KuCoin Labs, the venture capital arm of the KuCoin ecosystem, has made a strategic investment in the Bitcoin Layer 2 smart contract platform Dovi to support the development of the Bitcoin ecosystem. KuCoin Labs aims to assist Dovi in achieving its important milestones, including product innovation, market expansion, and improving user experience. This investment demonstrates KuCoin Labs' commitment to the long-term growth of the cryptocurrency industry. KuCoin Labs has previously invested in early-stage projects and has a dedicated fund to support Bitcoin-native projects. The company also invites other Bitcoin-native projects to apply for financing or incubation through its official website. In addition to this investment, KuCoin Labs has partnered with the Digital Assets Regulation Institute to promote regulatory clarity and coherence in the industry. KuCoin Labs has also launched a $100 million fund for early-stage metaverse projects.
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