Portal 2022 Year-in-Review: Fostering DeFi on top of Bitcoin!
Portal’s Year-in-Review for 2022
In 2022, Portal made significant strides as a leading censorship-resistant DeFi platform on Bitcoin. With major updates and partnerships, community expansion, and numerous features and interviews, it was a year of great achievements.
The Portal team, led by Co-founder and Technology Manoj Duggirala, Senior Engineer Anand Suresh, and guest Bob McElrath, concluded the year with a live demo of a cross-chain atomic swap transaction on Portal.
This demonstration was just one of many milestones achieved by the team showcasing their dedication to consistently improving and developing the platform throughout the year.
In this article, we summarize the major accomplishments of 2022.
Project Updates:
- As censorship and monetary inflation continue to rise globally, the Portal team has dedicated significant efforts towards the acceleration of product development, culminating in the release of a detailed blog and the achievement of major milestones.
- Portal and HighCircleX joined forces to enable the tokenization of shares of Pre-IPO companies on the Bitcoin blockchain and bring real-world use cases to Bitcoin efficiently.
- Portal and Mintlayer formed a strategic partnership to empower users to interact in the DeFi space in a secure and private way with minimal fees.
- The much-awaited Portal Equity Offering on Republic was successfully completed with a massive amount of community participation, attracting attention from leading news and media outlets such as Crypto Daily.
Features and Interviews:
- A global publishing brand in the crypto space, Coin Rivet interviewed George Burke, the Co-founder of Portal, discussing the symbiosis of Bitcoin & Layer 2.
- Crypto Daily, a leading crypto and blockchain news site, featured the Portal project in an article discussing the risks of cross-chain bridges and wrapped tokens for DeFi users and how Portal’s solutions address these challenges.
- In another news coverage from Crypto Daily, the importance of financial censorship resistance for a better global economy was examined. Portal was highlighted as a platform that is working to establish a free and open market on top of Bitcoin.
- Financefeeds News also featured Portal, showcasing its solutions for censorship-resistant transactions and how it empowers users through decentralized means, all on the Bitcoin network.
- The CEO of Portal & Founder of Fabric Protocol, Eric Martindale was invited to CCD (Crypto Channel Direct) for an interview. CCD is a renowned show for weekly news, opinion, and information that dissects the biggest crypto and blockchain news for viewers.
- Hackernoon’s report on Portal emphasized the project’s ability to facilitate multichain exchange without the use of wrapped tokens.
- Invezz.com also highlighted the DEX features of Portal as a means of realizing a future with multichain capabilities without the need for wrapped tokens.
- As the debate surrounding CeFi and DeFi continues to grow, The Bit Times featured Portal and its censorship-resistant P2P DeFi solutions as a response to current market challenges.
- In the midst of increasing CeFi issues, Dailycoin.com stressed the importance of self-sovereignty in DeFi and highlighted Portal’s sovereign DeFi offering on the Bitcoin network.
- Cypherpunk & Cryptoanarchism and Eric Martindale joined The Cafe Bitcoin Podcast.
- Watch what the Wolf of Dubai Stocks Investing Channel on YouTube said about Portal and its striking features that make it the best fit for the future of DeFi.
- The partnership between Portal and HighCircleX was recently covered by Cointelegraph, which highlighted the vision behind their collaboration to enable the tokenization of shares of pre-IPO companies on the Bitcoin blockchain.
- Several news outlets, including Nasdaq, Crypto.news, and TheNewsCrypto, have reported on Portal DEX’s role in driving Bitcoin DeFi activity and its partnership with Mintlayer is helping on the way to achieve this mission.
- Maria Andersen, a digital creator, discussed how Portal is protected from being considered an unregulated security by the SEC in relation to the Coinbase SEC trial on selling unregulated securities.
- Forbes featured Portal while highlighting how it is building a full-fledged DEX & self-sovereign wallet to foster DeFi on Bitcoin and more.
- Investing.com highlighted Portal’s atomic swap transactions and its approach toward establishing a direct P2P market while eliminating centralization, wrapped tokens or third-party custody.
- Entrepreneur, motivator & famed YouTuber Murray Newlands interviewed Eric Martindale.
- A French YouTube channel, FRCrypto covered the Portal project highlighting its mission, features, and more!
Portal sends warm regards to the community for their valuable contribution that contributed and supported every accomplishment of the Portal project.
With rising attention to fostering DeFi on Bitcoin, Portal aims to achieve its greatest milestones this year with its upcoming plans. Stay tuned!
Join Portal Unofficial International Telegram Groups 🎉
China: https://t.me/portalfinance
Turkey: https://t.me/portalDeFiTurkeyChat
Italy: https://t.me/portalitaliagruppo
Vietnam: https://t.me/portalgroupchat_vn
South Korea: https://t.me/portalfinancekr
About Portal
The Portal project is a peer-to-peer, trust-minimized application running on top of Bitcoin. It allows users to access a decentralized network right from their wallets. In addition, users can now manage multiple blockchain assets and financial services from within their wallets. The project is backed by Coinbase Ventures, ArringtonXRP Capital, Republic Capital, B21 Capital, and several other big names in the crypto and DeFi space.
With Portal, DeFi becomes a service that anyone can provide, maintaining anonymity for a competitive fee within open, transparent markets, with a security model as robust as Bitcoin mining. And because it is built on Fabric, it comes with privacy, speed, and security.
A Financial Internet Built on Bitcoin ✈️
