Cryptocurrency exchange Okcoin has launched the “Bitcoin Odyssey,” a one-year pledge to invest $165 million into solutions that accelerate bitcoin (BTC) adoption.

⠀

Funded by multiple firms, including Digital Currency Group, GSR, and White Star Capital, Bitcoin Odyssey will allocate capital and resources to emerging projects developed on Stacks, an open-source network for decentralized apps and smart contracts built on the Bitcoin blockchain.

⠀

In addition to Bitcoin and Stacks-focused projects, the Bitcoin Odyssey will support solutions across Web3, such as the metaverse, decentralized autonomous organizations (DAOs), DeFi, NFTs, blockchain-based gaming, Citcycoins, and govtech.

⠀

“The Bitcoin Odyssey is recalibrating capital and resources back to the foundation of cryptocurrency, and that starts with Bitcoin and Stacks,” said Alex Chizhik, Okcoin’s Head of Listings and Community.

⠀

“While the rise of NFTs and altcoins dominated public attention in 2021, there is still a lot of work to be done for digital assets to be adopted globally in meaningful ways. As the only currency that is truly decentralized, we believe bitcoin should remain at the epicenter of crypto adoption,” he added.

⠀
For more from us at Waivly, join our free fun-to-read and to-the-point newsletter enjoyed by hundreds of people across the internet every day of the week 👇