According to ChainCatcher, Bitcoin.com reported that Gomining, a Bitcoin mining service provider, announced the establishment of the GoBTC Foundation to focus on Bitcoin L1 and L2 projects. The foundation seeks to promote on-chain activities, increase transaction fees, and benefit Bitcoin miners.

The foundation said it works with various partners, including mining companies, investors, foundations, and Bitcoin advocates, to enhance the entire Bitcoin ecosystem. To support new projects, the foundation offers two main programs: IDO Launchpad and Accelerator, which includes a 12-week mentoring program.