WOO has revealed plans to expand its innovation hub to encourage the growth of WOO-aligned products in important crypto industry growth areas.
The European-based hub will investigate prospects in other high-growth verticals such as Decentralized Finance (DeFi), Real World Assets (RWA), Artificial Intelligence (AI), and more, with an initial focus on strengthening the Bitcoin (BTC) ecosystem.
According to WOO, this is better positioned to benefit from the predicted cryptocurrency bull market.
With more than $13 billion in total trade volume and more than 250,000 active monthly users, WOO already has a strong product ecosystem that includes the well-known WOOFi DEX protocol and the widely known WOO X centralized exchange.
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Ben Yorke, Vice President of Ecosystem at WOO, announced the availability of grants for worldwide teams at the recent Token2049 conference.
He said that “the aim is not to acquire ownership of their projects and as such welcome proposals in any format.
Alongside the grants, our commitment extends to empowering these promising startups to scale by providing our expertise and valuable industry connections”.
“This comprehensive support system is designed to foster their growth and success, while spreading our vision of building with integrity, to improve user access to innovative tools and global opportunities”, Yorke added.
Projects centered around Real World Asset (RWA) tokenization, Decentralized Finance (DeFi), Artificial Intelligence (AI), Layer-2 solutions for Bitcoin, and Decentralized Physical Infrastructure Networks (DePIN) are the focus of these grants according to WOO.
Beyond the grants, WOO further stated that they will support promising businesses by providing their expertise and valued industry experience.
This all-inclusive support structure helps partner initiatives thrive and expand, which is in line with WOO’s mission of “building with integrity” to improve user access to cutting-edge resources and international possibilities.
Per the statement from WOO, teams can email their proposals to ecosystem@woo.network if they are interested in joining the WOO innovation center.
Selection criteria include the capacity to effortlessly integrate WOO as a central component of their project and a dedication to innovation across the specified growth verticals.
