Nomic DAO Foundation Adds Ethereum Support on Nomic Bitcoin Decentralized Custody Engine
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September 13, 2024
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Nomic DAO Foundation announced the addition of Ethereum support to Nomic's Bitcoin decentralized custody engine. The team said, "This will enable the seamless flow of Bitcoin in and out of Ethereum, bringing Bitcoin into the DeFi ecosystem's largest ecosystem. Starting with a test network, Nomic will facilitate native Bitcoin deposits and withdrawals on Ethereum, without relying on centralized custodians. Beyond bringing Bitcoin into Ethereum through nBTC, this upgrade introduces a new protocol framework, leveraging Nomic's decentralized custody engine to easily create Bitcoin-backed assets at a lower cost." (CoinDesk)
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