Nervos Ecology Fund has launched the "BTCKB" program to promote CKB as the first BTC Layer2 based on "PoW + UTXO" and incubate blockchain software company CELL Studio.
According to BlockBeats news on January 30th, the Nervos ecosystem fund announced the launch of the "BTCKB" program to bridge BTC and CKB, helping CKB become the first Bitcoin Layer2 that is fully isomorphic to BTC (based on "PoW+UTXO") and empowering BTC Layer1 with stronger smart contract capabilities. As part of the plan, the Nervos ecosystem fund announced the incubation of blockchain software company CELL Studio, founded by Cipher Wang, co-founder of Nervos. Like ConsenSys to Ethereum, CELL's mission is to promote the development and prosperity of the Nervos ecosystem.
It is reported that CELL has launched the next-generation mobile Web3 Passkey wallet JoyID, and will gradually launch a bidirectional anchoring bridge that connects BTC and CKB, a UTXO-based DEX, and plans to develop a CKB Layer2 Lightning Network to connect BTC's Lightning Network, enabling BTC Layer1 assets to flow bi-directionally in an anti-censorship, permissionless, and trustless manner. In addition, based on the atomicity and smart contract capabilities of CKB's enhanced UTXO model, CELL will promote the integration and empowerment of CKB with Layer1 protocols such as Taproot Assets and RGB.
In the future, CELL will work closely with the Nervos ecosystem fund to explore the first BTC Layer3 complete solution and UTXO-based Spore NFT protocol, Intent-based applications, and DeFi protocols based on the CKB Axon release chain framework, jointly promoting various application scenarios based on the Lightning Network, such as social applications derived from the Nostr protocol, micro-payment scenarios, and various life scenarios for cross-border payments.