As we prepare for our public sale and mainnet launch, we are thrilled to announce a strategic partnership with Polychain Capital. Polychain will actively participate in the Nervos ecosystem, helping to build community and drive adoption and awareness, especially in the US and western hemisphere.
Additionally, Polychain intends to invest 5.7 million USD in our upcoming CKByte public sale, being held on CoinList on October 16 and currently open for registration.
Polychain previously invested in Nervos in early 2018, as part of a $28 million USD institutional round of financing that also included participation from Sequoia China, CMBI, and other top venture capitalists.
Olaf Carlson-Wee, Polychain’s founder and CEO, confirms that “the Nervos store of value framework positions it as one of the strongest and most interesting projects coming out of Asia.”
In speaking to CoinDesk, Polychain Capital president Joseph Eagan said it’s too early to decide whether his hedge fund will run a node or mine cryptocurrency for the Nervos project. But, he added, this could turn out to be one of the fund’s most lucrative investments.
“It’s one of our highest conviction projects, not just in Asia but globally,” Eagan said.
Describing how Nervos combines some of bitcoin’s layered scaling approach with ethereum’s malleable smart contracts, he added “I think the ability to create smart contracts similar to ethereum is very compelling. … From a technological perspective, Nervos and the underlying token offer something truly unique.”
Cryptocurrency as a store of value has been an increasing area of focus amid political turmoil, tariff wars, and economic uncertainty. “We believe blockchain’s greatest power lies not in processing transactions, but in storing value,” said co-founder Kevin Wang. “Our Common Knowledge Base is designed to be sustainably secure, and have a sound value capture mechanism, providing an ‘inflation shelter’ so holders of the native token can capture the network’s overall value.”