According to Odaily Planet Daily, Bitcoin mining service provider Gomining announced the establishment of the GoBTC Foundation, a vertically integrated entity focusing on Bitcoin L1 and L2 projects.

The Foundation seeks to boost on-chain activity, increase transaction fees, and benefit Bitcoin miners. The Foundation works with mining companies, investors, foundations, and Bitcoin advocates to enhance the Bitcoin ecosystem.

To support new projects, the foundation offers two main programs: IDO Launchpad and the Accelerator, which includes a 12-week mentoring program.