Riema Labs has completed its angel round of investment and will launch the first data availability layer based on Bitcoin

Author: 0xDabai

"Innovative data availability, shaping the future of the Bitcoin ecosystem," is the slogan and vision of the young startup Riema Labs. The three founders, with an average age of 30, are blockchain security experts from the Computer Science Department at the University of California, Santa Barbara.

At the beginning of 2024, Riema Labs announced the completion of a key angel investment round to launch a groundbreaking data availability layer aimed at significantly reducing Bitcoin storage costs. This round of angel investment attracted attention from co-founders of Bounce Finance, initiators of the BRC-20 protocol, and several other well-known co-founders and angel investors, indicating their confidence in the startup's vision and technology!

Riema Labs' groundbreaking product Nubit has launched the first data availability layer based on Bitcoin. The emergence of Nubit comes at a critical moment: the booming Bitcoin ecosystem has led to a historic peak in community demand for more efficient and cost-effective Bitcoin data solutions. Nubit’s unique advantages in reducing data costs are sure to attract significant attention from individual Bitcoin users, Bitcoin second-layer solutions, and institutional participants in the cryptocurrency space.

Nubit employs various technologies, including: consensus participation through Bitcoin staking protocols, data availability sampling, persistent data commitments based on the Bitcoin network, and decentralized bridges. These technologies provide Nubit with significant advantages:

1. Trust minimization: Compared to other non-Bitcoin-native data availability solutions, Nubit minimizes the requirements for trust.
2. Increased data throughput: It achieves an expected 100-fold increase in data throughput compared to the Bitcoin blockchain.
3. Cost reduction: Nubit is designed to reduce storage costs on the Bitcoin network by up to 99%.
4. Broader data types: Nubit offers more granular data access, supporting a wider range of data types and applications.

"Our solution focuses on addressing one of the most critical issues in the Bitcoin network—high data costs. By fully leveraging our unique data availability layer, we have optimized not only costs but also created conditions for broader Bitcoin adoption," explained Hans Liu, CEO of Riema Labs.

"We are very pleased to have the support of investors as we launch this game-changing technology. Our current focus is to ensure that our product achieves seamless integration and widespread application within the Bitcoin ecosystem," said Hongbo Wen, CTO of Riema Labs.

Meanwhile, Riema Labs is drafting BRC-1310, a unique Bitcoin inscription standard based on data availability design. This standard allows the data availability layer to seamlessly integrate with the Bitcoin network, further ensuring that data is accessible, verifiable, and secure at a tiny fraction of current costs. This innovation represents a key step in addressing the growing demand for a more robust and versatile Bitcoin infrastructure. As part of their product launch strategy, Riema Labs plans to collaborate with key industry participants and engage in various blockchain initiatives. This collaborative approach is expected to facilitate the broader adoption and integration of their technology within the Bitcoin ecosystem.

In 2024, the Year of the Wood Rat in the Chinese lunar calendar, innovation is encouraged, symbolizing hope and opportunity. Riema Labs is about to bring an unprecedented technological revolution to the Bitcoin ecosystem. They are not just participants but also drivers of change. Let us look forward to this young startup's promising future.