KuCoin Labs partners with inscription bot platform ETGM

KuCoin Labs, operating as an investment and incubation program within the KuCoin ecosystem, has partnered with ETGM, a project that introduces a multi-chain inscription bot on Telegram, offering users a versatile platform for inscriptions and aggregated transactions across major blockchains such as Bitcoin, Ethereum, Polygon, Solana, and Cosmos.

ETGM’s inscription bot serves as a comprehensive solution for streamlined asset access and management across diverse blockchain platforms. The project places a strong emphasis on community engagement, fostering interaction, and collaboration among its members through various activities and reward mechanisms.

The alliance between KuCoin Labs and ETGM is poised to advance the BTC ecosystem, elevating user experience and expanding accessibility to blockchain technologies.

Lou Yu, head of KuCoin Labs, commented, “The strategic partnership between KuCoin Labs and ETGM aligns with our commitment to supporting innovative blockchain projects. ETGM’s vision and technology have the potential to transform the way we interact with blockchain tools, and we’re thrilled to be part of this journey.”

KuCoin Labs in series of investments

KuCoin Labs brings together crypto experts for comprehensive market research, analysis, investment, and incubation of early-stage projects, contributing to sustainable growth in the decentralized world.

The incubator arm of KuCoin has recently invested in ISSP to support the development of ISSP’s innovative inscription protocol, operating on the cutting-edge Sui network, renowned for its high throughput and scalability.

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.

KuCoin Labs also 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.

Most recently, KuCoin Labs announced a strategic investment in DeMR, a decentralized Mixed Reality (MR) infrastructure network (MR-DePIN) built on the Solana Chain.

DeMR sets itself apart by seamlessly integrating MR and offering assets like Compass NFTs, Land NFTs, and Node License NFTs. These assets build connections within the DeMR ecology, enhancing real-world influence and economic value.

KuCoin, as a global cryptocurrency exchange, aims to thrive alongside DeMR and collaboratively unlock more opportunities for users in the future. The strategic investment underscores KuCoin’s recognition of the potential in the DePIN track and its commitment to the future deavelopment of the crypto industry.

MR stands for Mixed Reality, which is a blend of both augmented reality (AR) and virtual reality (VR). Mixed Reality combines elements of the physical world with digital content, allowing users to interact with both real and virtual environments simultaneously. MR enhances the user experience by seamlessly integrating computer-generated information into the real world.

MR-DePIN refers to the decentralized Mixed Reality infrastructure network. Specifically, MR-DePIN is built on the Solana blockchain. The term “DePIN” stands for “Decentralized Physical Infrastructure Network.”