TAPROOT LABS has received a strategic investment from WATERDRIP CAPITAL, SATOSHI LAB, and NEGENTROPY CAPITAL. TAPROOT LABS focuses on developing Bitcoin Layer 2 applications and a multi-chain asset trading platform based on the Lightning Network called TAPROOT ASSETS PROTOCOL. They have launched two product lines, TAPROOT CHAIN and TAPROOT EXCHANGE, with the aim of providing stable, high-speed, and secure application layer solutions for the $BTC ecosystem.