OKX Ventures announced investment in UTXO Stack's seed round

ChainCatcher news, OKX Ventures announced its seed round investment in UTXO Stack.

It is reported that UTXO Stack is a modular BTC Layer 2 blockchain launch platform at the forefront of expanding the Bitcoin ecosystem, enabling developers to easily launch UTXO model-based BTC Layer 2 solutions. UTXO Stack inherits the excellent technical architecture of Nevos and the RGB++ protocol, incorporating advanced architectures such as One-Time Seals, Client-Side Validation, and Homomorphic Bindings, providing a one-click service to launch UTXO BTC Layer 2 with interoperability achieved without the need for cross-chain bridges.

Dora, the founder of OKX Ventures, said, "UTXO Stack provides more possibilities and technical choices for the Bitcoin ecosystem, unlocking the technical potential brought by the Nevos and RGB++ protocols, allowing more developers to build BTC ecosystem-native RGB++ Layer 2 with low barriers to entry. UTXO Stack offers developers the possibility of asset issuance on UTXO and high-performance Appchains, potentially bringing more scalability, lower user thresholds, and more interesting native innovations to the Bitcoin ecosystem. We will continue to monitor the progress of UTXO Stack."