According to BlockBeats, on September 9, Bitroot Network announced that it had received a $1 million investment from Moore Labs, aiming to promote the development of the Bitcoin ecosystem financial network. This investment not only reflects Moore Labs’ further layout in the field of digital assets, but also provides Bitroot Network with opportunities to expand the market and enhance its influence, consolidating its important position in the Bitcoin financial ecosystem. This funding will bring greater development space to Bitroot Network.
Bitroot Network is a decentralized platform that focuses on asset issuance and core financial networks in the Bitcoin ecosystem, providing core asset issuance, wealth management and innovative application services.
Moore Labs was initiated by the Singapore Moore Foundation and manages approximately US$500 million in digital assets. It is committed to simplifying the investment and entrepreneurship process, providing an efficient support platform for investors and start-ups, and promoting innovative projects in the cryptocurrency field.
