WOO Sets Up Crypto-Focused Innovation Center

WOO, a leading crypto platform, has announced the establishment of an innovation center focused on driving innovation within the Bitcoin ecosystem. The center aims to explore emerging sectors such as Artificial Intelligence (AI) and Layer-2 technologies, and will offer grants to projects that utilize the WOO token. This move positions WOO to capitalize on the expected growth of the cryptocurrency market. WOO’s product ecosystem includes the WOOFi protocol, a popular DEX protocol, and WOO X, a centralized cryptocurrency exchange. These platforms play a crucial role in increasing the utility of the WOO token and driving innovation. The organization plans to expand its range of WOO-aligned products in the coming months and adopt a more decentralized framework for ecosystem expansion and governance. The innovation hub will provide grants to global teams focusing on various sectors, including Real World Assets (RWA), Decentralized Finance (DeFi), AI, Bitcoin Layer-2 solutions, and Decentralized Physical Infrastructure Networks (DePIN). The hub aims to nurture projects that incorporate the WOO token and provide resources, such as liquidity, market makers, users, and partners, to foster growth and development. WOO’s objective is to empower emerging startups by offering expertise and industry connections, while also promoting integrity and global access to innovative tools and opportunities.