OKX Ventures announces investment in the first Bitcoin-native data availability layer project, Nubit

ChainCatcher news, OKX Ventures announced its investment in the first scalable Bitcoin native data availability layer project, Nubit. Nubit is capable of expanding Bitcoin's data capacity, supporting applications such as Ordinals, Layer 2, price oracles, and indexers, thereby broadening the scope and efficiency of the Bitcoin ecosystem.

Dora, the founder of OKX Ventures, stated, "We are excited to participate in the investment in Nubit, which addresses important pain points in the BTC ecosystem such as high GAS fees. Its technological solutions in trust minimization, increased data throughput, and improved data accessibility meet the growth needs of Bitcoin ecosystem projects, paving the way for large-scale applications of Bitcoin. Nubit’s testnet will empower more Bitcoin ecosystem projects."