Okcoin and Stacks (STX) set up multi-million dollar fund

The crypto exchange Okcoin and the start-up Stacks (STX) are working together to expand the Bitcoin network as the new hub of Web 3.0.

In a tweet, Stacks founder Muneeb Ali announced that the $165 million Bitcoin Odyssey project is backed by companies including Digital Currency Group , GBV Capital , White Star , GSR , and others. Okcoin led the project.

Stacks (STX) was founded with the idea of bringing smart contracts and NFTs to the Bitcoin network. The token skyrocketed following the announcement, posting growth of over 30 percent on the day.

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