CGV is investing in UniSat to strengthen the 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 drive growth and innovation within the blockchain ecosystem, this investment is poised to enhance the capabilities of Bitcoin’s infrastructure, especially around the emerging Ordinals/BRC-20 protocol.
UniSat’s market impact and technological advancements
UniSat takes a strong position within the Bitcoin ecosystem as the world’s first open-source browser extension wallet to support the Ordinals protocol. This puts 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 significant user base.
UniSat’s recent infrastructure upgrade is particularly notable, with the capacity to process 200,000,000 API queries daily. This impressive increase in scale will provide robust support for the upcoming Binance and Bybit markets, indicating significant growth potential and greater market penetration.
The role and future prospects of CGV
CGV founder Steve has emphasized the company’s commitment to the technological advancement of blockchain infrastructure, particularly within the Bitcoin ecosystem. The investment firm understands the critical role that wallets play as a gateway for users to interact with the crypto world, and therefore recognizes UniSat’s potential in shaping the future of Bitcoin infrastructure.
With Japan being a major player in the global cryptocurrency market, CGV’s strong presence and influence in the Japanese market is expected 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 founding, CGV has invested in over 200 crypto projects and was instrumental in incubating a licensed Japanese yen stablecoin, JPYW. CGV FoF, as a limited partner in several globally renowned cryptocurrency funds, has built a significant presence in the crypto investment landscape.
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