Nervos debuts mainnet beta layer-two blockchain project
Public blockchain platform Nervos Network has announced the mainnet beta launch of Godwoken. The layer-two blockchain protocol integrates Ethereum Virtual Machine capabilities and optimistic rollup mechanics to provide instant transaction finality and low fees within an Ethereum-like environment. Built upon the existing Nervos layer-one network, the multichain solution seeks to capitalize on Ethereum’s well-documented drawbacks — […]
Shanghai Man: China's annual ban explained, 'crypto crash' trending … and more
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Is China banning crypto again? FUD watchers got a glimpse of an old favorite as three government bodies in China, including the China […]
Nervos and CMB International launch $50M blockchain, DeFi and NFT fund
The Nervos Foundation has announced the launch of a fund in collaboration with CMB International, a wholly-owned subsidiary of China Merchants Bank. The $50 million fund named “InNervation” will be used to make early investments in startups that are building blockchain-based user-centric products. Decentralized finance (DeFi) protocols, dApps, and nonfungible token (NFT) marketplaces will be […]
Nervos launches $5M fund to support DeFi projects
China’s Nervos Network has launched a $5 million fund to support projects building decentralized exchanges, lending platforms, and other DeFi protocols. According to a Feb. 10 announcement from Nervos, the fund will be used to provide cash grants and direct support to fintech and blockchain entrepreneurs. In particular, Nervos is looking to back Defi teams […]
Nervos launches Ethereum bridge it says devs can use right out of the box
China’s Nervos has launched a trustless bridge designed to simplify cross-chain transactions between its CKB network and Ethereum.