According to PANews, the first Rune Improvement Protocol, BCatVM V1, has been officially launched. The single-letter C asset is currently being minted. This protocol is based on OP_CAT and EVM, offering a fair and programmable rune protocol with features such as no pre-mining, unlimited name length, no hard-coded runes, and improved EVM capabilities. The protocol assets, BRIDGE•OP•CAT•RUNES, have already been fairly launched within the rune ecosystem. The introduction of BCatVM signifies a further enhancement of the Bitcoin ecosystem infrastructure, enabling developers to issue tokens using runes and build decentralized finance (DeFi) and other applications.