Fractal Bitcoin launches wFB based on Ethereum

ChainCatcher news, Fractal Bitcoin announced the launch of wFB (Wrapped FB) based on Ethereum. This asset is backed 1:1 by FB assets locked on the Fractal mainnet, and its reserves can be fully verified on-chain. A total of 2.1 million FB will be locked and minted as wFB, with funding sourced from the 8.4 million FB that Fractal has committed to the development of the cross-chain ecosystem. The remaining portion will be processed in phases and will be announced and executed transparently on-chain in advance. "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."