Nervos Network: A Quick Overview
Nervos Network is not just another blockchain project; it’s an open-source public blockchain initiative designed to foster innovation in decentralized applications. Founded by the brains behind Spark Pool, the world’s largest Ether (ETH) mining pool, Nervos is now making headlines with its mainnet launch.
Mainnet ‘Lina’ Goes Live
On November 6, Nervos Network announced the fully-developed mainnet termed “Lina.” For miners and developers eager to dive in, the network will officially be operational starting November 16. Talk about a high-stakes debut!
Token Sale Success
Here’s a plot twist: the token sale for Nervos via CoinList kicked off on October 16 and quickly turned into a blockbuster! Outstripping its initial goal of $67.2 million, Nervos ended up raising a whopping $72 million. Investors didn’t just open their wallets for nothing; they got their hands on 21.5% of the initial token supply, with big names like China Merchants Bank International (CMBI) and Polychain Capital joining the party.
CMBI’s Ambitious Plans
So, what’s CMBI planning with Nervos? Word on the street is that they aim to harness the blockchain to develop fintech applications catering to both retail and institutional clients. Sounds like a recipe for success!
What’s Next for Nervos?
After the mainnet launch, Nervos has ambitious plans lined up for 2020. From unveiling their roadmap to expanding their bounty program and grant system, it looks like they’re not slowing down anytime soon. Ecosystem development initiatives and a core community program are also on the agenda, showcasing Nervos Connect’s commitment to growth.
Funding Boost and Future Outlook
If you thought the excitement was dwindling, think again. Earlier this year, Nervos raised $28 million from various blockchain-related enterprises, including the esteemed Sequoia China and Polychain Capital. Co-founder and chief architect Jan Xie noted that this funding will help them “move full speed ahead” in creating an infrastructure that reduces the cost for enterprises developing blockchain applications. With a combined valuation soaring to $100 million, Nervos is poised for significant expansion.
