Next-Generation Blockchain Network Secures $28 Million

Nervos Network, a next-generation blockchain network for the enterprise, raised $28 million from Polychain Capital, Sequoia China, Wanxiang Blockchain, FBG Capital, Blockchain Capital, Dekrypt Capital, Multicoin Capital, 1confirmation, Matrix Partners China, and 1kx.

Founded by a team of blockchain and crypto veterans from Ethereum, imToken, and Yunbi, Nervos is a network of interoperable protocols built on top of an open network and designed for enterprise applications. By providing a hybrid solution that combines the advantages of a public blockchain and an application chain, Nervos Network allows enterprises to build and deploy decentralized applications without committing their entire tech stack to the blockchain.

Nervos plans to use the new capital to grow its product and engineering teams, accelerate development of its enterprise blockchain solutions, and ramp up strategic partnerships.