According to official news, Smart Bitcoin Labs recently announced the establishment of UTXO Fund I and UTXO Fund II, with a fund size of US$5 million, focusing on investments in Bitcoin Inscription, Layer2, DeFi and other fields.
Smart Bitcoin Labs was established in March 2023. It is one of the first institutions dedicated to ordinals research, investment, and incubation. It has in-depth research and layout in the fields of Bitcoin asset protocol, Taproot, recursive inscriptions, and Bitcoin expansion solutions.