**Nomic’s nBTC: Bitcoin’s New DeFi Superhero 🦸♂️**
- **Nomic’s Big Move:** Layer-1 blockchain Nomic is shaking things up by supporting Ethereum on its decentralized Bitcoin custody engine, launching a testnet on Sept. 12.
- **Bye-Bye, WBTC:** Say hello to nBTC, Nomic’s native token, which could replace Wrapped Bitcoin (WBTC) and make BTC DeFi less clunky.
- **Trust-Minimized Magic:** nBTC offers a trust-minimized solution for using Bitcoin in decentralized finance, potentially extending to other Ethereum Virtual Machine (EVM)-based chains.
- **Cosmos Connection:** Part of the Cosmos ecosystem, nBTC can move across Cosmos or any chain compatible with its Inter-Blockchain Communication protocol.
- **Market Shake-Up:** With nBTC, the DeFi landscape is set for a smoother, more decentralized ride. 🚀
Source: Nomic