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Linekong Interactive, a gaming and film production company headquartered in Beijing and listed on The Stock Exchange of Hong Kong (HKEX), is allocating $15 million to invest in projects building on the Bitcoin (
$76,173.00 ) network.
Wang Fang, the founder of Linekong, said in a Nov. 8 tweet that the fund, dubbed “BTC Next,” will be used to accelerate emerging projects in the Bitcoin ( $76,173.00 ) ecosystem, including “asset issuance protocols, trading markets, expansion, virtual machines, NFT, RWA, and GameFi.”
For initial efforts, the firm would “participate in the research and investment of Bitcoin ( $76,173.00 ) network ecological assets as early as possible,” publish its investment portfolios, and update the list of Bitcoin ( $76,173.00 ) ecological crypto assets. “The panoramic curtain of the Bitcoin ( $76,173.00 ) network ecology has slowly unfolded,” BTC Next wrote. Traditionally, Bitcoin ( $76,173.00 ) lacked the programmability associated with newer blockchains such as Ethereum (
$2,319.52 ) , remaining for most periods largely unchanged from its invention in 2008.
However, the Bitcoin ( $76,173.00 ) ecosystem has expanded greatly this year with the invention of Ordinals and Inscriptions, two novel data storage methods that together, allow users to mint unique digital assets on the Bitcoin ( $76,173.00 ) blockchain.
In June, cross-chain wallet BitKeep (now Bitget Wallet) added deposit and withdrawal support for BRC-20 Bitcoin ( $76,173.00 ) tokens modeled on the Ethereum ( $2,319.52 ) ERC-20 standard. On November 7, Binance listed popular BRC-20 token Ordinals (ORDI), causing its value to surge more than 40% in a single day. BRC-20 tokens have altogether reached $1.36 billion in market cap since their inception.
更新/这件事情在我心里酝酿100天了，我们要启动一个BTC NEXT，加密市场的下一步离不开比特币网络的焕然一新。蓝港互动的成长，见过风起云涌，那时候，是和个人电脑、智能手机、互联网和游戏一起走过来的。我们的下一步，要和比特币网络的发展紧紧联系起来。
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— 小隐新十年（WangFeng） (@wangfeng_0128) November 8, 2023
Founded in 2007 in Beijing as an online gaming firm, Linekong Interactive first went public in Hong Kong in 2014. Before founding Linekong, Wang Feng was a vice president of software development at Kingsoft Software, a Chinese IT conglomerate.
Feng resigned as CEO of Linekong in 2018 to focus on blockchain, founding several projects in the nonfungible tokens, decentralized finance, and Bitcoin ( $76,173.00 ) mining space. He returned to Linekong as CEO in 2022 after an invitation from the firm’s board of directors to better integrate Linekong products with Web3.
