According to official news, Copycat Finance officially announced today that it has received strategic investment from Openpad, with a valuation of US$60 million. Both parties will jointly explore the BRC20 world.
It is understood that Openpad is an innovative AI decentralized Launchpad; Copycat is a DEX incubated by Binance Labs. It has previously launched Bitcat, an inscription DEX based on BRC20, and launched IDO on Bakeswap on January 2.
Copycat believes that in the Inscription Track, Bitcat’s Rollup solution will significantly reduce user transaction costs and provide more possibilities for the development of the Bitcoin ecosystem. At the same time, Bitcat will try more diversified product forms to enhance Bitcat’s competitiveness in the market.