CGV invests in UniSat to strengthen its Bitcoin wallet infrastructure, leveraging UniSat’s Ordinals protocol support and market presence.
Cryptogram Venture (CGV), a Tokyo-based cryptocurrency investment firm, announced a significant investment in UniSat, an innovative Bitcoin wallet infrastructure. As CGV continues to foster growth and innovation within the blockchain ecosystem, this investment is poised to enhance the capabilities of Bitcoin infrastructure, particularly around the emerging Ordinals/BRC-20 protocol.
UniSat’s market impact and technological advancements
UniSat holds a strong position within the Bitcoin ecosystem as the world’s first open source browser extension wallet supporting the Ordinals protocol. As reported by Dune Analytics, UniSat is at the forefront of the Ordinals/BRC-20 ecosystem with a current market share of 10-20% in terms of trading volume and time. The platform boasts around 800,000 weekly active users, demonstrating a significant user base.
UniSat’s recent infrastructure upgrade is particularly notable for its capacity to handle 200,000,000 API queries per day. This impressive expansion provides strong support for the upcoming Binance and Bybit markets, suggesting significant growth potential and increased market penetration.
CGV’s role and future prospects
CGV founder Steve emphasized the company’s commitment to technological advancements in blockchain infrastructure, particularly within the Bitcoin ecosystem. The investment firm understands the important role wallets play as a gateway for users to interact with the cryptocurrency world, and therefore recognizes UniSat’s potential in shaping the future of Bitcoin infrastructure.
With Japan being a key player in the global cryptocurrency market, CGV’s strong presence and influence in the Japanese market is expected to drive UniSat’s growth both domestically and internationally. CGV’s strategic investment in UniSat signals CGV’s commitment to fostering a new phase in the Bitcoin ecosystem.
Introduction to Cryptogram Venture (CGV)
Since its founding, CGV has invested in more than 200 cryptocurrency projects and has played a key role in cultivating JPYW, a licensed Japanese yen stablecoin. CGV FoF has established a significant presence in the cryptocurrency investment environment as a limited partner of several world-renowned cryptocurrency funds.
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