{"id":54274,"date":"2023-12-11T16:58:44","date_gmt":"2023-12-11T16:58:44","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/crypto\/kucoin-labs-invests-in-btc-layer-2-dovi-to-advance-bitcoin-ecosystem-development\/"},"modified":"2023-12-11T16:58:45","modified_gmt":"2023-12-11T16:58:45","slug":"kucoin-labs-invests-in-btc-layer-2-dovi-to-advance-bitcoin-ecosystem-development","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=54274","title":{"rendered":"KuCoin Labs Invests in BTC Layer 2 Dovi to Advance Bitcoin Ecosystem Development"},"content":{"rendered":"<div>\n<figure id=\"attachment_140942\" aria-describedby=\"caption-attachment-140942\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><noscript><\/noscript><figcaption id=\"caption-attachment-140942\" class=\"wp-caption-text\">Source: KuCoin<\/figcaption><\/figure>\n<p>KuCoin Labs, the corporate VC arm of the KuCoin ecosystem, has announced a strategic investment to further Bitcoin ecosystem development.<\/p>\n<p>The KuCoin investment platform is tapping the Bitcoin Layer 2 smart contract platform Dovi, to help it achieve its \u201cpivotal milestones.\u201d<\/p>\n<p>\u201cKuCoin Labs will continue to assist Dovi in achieving its pivotal milestones, including product innovation, market expansion, and enhancement of user experience,\u201d Lou Yu, chief of KuCoin Labs, noted.<\/p>\n<p>The strategic investment demonstrates KuCoin Lab\u2019s commitment and belief in the development of the crypto industry in the long term.<\/p>\n<p>KuCoin Labs has previously invested in various early-stage projects to help build sustainable growth in the crypto space. The platform has also deployed a dedicated fund to support BTC-native projects.<\/p>\n<p>The company release further noted that KuCoin Labs will continue to invest in the Bitcoin ecosystem and has also invited native projects to be partner in the development.<\/p>\n<p>\u201cWe welcome other BTC-native projects to fill the application form through the official website for financing or incubation purposes,\u201d it said.<\/p>\n<p>In April, the Digital Assets Regulation Institute (DARI), launched jointly by KuCoin Labs and VAIOT, announced to provide a platform for industry-led efforts to promote regulatory clarity and coherence.<\/p>\n<p>DARI noted that it would provide advisory services for ventures seeking regulatory approval, with institutional partners serving as advisors.<\/p>\n<p>The Seychelles-based company also launched a $100 million fund devoted to early-stage metaverse projects in 2021. KuCoin Labs portfolio comprises more than 50 projects including Ankr, MultiVAC, Arweave, CertiK, OneLedger and LUKSO.<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em>Enter your email for our Free Daily Newsletter<\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span><\/p>\n<div class=\"recaptcha-text\">\n        This site is protected by reCAPTCHA and the Google<br \/>\n        Privacy Policy and<br \/>\n        Terms of Service apply.\n    <\/div>\n<\/div><\/div>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/kucoin-labs-invests-in-btc-layer-2-dovi-to-advance-bitcoin-ecosystem-development.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: KuCoin KuCoin Labs, the corporate VC arm of the KuCoin ecosystem, has announced a strategic investment to further Bitcoin ecosystem development. The KuCoin investment platform is tapping the Bitcoin Layer 2 smart contract platform Dovi, to help it achieve its \u201cpivotal milestones.\u201d \u201cKuCoin Labs will continue to assist Dovi in achieving its pivotal milestones, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":54275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[35],"tags":[],"class_list":{"0":"post-54274","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>KuCoin Labs Invests in BTC Layer 2 Dovi to Advance Bitcoin Ecosystem Development | Prosfunds<\/title>\n<meta name=\"description\" content=\"Source: KuCoin KuCoin Labs, the corporate VC arm of the KuCoin ecosystem, has announced a strategic 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