PANews reported on November 12 that according to official news, OKX Ventures announced its investment in Corn, marking an important step in introducing Bitcoin applications in the Ethereum ecosystem. Corn is based on Arbitrum and integrates Coinbase support, enabling BTC holders to access the Ethereum DeFi ecosystem. Through a unique, secure and sustainable approach, Corn is reported to maximize the potential of Bitcoin and has achieved several important milestones, such as becoming the first Ethereum L2 network to use hybrid tokenized Bitcoin (BTCN) as a gas fee, and the first network to achieve Bitcoin security through Babylon and support BTC LST liquidity.
The core of Corn's innovation is BTCN, a hybrid tokenized Bitcoin backed by native BTC 1:1. This unique model allows BTC holders to use BTC to pay for gas fees in the Ethereum DeFi ecosystem, maintaining the core value of Bitcoin. Users can cross-chain BTC to the Ethereum ecosystem with just one click. The ecosystem development of the Corn network is driven by the staking program of its CORN token (popCORN), enabling community members to direct their earnings into ecological applications. This approach ensures the sustainable growth of the network and incentivizes community members to actively participate in the development of the network. Earlier news, Corn completed a $6.7 million financing in August this year.
