According to BlockBeats, on September 9, Bitroot Network announced that it has received a $1 million investment from Moore Labs. This funding aims to advance the development of the Bitcoin financial ecosystem. The investment not only signifies Moore Labs' further expansion in the digital asset sector but also provides Bitroot Network with opportunities to expand its market presence and enhance its influence, solidifying its important position within the Bitcoin financial ecosystem. This capital injection will offer Bitroot Network greater growth potential.
Bitroot Network is a decentralized platform focused on asset issuance and core financial networks within the Bitcoin ecosystem. It provides services for the issuance of core assets, wealth management, and innovative applications.
Moore Labs, initiated by the Singapore-based Moore Foundation, manages approximately $500 million in digital assets. The organization is dedicated to simplifying investment and entrepreneurial processes, offering an efficient support platform for investors and startups, and promoting innovative projects in the cryptocurrency field.
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