The Cosmos ecosystem Nomic Chain issues nBTC to connect BTC to over 50 IBC application chains

ChainCatcher message, according to the announcement during the Cosmoverse 2023 conference on October 3, users can transfer Bitcoin to the Cosmos network via the Nomic bridge on Osmosis, with a fee of 1.5% of the transaction value, and users will receive Nomic Bitcoin (nBTC) on a 1:1 basis.

It is reported that nBTC is an IBC-compatible token issued by Nomic Chain and supports users providing liquidity on Osmosis. They can also be used in over 50 application chains linked to the Cosmos network.