Nervois aims to allow companies to develop decentralized applications on top of a secure public network, but run them in the application chain layer, removing the need for enterprises to commit their entire tech stack to the blockchain.
The company raised 28 million in July 2018 from investors Polychain Capital, Sequoia China, Wanxiang Blockchain, FBG Capital, Blockchain Capital, Dekrypt Capital, Multicoin Capital, 1confirmation, Matrix Partners China, 1kx, and more.
The team plans to use the money to grow its product and engineering teams, accelerate development of its enterprise blockchain solutions, and do strategic partnerships.
On December 15, 2020, Nervos Network partnered up with Cardano to create a research initiative that hopes to improve the security of smart contracts by modifying Unspent Transaction Outputs (UTXOs), an accounting method that is commonly used for cryptocurrencies.
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