KuCoin Labs, the investment arm of KuCoin, plans to strategically invest in Dovi, showcasing its understanding of the Bitcoin landscape and its ongoing dedication to blockchain technology.

Dovi focuses on pioneering services for Bitcoin Layer 2, aiming to enhance user engagement and transaction efficiency within the BTC ecosystem.

This investment by KuCoin Labs signifies recognition of Dovi's capabilities and represents a significant advancement within the Bitcoin ecosystem.

According to Lou Yu, Head of KuCoin Labs, the company is committed to supporting Dovi's growth across various aspects, including product innovation, market expansion, and increasing user engagement.

As the adoption of cryptocurrencies continues to rise, numerous traditional protocols have emerged, bolstering the BTC ecosystem. KuCoin Labs' decision to allocate funds to support Bitcoin-specific traditional projects, such as Dovi, underscores its commitment to advancing the cryptocurrency industry.

Since its establishment in September 2017, KuCoin has operated as a global cryptocurrency exchange, offering over 700 digital assets and various trading services. It has garnered recognition from Forbes as one of the Best Crypto Exchanges in 2023 and received accolades from Finder's 2023 Global Cryptocurrency Trading Platform Awards.

Launched in May 2018, KuCoin Labs has attracted a community of crypto professionals, focusing on market research, analysis, and investment strategies in the crypto space.

Dovi serves as a Bitcoin Layer 2 and EVM-compatible smart contract platform designed to enhance upgradability, reduce transaction fees, and foster a more secure and decentralized financial ecosystem.