In a significant move underpinning its commitment to blockchain technology innovation, KuCoin Labs has announced its investment in ISSP. This investment is aimed at supporting the development of ISSP’s inscription protocol, which operates on the Sui network, known for its high throughput and scalability.
SSP is reportedly the first cross-chain inscription protocol system that integrates an inscription marketplace and inscription swap, leveraging the unique Objects model of the Sui network to naturally benefit inscription systems. ISSP initially launched the SUI-20 inscription standard protocol on the Sui network, utilizing the network node’s built-in indexer to index inscription data. This ensures the highest performance and the most stable inscription experience. ISSP supports seamless inscription deposits into exchanges, eliminating the need for additional development by exchanges to integrate the inscription protocol.
Lou YU, head of KuCoin Labs, commented: “The investment in ISSP reflects our dedication to supporting innovative blockchain technologies. The inscription protocol on the Sui network is a testament to ISSP’s ingenuity and potential in reshaping the blockchain landscape.”
The increasing popularity of inscriptions has remarked on the importance of inscriptions to communities and has brought a new paradigm to the crypto world. More than a financial venture, KuCoin Labs’ investment in ISSP is a strategic step towards fostering innovative solutions in the blockchain sector. The focus on ISSP’s inscription protocol marks a new era in blockchain technology, paving the way for more secure, efficient, and scalable blockchain applications. Both KuCoin Labs and ISSP are dedicated to pushing the envelope in blockchain technology, aiming to make a significant impact in the industry.
