October 16, 2020 Web3 Foundation to support tokenized BTC on Polkadot.

A new version of tokenized BTC is set to be released on the Polkadot blockchain in the first quarter of 2021. The effort is being led by Interlay, a blockchain startup backed by the Web3 Foundation, which also oversees Polkadot’s development. The token will be backed 1:1 by Bitcoin and will require DOT, Polkadot’s native cryptoasset, to mint.