Positive cost movement during bear financial markets are notoriously tricky to find because of the non-stop FUD of media and indifferent interest from crypto investors.
One crypto that were able to flash eco-friendly on June 12 may be the Nervos Network (CKB), a wide open blockchain protocol created for globally accessible decentralized applications (DApps).
Data from Cointelegraph Markets Pro and TradingView implies that CKB placed on a 50% grow in This summer after climbing from the low of $.0033 on June 30 to some daily a lot of $.005 on This summer 12.
Three good reasons for that positive gains for that Nervos Network range from the launch from the network’s layer-2 (L2) solution Godwoken, the combination from the Celer c-Bridge inside the Godwoken protocol and also the launch of the new nonfungible token (NFT) marketplace around the Nervos mainnet.
Nervos launches a layer-2 solution
The current cost rally for CKB was ignited on June 29 once the protocol announced that it is L2 solution “Godwoken” had formally launched around the Nervos Network mainnet.
Based on the announcement, Godwoken is definitely an Ethereum (ETH) Virtual Machine (EVM)-compatible Positive rollup that enables projects building over the various sectors from the sell to easily create and port their DApps towards the Nervos Network.
Adding EVM compatibility also enables assembling your shed launched on Godwoken to become instantly interoperable along with other EVM chains, which will help improve their achieve and also be their user-base.
Celer cBridge integrates with Godwoken
Before the spike in CKB cost, the developers announced that Godwoken have been integrated using the Celer cBridge to allow the bridging of certain assets between Nervos and also the Ethereum network.
Excited to announce that we have completed integrations and today support bridging on @NervosNetwork’s #Godwoken!
⛓️⛓️You can now bridge $USDT, $USDC, $ETH, $WBTC, and $DAI between @ethereum and #Godwoken inside a fast, secure, and occasional-cost fashion!https://t.co/swiAJ2WZLa— CelerNetwork (@CelerNetwork) This summer 12, 2022
Based on the announcement from Celer, the very first assets open to bridge between Godwoken and Ethereum are Tether (USDT), USD Gold coin (USDC), Ether, Wrapped Bitcoin (WBTC), and Dai (DAI).
Godwoken’s primary feature is the fact that its use “enables developers to use Ethereum contracts and keep transactions scalable, fast and occasional-cost.”
Related: US trademark and copyright offices to review IP impact of NFTs
Nervos launches a brand new NFT marketplace
Another development which has introduced added focus on the Nervos Network was the launch from the Oblivion nonfungible token (NFT) marketplace around the protocol’s mainnet.
annnd we are live! Using @NervosNetwork mainnet? mind to https://t.co/U5gBEd5a3Q.
Note: there’s a couple of “test” NFTs. You don’t need to get these, they provide no utility, and were simply produced to showOrcheck functionality.
— Oblivion NFT Marketplace by Dead Games, Corporation (@OblivionNft) This summer 9, 2022
Despite a collapse within the prices of NFTs, nonfungible tokens remain a well known buzzword and there’s still a great deal curiosity about growing the adoption of blockchain and NFT technology by traditional business and finance.
Additionally towards the launch of their first NFT marketplace, Nervos and it is L2 solution Godwoken also have welcomed several new decentralized finance platforms including YokaiSwap, which deployed on Godwoken v1, along with a mix-chain protocol known as JioSwap.
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