Bitlayer, a Bitcoin Layer 2 public chain developed based on BitVM, announced its $50 million developer airdrop activity. More than 500 project parties have signed up to participate in the activity, covering various types of projects such as infrastructure, DeFi, inscriptions, SocialFi, cross-chain bridges, etc. The activity is building the largest ecosystem for Bitcoin Layer 2. Within 48 hours of the launch of the activity, more than 300,000 users have voted and supported the projects. The activity is still open for registration until April 29th, and the official competition is expected to take place in mid-May. At that time, project parties can share the $50 million token airdrop rewards and grants through the leaderboard and accelerator plan.

Bitlayer, a Bitcoin Layer2 infrastructure project based on the BitVM paradigm, announced the launch of a $50 million ecological incentive plan to promote the development of its mainnet ecosystem. The first phase of the incentive program, named "Ready Player One," will begin registration at 09:00 UTC on March 29th, 2024 and end at 09:00 UTC on April 29th, 2024, and will officially start after the Bitlayer mainnet is launched. Specific rules and reward allocation guidelines for the event will be disclosed in subsequent announcements. Through the "Ready Player One" and other ecological incentive plans, Bitlayer aims to accelerate ecosystem development and incentivize projects to deploy on the Bitlayer mainnet. In addition, Bitlayer promises comprehensive ecosystem support for all projects, including potential foundation and institutional investment, initial liquidity support, comprehensive product development resources, guidance and investment opportunities from top incubators, support from the Bitcoin community and OGs, ecosystem cooperation, and co-creation.