The GoBTC Foundation, established by Gomining, has been officially launched to strengthen Bitcoin’s onchain ecosystem. The foundation’s creation aims to support initiatives that foster greater transaction activity and ecosystem growth.
Foundation Established to Foster Bitcoin’s Infrastructure Growth
Gomining states that the GoBTC Foundation operates as a vertically integrated entity, focusing on Bitcoin’s layer one (L1) and layer two (L2) projects. The foundation seeks to boost onchain activity, driving transaction fees that benefit bitcoin miners, whose profits diminish over time due to halvings.
The foundation informed Bitcoin.com News that it collaborates with a diverse group of partners, including mining companies, investors, foundations, and bitcoin advocates, to enhance the entire Bitcoin ecosystem. To support new projects, the foundation offers two primary programs: a Launchpad for initial token offerings (IDO) and an Accelerator, which includes a 12-week mentorship initiative.
“We see strong enthusiasm for building in the Bitcoin community,” said Gadzhi Alievskey, the head of the newly launched foundation. “Innovations like BIP420, and Ordinals have sparked new energy, enriching the Bitcoin blockchain with exciting projects and enriching its culture.”
Alievskey added:
Quote
As miners, we are excited about dapps that can drive onchain growth, as ultimately that not only makes Bitcoin more popular, but also strengthens its ecosystem through increased transaction volume.
Gomining revealed that the Launchpad connects projects to its user base of more than two million, while the Accelerator offers mentorship from industry leaders and potential investment from Gomining and affiliated venture capitalists.
Through these programs, the foundation said it aims to promote projects that bring new advancements to the Bitcoin network. Gomining also noted that the foundation has already attracted more than 40 applications from startups eager to develop on Bitcoin. The foundation remains open to further applications, aiming to boost transaction volume and enhance the ecosystem.
This approach, the foundation’s announcment highlights, reflects the continual growth of Bitcoin’s infrastructure, where innovation and partnerships drive progress. By engaging with a wide range of stakeholders and providing targeted support, the foundation seeks not only to foster development but also to reinforce Bitcoin’s practical value.
Source: https://news.bitcoin.com/gomining-launches-foundation-to-drive-innovation-in-bitcoin-l1-and-l2-projects/