KuCoin Labs invests in ISSP, a cross-chain inscription protocol on Sui

Rick Steves

“The investment in ISSP reflects our dedication to supporting innovative blockchain technologies. The inscription protocol on the Sui network is a testament to ISSP’s ingenuity and potential in reshaping the blockchain landscape.”

KuCoin Labs has made a strategic investment in ISSP, a groundbreaking move reinforcing its commitment to blockchain technology innovation.

This investment aims to support the development of ISSP’s innovative inscription protocol, operating on the cutting-edge Sui network, renowned for its high throughput and scalability.

“Potential in reshaping the blockchain landscape”

Lou YU, head of KuCoin Labs, said: “The investment in ISSP reflects our dedication to supporting innovative blockchain technologies. The inscription protocol on the Sui network is a testament to ISSP’s ingenuity and potential in reshaping the blockchain landscape.”

ISSP introduces the first cross-chain inscription protocol system that integrates an inscription marketplace and inscription swap, leveraging the unique Objects model of the Sui network.

The SUI-20 inscription standard protocol has been initially launched on the Sui network, utilizing the network node’s built-in indexer for indexing inscription data, ensuring optimal performance and a stable inscription experience. ISSP facilitates seamless inscription deposits into exchanges, eliminating the need for additional development by exchanges to integrate the inscription protocol.

The collaboration with ISSP on the inscription protocol marks a significant step towards developing more secure, efficient, and scalable blockchain applications. Both KuCoin Labs and ISSP share a dedication to pushing the boundaries of blockchain technology to make a substantial impact in the industry.

Launched in September 2017, KuCoin is a global cryptocurrency exchange offering access to over 700 digital assets to its 30 million users in more than 200 countries and regions. KuCoin is currently among the top 5 crypto exchanges globally.

Established in May 2018, KuCoin Labs is an investment and incubation program dedicated to in-depth market research, analysis, investment, and incubation in the crypto industry.

KuCoin Labs partnered with OOFP for value-added services in Bitcoin network

Last week, KuCoin Labs partnered with OOFP, a project within the Bitcoin ecosystem, offering value-added services for assets like inscriptions, runes, and NFTs.

OOFP employs a vault pool for mining, combining strategies like holding, staking, and DeFi to enhance asset appreciation and growth.

The project aims to create a vibrant ecosystem within the Bitcoin network, fostering asset appreciation and engagement. KuCoin Labs’ strategic partnership with OOFP signifies its commitment to supporting innovative blockchain projects. Lou Yu, head of KuCoin Labs, expressed enthusiasm, highlighting OOFP’s transformative potential in the blockchain tools landscape.

OOFP’s collaboration with KuCoin Labs will facilitate the expansion of ecosystem partnerships with all Bitcoin assets, including BIIS and DOVI. This strategic move is poised to contribute to advancements in the BTC ecosystem, improving user experience and broadening access to blockchain technologies.

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