KuCoin Labs partners with inscription bot platform ETGM

Rick Steves

ETGM’s inscription bot serves as a comprehensive solution for streamlined asset access and management across diverse blockchain platforms.

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.”

  • Read this next

    Market News

    US Market Stocks See a Dip Ahead of FOMC Minutes Announcement

    As the financial world eagerly awaits the release of the Federal Open Market Committee (FOMC) meeting minutes scheduled for today, the S&P 500 index begins trading slightly lower, marking a subtle shift in market sentiment following a prolonged rally.


    Adaptive proves that “the future of finance is in the cloud”

    “While workloads have migrated to the cloud over the past decade, some have doubted whether its latency and fault tolerance can match that of on-premises solutions – our joint testing on Google Cloud, proves that this is the case.”

    Retail FX

    Axi Select offers live trading amid “end of demo account prop firm model”

    “We genuinely empathize with the thousands of talented traders who will now be denied access to their allocated funds, and we encourage anyone using the demo trading registration model to question whether their prop firm partner will be able to continue as an ongoing concern given recent events. Unfortunately, this could be the beginning of the end for the demo account prop firm model.”

    Digital Assets

    Celsius founder Mashinsky agrees to shared lawyers with Sam Bankman-Fried

    Former Celsius CEO Alex Mashinsky has addressed potential conflicts of interest in his legal representation during a brief hearing in a New York courtroom.

    Digital Assets

    Sam Bankman-Fried captured in first jail photo

    Sam Bankman-Fried, the once-billionaire founder of FTX, has been spotted looking quite different with a new beard and a slimmer figure in a photo that’s been making rounds, reportedly taken inside New York’s Metropolitan Detention Centre.

    Market News

    Bitcoin stalls at $53,000 level, Ethereum reaches $3,000

    Bitcoin (BTC) faced renewed resistance at the crucial $53,000 level on Tuesday, indicating that the primary cryptocurrency is likely to continue consolidating before making its next decisive move.

    Digital Assets

    UK targets new laws for stablecoins and crypto staking within six months

    The United Kingdom is gearing up to enact fresh legislation regulating stablecoins and crypto staking within the next six months.


    Masa’s Milestones Before Mainnet Launch

    Since its launch in August 2022, Masa, the premier decentralized network for personal data, has experienced rapid growth, securing over 1.2 million unique wallets and accumulating more than 23 million data points. Despite a bear market, the network has attracted over 40,000 node operators to its testnet within just 18 months.

    Digital Assets

    Web3 Greatest Startup Competition Hits $10M in Prizes

    We’re thrilled to announce the return of the highly anticipated Startup Competition at Paris Blockchain Week. With a staggering array of prizes totaling over $10 million, encompassing funding, grants, credits, accelerations, listing, and more, this competition has become a cornerstone event within the blockchain startup ecosystem.