The Bold Move into Bitcoin
Linekong Interactive is making waves in the tech sector by allocating a whopping $15 million to projects based on the Bitcoin network. Who knew gaming companies would become the next Bitcoin evangelists? Founded in 2007 and listed on the Stock Exchange of Hong Kong (HKEX), Linekong is now ready to dance with crypto.
Meet BTC Next: The New Fund on the Block
Wang Fang, the founder of Linekong, took to Twitter on Nov. 8 to announce the launch of the fund, lovingly dubbed “BTC Next.” This fund aims to accelerate developments within the Bitcoin ecosystem, supporting everything from asset issuance protocols to the ever-popular NFT scene.
Diving headfirst into research and investment of Bitcoin network assets, Linekong plans to publish its investment portfolios and keep us all updated—not that you can ever get enough Bitcoin news, right?
A Historical Perspective on Bitcoin’s Evolution
Bitcoin has always been a bit like that grumpy grandparent who refuses to adapt to modern fashion. For years, it lacked the programmability that newer blockchains like Ethereum flaunt. But things are changing! This year, innovations like Ordinals and Inscriptions have revolutionized the Bitcoin landscape, allowing users to create unique digital assets. Talk about breaking the mold!
Sizzling Stats: The Rise of BRC-20 Tokens
In a surprising twist, BRC-20 tokens have hit a staggering $1.36 billion in market capitalization just a few months after their inception. This year, the cross-chain wallet BitKeep (now called Bitget Wallet) hopped on the Bitcoin train by supporting these tokens, which are delightfully modeled after Ethereum’s ERC-20 standard.
Binance Joins the Party
In a twist fit for a soap opera script, Binance decided to list the trending BRC-20 token, Ordinals (ORDI), on Nov. 7. The result? A jaw-dropping 40% surge in value in just a day—proof that crypto can be as volatile as my mood on a Monday morning!
A Leader’s Journey: From Gaming to Blockchain
Wang Fang’s journey with Linekong has been a rollercoaster. After stepping down as CEO in 2018 to explore the blockchain world, including nonfungible tokens and Bitcoin mining, he was invited back as CEO in 2022. What a comeback! It’s all about integrating Linekong products with Web3—peering into a future where gaming and blockchain go hand in hand.
The Road Ahead
Linekong’s commitment to revolutionizing the Bitcoin network reflects a broader trend of transformation in the crypto space. With their $15 million bet, they’re not just playing games; they’re participating in a serious reformation of the digital economy. So, are we witnessing the dawn of the Bitcoin gaming dynasty? Only time will tell, but I for one am here for the ride!
