According to Foresight News, Web3 social center and infrastructure UXLink has recently launched the UXGroup Protocol, a community asset management protocol that adopts the Group Bound Account (GBA) concept. This protocol helps Telegram group owners provide on-chain asset management for their communities, allowing each Telegram Group to have its own EOA account and GPASS for on-chain asset management and equity distribution. Communities based on the UXGroup Protocol can own assets such as ETH, USDT, and UXUY, as well as ERC20 and ERC721 assets, and interact on-chain like individual users.
UXLink reports that over 60,000 Telegram groups have joined the UXGroup Protocol, covering more than 5 million users.