The Stacks Asia Foundation, a newly established foundation focused on cultivating the Stacks ecosystem in Asia, has raised $15 million in funding from private investors. The foundation aims to enhance Bitcoin's decentralized finance potential through Stacks' Layer-2 solutions and plans to engage with influential figures in Asian markets to foster innovation and increase access to the Stacks ecosystem. The foundation's launch coincides with Stacks reaching a milestone of over 1,400 monthly smart contract interactions and prepares the platform for further growth as the Nakamoto upgrade, which promises improved transaction speeds and settlement times, nears completion. The STX token has seen a 4% increase in price and the market sentiment is positive, with expectations of collaboration with significant market entities in Asia.



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