TechFlow News – LK Venture, a crypto investment and research institution associated with Hong Kong-listed company Bluehole Interactive, announced it has made a strategic investment in Bitcoin L2 infrastructure MAP Protocol through its Bitcoin network ecosystem investment fund, BTC NEXT.
Deng Peng, Partner at LK Venture, said: "With the approval of Bitcoin spot ETFs, we expect significant growth in demand around the Bitcoin ecosystem. We are confident in MAP Protocol’s leading technical foundation and its capabilities in building the Bitcoin Layer 2 (L2) ecosystem. We look forward to collaborating to drive further innovation in Bitcoin’s ecosystem and DeFi applications."
Reportedly founded in 2019 and developed over five years, MAP Protocol is a Bitcoin L2 infrastructure dedicated to peer-to-peer cross-chain interoperability. By leveraging Bitcoin’s native security mechanisms and ZK-based light clients technology on Bitcoin, MAP Protocol ensures its security is backed by the Bitcoin network while enabling seamless interaction between assets and users from other public blockchains and the Bitcoin network. Currently, MAP Protocol boasts over 620,000 on-chain users and a fully developed Layer 2 ecosystem, encompassing a comprehensive suite of Bitcoin L2 applications including project launches, asset trading, lending, cross-chain asset transfers, on-chain gaming, and NFTs.
