WOO has announced plans to use its Innovation Center and the WOO token to force the next expansion bankruptcy in the Bitcoin (BTC) ecosystem.
WOO, which is a high-end WOO X CEX platform and a high-end WOOFi DEX platform, unveiled its new initiative at the Token2049 week in Dubai.
According to a recently published announcement, WOO’s Europe-based innovation hub will be expanded to leverage the local WOO token to power the new era of decentralized projects on Bitcoin.
Expect greater alignment with high-potential projects in verticals such as RWA, AI, DePIN, and the BTC ecosystem: https://t. co/pIPc8sURJQ
– WOO (@WOO_ecosystem) April 16, 2024
WOO’s strategic plans will first focus on new expansion sectors such as synthetic intelligence (AI), Bitcoin L2, real-world assets (RWA), decentralized physical infrastructure networks (DePIN), and DeFi within the BTC ecosystem.
The purpose of the task is to expand alignment with WOO in those verticals, with the progression aimed at leveraging the WOO token. The projects will get grants, among other support, for paintings for those purposes, Ben Yorke, vice president of the ecosystem, said in a statement.
“Our ecosystem can provide resources, such as liquidity, market makers, users, and partners, which will create a strong flywheel effect as more high-quality developers align with WOO,” Yorke noted.
Projects or groups that register for the WOO Innovation Hub will be decided based on their commitment to AI, RWA, DeFi, and BTC L2 innovation. The criteria will also come with your skills and abilities to integrate the WOO token, Yorke added.
The Bitcoin ecosystem has attracted a lot of attention from developers in recent months, with cutting-edge projects to take advantage of the security and traction of the leading blockchain network. Experts also felt that the burgeoning BTC L2 ecosystem could become a mass market in the coming years.
In addition to the prominent sectors, there are gaming and NFTs, the latter of which has seen advancements since the launch of Bitcoin Ordinals.
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