LK Venture, a subsidiary of Blueport Interactive, announced an investment in UniSat, and Element has reached a comprehensive strategic cooperation with UniSat
LKVenture, a cryptocurrency investment and research institution under Blueport Interactive, announced that it has invested in UniSat, a Bitcoin open-source wallet and Ordinals/BRC-20 infrastructure and service provider, through the Bitcoin network ecological investment management fund BTCNEXT. UniSat has approximately 60,000 independent users and offers opportunities to deploy new trading pairs and increase liquidity.Author: LK Venture
Recently, Hong Kong-listed company Blueport Interactive (08267.HK) announced that its cryptocurrency investment and research institution, LK Venture, has made a strategic investment in UniSat, a provider of Bitcoin open-source wallets and Ordinals/BRC-20 infrastructure and services, through the Bitcoin network ecological investment management fund BTC NEXT.
At the same time, Element has also reached a comprehensive strategic cooperation with UniSat to develop a BRC20 inscription token and NFT trading market that supports Bitcoin Ordinals for community users.
As a leading player in the market, UniSat continues to open-source and optimize Bitcoin infrastructure centered on high-performance indexing, promoting the development of native protocols. Its wallet holds a significant position in the current Bitcoin Ordinals trading market. According to the latest data from Dune Analytics, UniSat wallet accounts for about 10% to 20% of market trading volume and trading time, with approximately 60,000 independent users. Additionally, UniSat's recently launched brc20-swap, as the industry's first Ordinals-native exchange platform, provides users with opportunities to deploy new trading pairs and increase liquidity.
Wang Feng, founder of Blueport Interactive and co-initiator of Element, stated that the panoramic curtain of the Bitcoin network ecosystem is gradually unfolding, where new-generation asset issuance protocols and solutions in programmability and Turing completeness will gradually take shape, potentially giving birth to a new generation of cryptocurrency markets worth hundreds of billions. We appreciate UniSat's pioneering innovations in areas such as Ordinals and BRC-20, and look forward to UniSat playing a greater role in the construction and development of the Bitcoin network ecosystem, together welcoming a new paradigm shift in the cryptocurrency market.
It is reported that in early November 2023, Blueport Interactive Group announced the launch of the Bitcoin network ecological investment management fund BTC NEXT, with a scale of $15 million. The fund will focus on investing in emerging cryptocurrency assets within the Bitcoin network ecosystem, covering areas such as asset issuance protocols, trading markets, scalability, virtual machines, NFTs, RWA, and GameFi.
This investment not only recognizes UniSat's innovative value in the Bitcoin network ecosystem but also marks an important step in Blueport Interactive Group's strategic expansion in the Web3 field. Blueport Interactive will further embrace Web3 and will highlight the participation of Hong Kong-listed companies in brand empowerment in the Web3 field, actively recommending the emerging innovative value based on the Bitcoin network ecosystem to the Hong Kong capital market.
About LK Venture:
Blueport Interactive (08267.HK) is a cryptocurrency investment and research institution focused on the Web3 field, formerly known as Consensus Lab, which emphasizes investing in cutting-edge infrastructure, trading platforms, technology protocols, and financial tools. It has invested in over a hundred projects from North America, Asia, Europe, and other regions, including FTX, Polkadot, Filecoin, Casperlabs, and Coin98.
About Element:
Element is the first multi-chain NFT marketplace and aggregator, providing over 1.5 million users with real-time data analysis, efficient trading tools, significantly reducing user trading costs, and customized collection shopping navigation. Element has secured $11.5 million in investments from companies such as Sequoia, SIG, Dragonfly, and Draper Dragon.
