CGV invests in UniSat to bolster Bitcoin wallet infrastructure, leveraging UniSat’s support for the Ordinals protocol and market presence.
Tokyo-based crypto investment firm Cryptogram Venture (CGV) has announced a significant investment in UniSat, an innovative Bitcoin wallet infrastructure. As CGV continues to foster growth and innovation within the blockchain ecosystem, this investment is poised to enhance the capabilities of Bitcoin’s infrastructure, particularly around the emerging Ordinals/BRC-20 protocol.
UniSat’s Market Impact and Technological Advancements
UniSat is carving out a strong position within the Bitcoin ecosystem as the world’s first open-source browser extension wallet supporting the Ordinals protocol. This places UniSat at the forefront of the Ordinals/BRC-20 ecosystem, with a current market share of 10% to 20% in terms of trading volume and time, as reported by Dune Analytics. The platform boasts approximately 800,000 weekly active users, demonstrating its substantial user base.
The recent infrastructure upgrade of UniSat is particularly noteworthy, with the capacity to handle 200,000,000 API queries daily. This impressive scaling is set to provide robust support for the forthcoming Binance and Bybit markets, suggesting significant potential for growth and increased market penetration.
CGV’s Role and Future Prospects
CGV founder Steve has emphasized the firm’s dedication to the technological advancement of blockchain infrastructure, particularly within the Bitcoin ecosystem. The investment firm understands the critical role wallets play as a gateway for users to interact with the crypto world, and thus, recognizes UniSat’s potential in shaping the future of Bitcoin’s infrastructure.
With Japan being a key player in the global cryptocurrency market, CGV’s strong presence and influence in the Japanese market are anticipated to drive UniSat’s growth both locally and internationally. CGV’s strategic investment in UniSat signifies its commitment to nurturing a new phase in the Bitcoin ecosystem.
About Cryptogram Venture (CGV)
Since its inception, CGV has invested in over 200 crypto projects and has been instrumental in incubating a licensed Japanese yen stablecoin, JPYW. CGV FoF, as a limited partner in several globally renowned cryptocurrency funds, has established a significant presence in the crypto investment landscape.
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