Singapore, Singapore, January 30, 2024, FinanceWire
InNervation, the Nervos ecosystem fund, today announced the launch of the “BTCKB” initiative and the incubation of blockchain software company CELL Studio.
The “BTCKB” initiative aims to tightly connect Bitcoin and the CKB blockchain. By harnessing the power of their similarities, Proof-of-Work consensus, and UTXO models, CKB advances the Bitcoin blockchain with powerful new smart contract capabilities, bringing BTC, Taproot, and RGB assets to CKB can.
InNervation has taken the first step to implement this plan and established CELL Studio. A blockchain software company led by Nervos co-founder Cipher Wang.
“We have seen what ConsenSys has brought to the Ethereum ecosystem, building critical infrastructure like Infura and Metamask. CELL’s mission is similar: to help the Nervos ecosystem grow and thrive. Developing innovative products that facilitate
In November, the CELL team announced JoyID, an innovative Web3 Passkey wallet. JoyID has attracted over 150,000 users with an industry-leading user experience. The team is currently aiming to build on this success further, developing a bridge and UTXO-based DEX to connect BTC and CKB, and creating a CKB payment channel network that connects to the Lightning Network. I’m making plans.
“We have some exciting ideas and a lot of work ahead of us. The overwhelming interest in connecting CKB and BTC is motivating us, and we are looking forward to working with Layer 3 solutions, Nostr integration, There are a number of different directions that CELL could explore, such as micropayments, or intent-based dApps. Bitcoin has always served as a technological inspiration for CKB, and we are excited about the possibilities it creates together. We believe we can change the chain industry.”
For more information about CELL, please visit https://cell.studio/.
Learn more about InNervation https://innervation.fund
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