Blockchain, Cryptocurrency

Chinese blockchain startup Nervos Network secured $28 million investment

Chinese blockchain infrastructure aimed at enterprises Nervos Network announced that it has raised $28 million in private funding from investors including Polychain Capital, Sequoia China, Wanxiang Blockchain, imToken, Blockchain Capital, FBG Capital, Dekrypt Capital, Matrix Partners China, 1KX, and Multicoin.

Chinese blockchain industry has been growing rapidly over the last few years and traditional investors in real state industry are now looking into blockchain sector, and many firms are pouring capital into blockchain and crypto startups.

According to a 2018 blockchain investment report (in Chinese) released by China Venture, the number of blockchain companies in China has been rising for six consecutive years.  To learn more about trends and developments in China’s blockchain and crypto industry, join us at the 2018 US China Blockchain and Digital Currency Conference in Los Angeles August 22, 2018.

Leave a Reply