A Beijing company, Linekong Interactive, known for games and films, is putting a hefty $15 million into the Bitcoin network. They’re doing this through their new fund, “BTC Next.” The news came from Wang Fang, Linekong’s founder, on November 8. He underscored the fund’s goal to speed up new projects in the Bitcoin world. The fund aims to support areas like protocols for issuing assets, trading markets, growth, virtual machines, NFTs, RWA, and GameFi.
Moreover, Linekong’s first actions include deep study and early investment in Bitcoin network ecological assets. The firm aims to release investments portfolios and keep the list of Bitcoin ecological crypto assets fresh. This action represents a big step in showing the full picture of the Bitcoin network ecosystem, which doesn’t usually have programmable features found in newer blockchains.
Meanwhile, In 2007, Linekong Interactive was founded. Seven years later, in 2014, it made its debut on the Hong Kong Stock Exchange. Originally, it was a web game company. Fast forward to 2022, Wang Fang took the CEO position. His leadership was pivotal in steering Linekong into blockchain-based ventures. Linekong’s offerings and the Web3 universe were meant to merge under this initiative. This is a tangible testament to Wang’s pledge to harness the potential of blockchain technology.
Furthermore, Linekong’s step is part of a larger pattern seen in finance where more teams introduce Bitcoin funds. It’s a response to the Bitcoin environment growing dramatically. We saw substantial growth in the Bitcoin landscape in 2023 after the crypto winter of 2022.
Similarly, This boom owes a lot to the arrival of new-age data storage styles known as Ordinals and Inscriptions. These styles let users craft special digital stuff on the Bitcoin blockchain. In June, BitKeep, renamed Bitget Wallet, let BRC-20 Bitcoin tokens be deposited and withdrawn.
Moreover, This aligns with the Ethereum ERC-20 standard. Importantly, on November 7, Binance included the well-liked BRC-20 token Ordinals (ORDI). This led to an amazing 40% one-day rise in value. The total worth of BRC-20 tokens now stands at a hefty $1.36 billion since they were first made.
Bitcoin’s Growing Influence: A Testament to Innovative Expansion
Linekong Interactive is introducing a Bitcoin fund, adding to the growing wave of finance bodies accepting Bitcoin’s role. The world keeps seeing fresh, exciting advancements. The decision by Linekong underlines Bitcoin’s growing potential. It shows its importance in building the future of digital finance and assets.
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The author’s views are for reference only and shall not constitute investment advice. Please ensure you fully understand and assess the products and associated risks before purchasing
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