And as a refresher, API is Application Programming Interface and it’s what lets apps talk to each other and share info.</p> 
<p>Developers are definitely catching the Rootstock fever, as evidenced by what happened at Builder Buzz during ETH Global in Bangkok as well.</p> 
<h5><strong>Rootstock Collective</strong></h5> 
<p>Rootstock Collective is the first DAO to launch on Rootstock. And it’s making some big moves to help increase adoption for Rootstock and Bitcoin Layer 2’s in general. The Collective is now sponsoring a <a href="https://gov.rootstockcollective.xyz/t/bitcoin-innovator-grant-wave-iii/118?u=rspa_stablelab" target="_blank" rel="noopener">grant for $45,000</a> total and up to $5,000 per project of rBTC to help funding new app development. rBTC is the project’s 1:1 pegged wrapped Bitcoin. But it’s better. As a Bitcoin sidechain, rBTC transactions finalize on the Bitcoin blockchain and not in a custodian’s ledger. For now, the grant application window is closed but I would watch for more of this as the Collective gets more active in the Rootstock community.</p> 
<p>And one more piece from the Rootstock Collective is their new Collective Rewards.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">Collective Rewards for <a href="https://twitter.com/search?q=%24RIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$RIF</a> backers will go live very soon.</p> 
 <p>A new chapter for <a href="https://twitter.com/search?q=%24RIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$RIF</a> hodlers — shape the future of projects built on Bitcoin using <a href="https://twitter.com/rootstock_io?ref_src=twsrc%5Etfw">@rootstock_io</a></p> 
 <p>Stay tuned. <a href="https://t.co/E5Q6s7Fdfh">pic.twitter.com/E5Q6s7Fdfh</a></p> 
 <p>— Rootstock Collective (@RootstockColl) <a href="https://twitter.com/RootstockColl/status/1863312160346329121?ref_src=twsrc%5Etfw">December 1, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>The rewards here are for $RIF token holders. Just one more reason to hold both $rBTC for your wrapped alternative and $RIF for growth. $RIF is available on many CEXes and DEXes including our friends at <a href="https://bit.ly/Coinex_Bonus" target="_blank" rel="noopener">CoinEx</a>. $rBTC is available on the Sovryn DEX.</p> 
<p>The project is making lots of moves in this market after building quietly for a long time. I am looking forward to seeing what they will do next.</p> 
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<p>&nbsp;</p> 
<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This post is sponsored by Rootstock.</p> 
<p>Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/product-release/rootstock-november-updates/">Rootstock November Updates</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Rootstock November Updates

Altcoin Buzz

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