Nervos Network completed a new round of funding on 2018-07-16.

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According to media reports, Nervos Network completed a new round of funding on 2018-07-16. the investors in this funding round include CMB International and others. Following this round, Nervos Network's total funding reached $100 M.
Nervos Network aims to expand on Bitcoin’s core technological primitives with Common Knowledge Base (CKB), a scalable Layer-1 blockchain that enables Layer-2 support for Bitcoin. CKB employs a Proof-of-Work consensus mechanism like Bitcoin but generalizes Bitcoin’s limited UTXO model and scripting capabilities by allowing more flexible data storage and verification. To improve Bitcoin’s arbitrary programming limitations, Nervos Network leverages a custom Cell Model for state storage and a virtual machine (CKB-VM) for transaction execution.

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CKB Fundraising History
RoundAmountValuationTimeInvestor(s)
------2018-07-16CMB International
Key Milestones
  • 2019-11-16
    Nervos Network was live on mainnet
  • 2019-11
    $CKB was live for trading
  • 2019-10-24
    Nervos Network raised $ 72 M in Public Sale round
  • 2018-07-18
    Nervos Network raised $ 28 M in Series A round
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