On November 8th, Wang Fang, the founder of Linekong, made a surprising announcement. He revealed the establishment of a fund called “BTC Next” aimed at supporting new projects within the Bitcoin ecosystem. These projects encompass various aspects such as asset issuance protocols, trading markets, scalability, virtual machines, NFTs (Non-Fungible Tokens), RWA (Real World Assets), and GameFi.
While Bitcoin is traditionally seen as lacking in programming capabilities compared to newer blockchains like Ethereum, the Bitcoin ecosystem has been expanding significantly this year. This expansion includes the emergence of Ordinals and Inscriptions, two innovative methods of storing data that allow users to create unique digital assets on the Bitcoin blockchain.
In June, the cross-chain wallet Bitget Wallet started supporting deposits and withdrawals for BRC-20 tokens, which are designed to mirror the ERC-20 standard of Ethereum. On November 7th, Binance announced the listing of the BRC-20 token Ordinals (ORDI). This move has provided strong momentum for the BRC-20 token ecosystem’s growth.
It’s worth noting that Linekong Interactive, founded in 2007 in Beijing, is an online gaming company that went public on the Hong Kong Stock Exchange in 2014. Before establishing Linekong, Wang Feng served as the Vice President of Software Development at Kingsoft Software, a Chinese IT conglomerate.