Smart Bitcoin Labs launches two $5 million Bitcoin ecosystem funds

ChainCatcher news, Smart Bitcoin Labs announced on platform X that it has established UTXO Fund and UTXO Fund II, with a fund size of 5 million USD, focusing on investments in areas such as Bitcoin inscriptions, Layer 2, and DeFi.

It is reported that Smart Bitcoin Labs was founded in March 2023 and is one of the early institutions dedicated to ordinals research, investment, and incubation.