According to official news, OKX Ventures has announced its investment in Corn, marking an important step in the introduction of Bitcoin applications in the Ethereum ecosystem. Corn is based on Arbitrum and integrates the support of
Coinbase, making it easy for BTC holders to access the Ethereum DeFi ecosystem. In a unique, secure and sustainable way, Corn maximizes the potential of Bitcoin and has achieved several important milestones, such as becoming the first Ethereum L2 network to use hybrid tokenization of Bitcoin (BTCN) as a gas fee, and the first network to implement Bitcoin security through Babylon and support BTC LST liquidity.
At the heart 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 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 facilitated by the staking program of its CORN token (popCORN), enabling community members to channel proceeds into ecosystem applications. This approach ensures the sustainable growth of the network and motivates community members to actively participate in the development of the network.