OKX Ventures, the investment arm of OKX, has recently announced its investment partnership with Bitmap Tech, creators of Merlin Chain. This partnership is expected to enrich the Bitcoin ecosystem and leverage overall liquidity. Merlin Chain is a Bitcoin Layer 2 that enhances Bitcoin’s native assets, protocols, and products on Layer 1 through its Layer 2 network. Bitmap Tech’s BRC-420 ‘Blue Box’ collection has become one of the most sought-after Ordinals assets, and currently boasts an overall market cap that exceeds US$500 million. Bitmap Tech has established a significant community following worldwide, and has plans to support various native BTC Layer 1 assets, including BRC-20, BRC-420, ARC-20, and Bitmap.
Starting with a strong community following and significant market presence, Merlin Chain has already built a robust DApp ecosystem and is planning for further expansion. OKX Ventures’ investment in Bitmap Tech shows appreciation for Bitmap Tech’s dedication to bringing innovative ideas to Bitcoin, and complements OKX Ventures’ vision. This strategic investment is seen as an ideal step to transform the Bitcoin landscape and significantly enhance the Bitcoin experience for users, bringing immense value and potential to the crypto community.
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