KuCoin Labs officially announced its strategic cooperation with OOFP, the full protocol vault of the Bitcoin ecosystem.
OOFP is an initiative within the Bitcoin ecosystem that aims to provide value-added services to various assets, including inscriptions, runes, non-fungible tokens (NFTs), and other digital assets existing in the ecosystem.
The project is centered around the concept of an All-Protocol Vault, which represents a mining pool that utilizes the combined computing power of multiple mining machines to secure the Bitcoin network and facilitate the creation of new blocks. By pooling resources, participants can increase the efficiency and profitability of mining activities, contributing to the overall growth and security of the Bitcoin ecosystem.
In addition to mining activities, OOFP has expanded its focus to assets within the Bitcoin ecosystem, including inscriptions, runes, and NFTs. This initiative may involve implementing strategies such as holding, staking, liquidity mining, and other mechanisms to promote asset growth and value appreciation.