Elastos, a frontrunner in decentralized web infrastructure, has secured a significant $20 million investment from Rollman Management aimed at expanding its ecosystem aligned with Bitcoin. This strategic funding will play a crucial role in advancing Elastos’ initiatives, including the launch of its Native Bitcoin DeFi protocol and the promotion of its ELA token as a reserve asset tied to Bitcoin.
Rollman Management, known for its prominent investments in blockchain entities such as Ripple, Ethereum, and Solana, has now included Elastos among its top five holdings. This collaboration is expected to enhance the implementation of Elastos’ decentralized finance solutions and its Web3 data marketplace, Elacity, which enables content creators to monetize their work without intermediaries.
Addressing Gaps in Bitcoin’s Ecosystem
With Bitcoin’s market capitalization exceeding $2 trillion, Elastos is strategically positioned to address significant deficiencies within Bitcoin’s infrastructure. The ELA token, which has been secured through merge-mining since 2018, aligns with the foundational vision set forth by Bitcoin’s creator, Satoshi Nakamoto. By utilizing Bitcoin’s hashing power, ELA not only enhances security and decentralization but also generates extra revenue for Bitcoin miners, all while establishing itself as a sound reserve asset for Elastos’ Bitcoin-native DeFi framework.
BeL2: A Game Changer for Bitcoin’s DeFi
Set to launch in the second quarter of 2024, BeL2 will empower Bitcoin holders to use their BTC as collateral in personal wallets, granting them access to Ethereum’s smart contract functionalities. This innovation allows for the minting of stablecoins, asset swaps, and peer-to-peer lending, thereby maximizing Bitcoin’s potential without the need for synthetic BTC or central custodians. BeL2 employs advanced technologies such as locking scripts and zero-knowledge proofs, enabling ELA stakeholders to earn BTC fees by participating as decentralized nodes supporting the protocol.
Elacity: Revolutionizing Content Monetization in Web3
Elacity, which has already demonstrated success in initial trials—one creator reportedly earned $5,600 in just 24 hours—will roll out its version 2 in April, introducing channels and subscription models. This platform allows influencers to encrypt, tokenize, and sell their content and royalties, initially focusing on audio and video, with future plans to broaden its applications to AI markets.
“We aim to harness Bitcoin’s monumental consensus to provide scalable utilities for Web3 users,” stated Rong Chen, the founder of Elastos. “The merge-mining connection fortifies ELA’s security with that of Bitcoin, while BeL2 facilitates a robust DeFi environment backed by Bitcoin. Elacity, in turn, aims to establish a decentralized economy for digital goods. Rollman’s investment underscores our mission as the utility layer for Bitcoin.”
Investment to Propel Elastos Forward
The $20 million funding from Rollman Management is set to enhance Elastos’ technological developments and refine its branding strategy. This investment will bolster marketing initiatives, solidifying Elastos’ position as a leader in the burgeoning Bitcoin-native DeFi sector.
Elastos: Innovating Bitcoin-secured Governance
Beyond its technological prowess, Elastos is distinguished by its Cyber Republic Consensus (CRC) governance framework. This model, structured as a DAO LLC in the Marshall Islands, enables community members to stake their merge-mined ELA tokens, earn annual yields, and participate in electing council members who oversee proposals and innovations within the ecosystem. This governance system embodies Elastos’ commitment to a decentralized and transparent environment rooted in Bitcoin principles.
As Elastos embarks on its next growth phase, interested participants can engage with the CRC DAO by acquiring merge-mined ELA. With a market capitalization of $48,542,586 and secured by a significant portion of Bitcoin’s hashrate, ELA presents a secure investment opportunity, featuring a capped supply of 28.22 million tokens to be fully mined by 2105, and a predictable emissions rate of 3.29% through its Essentials Wallet.
Available across both centralized exchanges like Coinbase and decentralized platforms such as Uniswap, ELA empowers its holders to influence Elastos’ future direction through CRC governance, fostering innovation and reinforcing security standards akin to Bitcoin while paving the way for the next generation of decentralized applications.
About Elastos
Elastos is dedicated to building a SmartWeb ecosystem that facilitates the development of decentralized applications and enhances cross-chain connectivity. By leveraging Bitcoin’s merge-mining capabilities, Elastos not only capitalizes on the security of the largest public blockchain but also aims to introduce innovative solutions like BeL2 and its Arbiter Network for a more open and trustless financial system.
About Rollman Management Digital
Rollman Management Digital operates as a private investment and management consulting firm based in the British Virgin Islands. The organization focuses on investing in skilled teams and their blockchain initiatives, aiming to further technological advancements and contribute to the future of the modern economy. Led by Victor R. Ch. Rollman, the firm provides a broad range of investment opportunities and financial services to high-net-worth individuals, entrepreneurs, governments, and various financial entities.
