WOO unveils innovation hub centered on Bitcoin’s ecosystem

• WOO plans innovation hub enlargement to bolster Bitcoin’s ecosystem
• The brand new initiative will concentrate on tasks bringing Bitcoin Layer-2s, RWA, DeFi, AI and DePIN to the Bitcoin ecosystem.

WOO has introduced plans aimed toward utilizing its innovation hub and the WOO token to energy the subsequent progress chapter for the Bitcoin (BTC) ecosystem.

WOO, which contains a prime CEX platform WOO X and prime DEX platform WOOFi, revealed its newest initiative at Token2049 week in Dubai.

What are WOO’s plans to bolster BTC ecosystem?

In keeping with a just lately printed announcement, WOO’s Europe-based innovation middle might be expanded to faucet into the native WOO token’s potential in driving the brand new period of decentralized tasks on Bitcoin.

We’re excited to increase our innovation hub to vastly improve the variety of WOO-aligned merchandise within the coming months.

Anticipate better alignment with high-potential tasks underneath verticals akin to RWA, AI, DePIN, and the rising BTC ecosystem: https://t.co/pIPc8sURJQ

— WOO (@WOO_ecosystem) April 16, 2024

WOO’s strategic plans will initially goal new progress verticals akin to synthetic intelligence (AI), Bitcoin L2s,  Actual World Belongings (RWA), Decentralized Bodily Infrastructure Networks (DePIN) and DeFi throughout the BTC ecosystem.

The mission’s objective is to ramp up WOO-aligned merchandise throughout these verticals, with improvement centered on leveraging the WOO token. Tasks will obtain grants amongst different help, to work on these targets, Ben Yorke, VP of Ecosystem, mentioned in a press release.

“Our ecosystem can present assets, akin to entry to liquidity, market makers, customers, and companions, which can create a strong flywheel impact as extra high-quality builders turn into aligned with WOO,” Yorke famous.

Tasks or groups that be part of the WOO Innovation hub might be chosen on the idea of their dedication to AI, RWA, DeFi, and BTC L2 innovation. The factors can even embrace their capability and talent to combine the WOO token, Yorke added.

The Bitcoin ecosystem has attracted loads of developer consideration in latest months, with modern tasks trying to faucet into the highest blockchain community’s safety and traction. Specialists have additionally opined that the burgeoning BTC L2 ecosystem could possibly be an enormous market in coming years.

In addition to the highlighted sectors, there’s gaming and NFTs, the latter seeing nice developments for the reason that launch of Bitcoin Ordinals.