KuCoin Labs Invests in Dovi, a Bitcoin L2 Solution, to Further Advance the Development of BTC Ecosystem

VICTORIA, Seychelles--(BUSINESS WIRE)--#blockchain--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.

ABOUT KUCOIN

Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 700 digital assets and currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 30 million users in more than 200 countries and regions. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap. In 2023, KuCoin was named one of the Best Crypto Exchanges by Forbes and recognized as a highly commended global exchange in Finder's 2023 Global Cryptocurrency Trading Platform Awards. Learn more at https://www.kucoin.com/

ABOUT KUCOIN LABS

Since its launch in May 2018, the KuCoin investment and incubation program has brought together a group of crypto experts for in-depth market research, analysis, investment, and incubation in the crypto industry. KuCoin Labs has diversified investments into early-stage projects to help project owners achieve sustainable growth and success in the decentralized world.

ABOUT DOVI

Dovi is a community-driven Bitcoin Layer 2 and EVM-compatible smart contract platform, designed to enhance scalability, reduce transaction costs, and foster a more secure and decentralized financial ecosystem. To find out more, visit https://www.dovil2.com/

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