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UXUY, a decentralized multi-chain trading platform, proudly announces a significant investment from Binance Labs, marking a pivotal moment in the advancement of the Bitcoin Lightning Network ecosystem.
SINGAPORE, March 8, 2024 (GLOBE NEWSWIRE) — UXUY, the decentralized multi-chain trading platform, proudly announces a significant investment from Binance Labs, making it a pivotal player in the advancement of the Bitcoin Lightning Network ecosystem. The moment has arrived.
Binance Labs’ investment highlights the company’s commitment to supporting innovative projects like UXUY, which was selected from a competitive pool of over 1,000 projects. This strategic partnership will specifically accelerate his UXUY development initiatives within the Bitcoin Layer2 ecosystem.
As part of Binance Labs’ Season 6 incubation program, UXUY has established itself as a beacon of excellence. This recognition earned UXUY an exclusive invitation to the prestigious Istanbul Binance Blockchain Week, where the team gave a professional speech.
The collaboration between UXUY and Binance Web3 Wallet signifies a deepening of our commitment to promoting decentralized solutions. Together, the companies are actively driving the advancement of Inscription and decentralized indexers, enhancing the accessibility and functionality of blockchain technology.
A pioneer in the Bitcoin ecosystem, UXUY is behind pioneering breakthrough efforts, including the world’s first Lightning Network-based Launchpad. UXUY has established a new standard for decentralized exchange platforms by operating Lightning Network nodes.
Furthermore, the introduction of UXUY’s Lightning Address DID service and comprehensive support for Bitcoin Taproot assets solidifies Lightning Labs’ position as a core contributor. Through continuous innovation and infrastructure improvements, UXUY is shaping the future of the Bitcoin ecosystem.
UXUY’s recent seed round of $3.2 million with participation from prominent institutions such as Bixin Ventures, Waterdrip Capital, KuCoin Ventures, Mexc Ventures, and Pionex confirms investors’ confidence in the company’s vision and capabilities. Masu.
With the support of Binance Labs and a strong track record of innovation, UXUY is poised for exponential growth and continued leadership in the development of the Bitcoin Lightning Network ecosystem.
CONTACT: Jordan L Email: jordan-at-uxuy.com
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