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NFTglee Partner Liquid Network Takes Technology Global; To Host $1 Billion Bond Offering For El Salvador

NFTglee’s technology stack has integrated the Liquid settlement network for nearly a year; used to affect ostensibly free and carbon neutral Bitcoin transactions on their site. In conjunction with Blockstream core developers, each of NFTglee’s headlining auctions have been groundbreaking for both the NFT ecosystem as well as Bitcoin.

In a watershed moment for Bitcoin and the Liquid Network, El Salvador has embarked on the construction of a ‘Bitcoin City’. Announced to incredible fanfare by President Nayib Bukele on Saturday.

Speaking at a week-long event focused on Bitcoin in El Salavador, President Bukele stated that the city is planned to be built in the eastern region of La Union and would use geothermal power from a volcano and be essentially tax free, other than a value added tax.

The announcement speaks to the depth and breadth of Bitcoin as a foundational ‘reserve currency’ asset. El Salvador is choosing to make Bitcoin the reserve currency of a region of their country and commit to a carbon neutral, tax-free future.

Samson Mow, chief strategy officer for Blockstream, said that the “first 10 year issuance, known as the volcano bond, would be worth $1 billion, backed by Bitcoin and carrying a coupon of 6.5%. Half of the sum would go to buying bitcoin on the market and other bonds will follow.”

Liquid is a sidechain-based settlement network for traders and exchanges, enabling faster, more confidential Bitcoin transactions and the issuance of digital assets. All Liquid Bitcoin (L-BTC) are verifiably 1-to-1 backed by bitcoin. Anyone can move bitcoin to the sidechain through a peg-in using a Liquid node, while peg-outs should be conducted through a Liquid Federation member.

NFTglee specializes in partnerships and collaborations with artists, unique personalities, social media influencers and brands to bring exclusive NFT collections, built on the Bitcoin blockchain, of limited edition, high quality digital and physical art to market.

NFTglee’s NFT collections are exclusive to our platform and available through our partners. We believe in the value-driven model of digital art paired with finance, luxury goods, experiences and physical possessions — as much as we value digital art as a stand alone.

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