Fractal Bitcoin launches wrapped token Wrapped FB (WFB) on the Ethereum chain

ChainCatcher news, Fractal Bitcoin has launched the ERC-20 based wrapped token Wrapped FB (WFB) on the Ethereum chain, aiming to bring the native value of Bitcoin into the Ethereum ecosystem. It is reported that each WFB token is backed 1:1 by FB tokens reserved on the Fractal mainnet, and its reserves can be publicly verified on-chain.

An initial 2.1 million FB tokens will be locked on the Fractal mainnet and issued in the form of WFB on Ethereum.