CGV Invests in UniSat to Enhance Bitcoin Wallet Infrastructure
Tokyo-based crypto investment firm Cryptogram Venture (CGV) has made a substantial investment in UniSat, an innovative Bitcoin wallet infrastructure. This strategic move by CGV aims to bolster the capabilities of Bitcoin’s infrastructure, particularly with regard to the emerging Ordinals/BRC-20 protocol. As CGV continues to foster growth and innovation within the blockchain ecosystem, this investment is expected to have a significant impact on the market.
UniSat’s Market Presence and Technological Advancements
UniSat is currently positioned as the world’s first open-source browser extension wallet that supports the Ordinals protocol. With a reported market share of 10% to 20% in terms of trading volume and time, UniSat is at the forefront of the Ordinals/BRC-20 ecosystem. The platform boasts approximately 800,000 weekly active users, indicating its strong user base.
One notable feature of UniSat is its recent infrastructure upgrade, which enables it to handle 200,000,000 API queries daily. This impressive scaling is expected to provide robust support for upcoming markets such as Binance and Bybit, opening up avenues for growth and increased market penetration.
CGV’s Role in UniSat’s Future Prospects
CGV founder Steve recognizes the pivotal role that wallets play as gateways for users to engage with the crypto world. Understanding this significance, CGV has dedicated itself to advancing blockchain infrastructure, particularly within the Bitcoin ecosystem. The investment in UniSat aligns with CGV’s vision of shaping the future of Bitcoin’s infrastructure.
Given Japan’s prominence in the global cryptocurrency market, CGV’s strong presence and influence in Japan are expected to drive UniSat’s growth both domestically and internationally. CGV’s strategic investment in UniSat underscores its commitment to nurturing the next phase of the Bitcoin ecosystem.
About Cryptogram Venture (CGV)
CGV has a proven track record of investing in over 200 crypto projects and has played a crucial role in incubating JPYW, a licensed Japanese yen stablecoin. Additionally, CGV FoF serves as a limited partner in several renowned cryptocurrency funds, establishing a significant presence in the crypto investment landscape.
🔥 Hot Take: CGV’s Investment in UniSat Sets the Stage for Bitcoin’s Future
The recent investment made by CGV in UniSat marks a significant milestone for Bitcoin’s infrastructure. With UniSat’s position as the world’s first open-source browser extension wallet supporting the Ordinals protocol, this partnership has the potential to shape the future of Bitcoin. As CGV continues to foster growth and innovation within the blockchain ecosystem, their strategic investment in UniSat is set to drive market development and enhance the capabilities of Bitcoin’s infrastructure.
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