KuCoin Labs invests in Dov for advancing BTC Ecosystem development

BusinessWireDecember 11, 20233 min

KuCoin Labs, the incubator and investment arm of the KuCoin ecosystem, has once again demonstrated its keen insight into the BTC ecosystem by announcing a strategic investment in Dovi. This move not only reflects KuCoin Labs’ long-term commitment to blockchain technology but also highlights its profound understanding of the future development of the crypto industry.

Dovi focuses on establishing innovative solutions for Bitcoin Layer2, aiming to optimize user experience and transaction efficiency within the BTC ecosystem.

KuCoin Labs’ investment is not only an acknowledgment of the core strength of Dovi but also a significant maneuver in the BTC ecosystem.

KuCoin Labs will continue to assist Dovi in achieving its pivotal milestones, including product innovation, market expansion, and enhancement of user experience” said Lou Yu, the head of KuCoin Labs.

With the increasing popularity of inscriptions, the BTC ecosystem has seen an impressive performance with various native new protocols emerging one after another. KuCoin Labs has been paying attention to the development of the BTC ecosystem from early stages and has deployed a dedicated fund to support BTC-native projects. The investment in Dovi demonstrates KuCoin Labs’ firm belief in the long-term development of the crypto industry. KuCoin Labs will continue to focus on incubation, investing in the BTC ecosystem, and bringing the next BTC ecosystem phenomenon level application to the industry. We welcome other BTC-native projects to fill the application form through the official website for financing or incubation purposes.

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