BITFINITY AIMS TO ENHANCE BITCOIN ORDINALS WITH AN EVM ON ICP

Summary from the TLDR Crypto newsletter

Bitfinity, a new developer in the Ordinal Inscription protocol ecosystem, aims to integrate its Ethereum Virtual Machine with Bitcoin to support Bitcoin-enabled DeFi services using a sidechain on the Internet Computer. It has raised $7 million in funding to achieve this goal. Bitfinity's EVM opens up the Bitcoin ecosystem to novel use cases and applications. The company's future Bitcoin plans include adding BRC-20 tokens to its protocol, which will allow users to create meme-coins on the Bitcoin network.