The GoBTC Foundation, founded by Gomining, has officially launched to strengthen Bitcoin’s onchain ecosystem. The foundation’s creation aims to support initiatives that promote trading activity and grow the larger ecosystem.
Fund created to promote Bitcoin infrastructure development
Gomining claims that the GoBTC Foundation operates as a vertically integrated entity, focusing on Bitcoin's layer one (L1) and layer two (L2) projects. The foundation seeks to promote on-chain activity, boosting transaction fees in favor of bitcoin miners, whose profits are decreasing over time due to halving.
The fund told Bitcoin.com News that it works with a diverse group of partners, including miners, investors, funds, and bitcoin advocates, to advance the entire Bitcoin ecosystem. To support new projects, the fund offers two main programs: Launchpad for initial token offerings (IDOs) and Accelerator, which includes a 12-week mentorship initiative.
“We see a strong enthusiasm for building in the Bitcoin community,” said Gadzhi Alievskey, head of the newly launched fund. “Initiatives like BIP420 and Ordinals have sparked new energy, enriching the Bitcoin blockchain with interesting projects and enriching its culture.”
Alievskey added:
As miners, we are excited about decentralized applications that can drive on-chain growth, as it not only makes Bitcoin more popular but also strengthens its ecosystem through increased transaction volume.
Gomining revealed that Launchpad connects projects with a user base of over two million people, while Accelerator provides mentorship from industry leaders and potential investment from Gomining and affiliated venture capitalists.
Through these programs, the fund said it wants to promote projects that bring new advances to the Bitcoin network. Gomining also noted that the fund has attracted more than 40 applications from startups looking to develop on Bitcoin. The fund is still open to further applications, with the aim of increasing trading volume and improving the ecosystem.
This approach, the fund’s announcement emphasizes, reflects the continued development of Bitcoin infrastructure, where innovation and partnerships drive progress. By collaborating with multiple stakeholders and providing targeted support, the fund seeks not only to foster development but also to strengthen the real-world value of Bitcoin.
What do you think about the newly launched platform? Please share your thoughts and opinions on this topic in the comments section below.
#binance #wendy #bitcoin #eth #crypto $BTC $ETH $BNB
