According to Odaily, Bitcoin mining service provider Gomining has announced the establishment of the GoBTC Foundation, a vertically integrated entity focused on Bitcoin Layer 1 (L1) and Layer 2 (L2) projects. The foundation aims to promote on-chain activities, increase transaction fees, and benefit Bitcoin miners.

The GoBTC Foundation collaborates with various partners, including mining companies, investors, foundations, and Bitcoin advocates, to strengthen the overall Bitcoin ecosystem. To support new projects, the foundation offers two main programs: an IDO Launchpad and an accelerator, which includes a 12-week mentorship program.