Nervos announced strategic cooperation with Polychain fund

During the busy preparation for the official mainnet launch and deployment, the Nervos team made the community extremely surprised and excited when working with Polychain Capital. This unit will join the Nervos ecosystem, support community building and help bring Nervos technology closer to the community.

In addition, Polychain plans to invest US $ 5.7 million in the upcoming CKByte sale, which will be held on the CoinList on October 16 and is still open for registration.

Polychain previously invested in Nervos in early 2018, part of a $ 28 million funding round. Companies participating in this round of funding include China Sequoia, CMBI and many other venture capital firms.

Olaf, Carlson-Wee, founder and CEO of Polychain share: “Data storage technology of Nervos is positioned as one of the most interesting and biggest projects currently in Asia.

In an interview, Polychain Capital chairman Joseph Eagan said it was still too early to make a decision that hedge funds should join the node and mine cryptocurrencies from Nervos project. But he added that this could be one of the fund’s most effective investments.

Eagan said: “This is one of the most comprehensive projects not only in Asia but also in the whole world.”

When asked about Nervos combining multiple technical layers to solve Bitcoin’s scaling problem with Ethereum’s peers, he said: “I think the ability to create smart contracts similar to ethereum is very confusing. book… And from a technical perspective, Nervos and the accompanying tokens are really something very different now. ”

Amid periods of war, political tensions and economic instability, cryptocurrencies seem to be becoming a safer tool to store value. “We believe in blockchain, the power of this technology is not the processing of transactions but data storage,” said Nervos co-founder, Kevin Wang. “The team’s CKB layer is designed to create a secure platform, and create a secure value storage mechanism, providing an anti-inflation solution for the network’s tokens.”