Bybit Web3 Launches Bitcoin Layer2 Season with Merlin Chain Airdrop Campaign

Bybit Web3, a leading global crypto exchange, has announced the start of the Bitcoin Layer2 Season in collaboration with Merlin Chain through an exciting airdrop campaign.

The event, running from March 18, 2024, to April 18, 2024, marks Bybit Web3’s dedication to enhancing the Bitcoin Layer2 ecosystem, providing users with a unique opportunity to explore new possibilities within the crypto space.

By partnering with Merlin Chain, a key player in the Layer2 space, Bybit becomes the first centralized exchange to host an airdrop campaign, showcasing its commitment to innovation and user engagement.

Merlin Chain, introduced by Bitmap Tech, is renowned for its BRC-420 ‘Blue Box’ collection on the Bitcoin Ordinals protocol, which has seen significant value appreciation, reflecting the platform’s innovative solutions.

The Layer2 solution offered by Merlin Chain integrates zk-Rollup technology, decentralized oracles, and on-chain Bitcoin fraud proof modules, setting the stage for enriched Bitcoin implementations and products on Layer1.

The Bybit Web3 Airdrop Arcade Bitcoin Layer2 Season provides participants with the chance to claim a share of the 100,000 MERL airdrop (TGE airdrop), furthering the exploration of Layer2 functionalities and engaging with the burgeoning Ordinals ecosystem.

Bybit Web3’s initiative underscores its commitment to fostering openness and inclusivity in the decentralized world, offering a suite of Web3 products designed to simplify access to Web3 assets and opportunities for users worldwide.

With a thriving community of over 1 million wallet users and partnerships with major ecosystem players, Bybit Web3 is at the forefront of revolutionizing the Web3 landscape, backed by the security and expertise that define Bybit as a top global crypto exchange trusted by millions.

Joining forces with Formula One‘s Oracle Red Bull Racing team, Bybit continues to push boundaries in the crypto space, providing users with a platform for growth, innovation, and participation in the evolving world of digital assets.