What are WOO’s plans to bolster the BTC ecosystem?

According to a recent announcement, WOO’s innovation center in Europe will be expanded to harness the potential of the WOO token in driving decentralized projects on Bitcoin. This move is in line with WOO’s leading CEX and DEX platforms, WOO X and WOOFi.

“We are excited to expand the innovation hub to increase the number of WOO-aligned product lines. Expect greater alignment with high-potential projects under verticals such as RWA, AI, DePIN, and the emerging BTC ecosystem.”

WOO’s strategic plans will initially target new growth verticals such as artificial intelligence (AI), Bitcoin L2s, Real World Assets (RWA), and Decentralized Physical Infrastructure Networks (DePIN and DeFi). The development of these projects will be supported by grants and other resources provided by WOO’s ecosystem.

“Our ecosystem can provide resources, such as access to liquidity, market makers, users, and partners, which will create a powerful flywheel effect as more high-quality builders become aligned with WOO,” said Ben Yorke, VP Ecosystem at WOO.

The projects selected to participate in the WOO Innovation Hub will be chosen based on their commitment to AI innovation, RWA, DeFi, and BTC L2 technology, as well as their ability to integrate WOO tokens. This shows WOO’s dedication to promoting innovation and growth within the Bitcoin ecosystem.

The Bitcoin ecosystem has been gaining attention from developers, with new and innovative projects seeking to leverage the network’s security and traction. Some experts even predict that the booming BTC L2 ecosystem could become a major market in the years to come. Additionally, areas such as gaming and NFTs have also seen significant developments since the launch of Bitcoin Ordinals.