MEXC launches a $20 million Syscoin ecosystem fund

Chain Catcher news, cryptocurrency exchange MEXC has launched a $20 million Syscoin ecosystem fund aimed at supporting the development of the Syscoin ecosystem.

It is reported that Syscoin is a Bitcoin scaling solution based on Rollup, and it has launched the first testnet of the Optimistic Rollup scaling network Rollux OPv1. After the mainnet of this network goes live, it will focus on launching a scaling network based on ZK Rollup.

Earlier, Chain Catcher reported that MEXC's fund M-Ventures completed a brand upgrade, with a scale reaching $200 million. (Source link)