Polychain invests an additional $5.7 million in Nervos

According to the Nervos community news, yesterday Nervos officially announced on Medium that it has reached a strategic partnership with Polychain Capital. Polychain Capital will actively participate in the construction of the Nervos ecosystem, help build the Nervos community and increase its visibility, especially in the United States and the Western Hemisphere.

In addition, Polychain Capital also plans to invest an additional US$5.7 million in Nervos' upcoming CKByte public sale on CoinList on October 16. Nervos CKByte's public sale on CoinList is currently accepting registrations (URL: https://coinlist.co/nervos).

Olaf Carlson-Wee, founder and CEO of Polychain Capital, said: “Nervos’ store-of-value model positions it as one of the strongest and most interesting projects to come out of Asia.”

Speaking to CoinDesk, Polychain Capital President Joseph Eagan said it was too early to say whether the fund would run Nervos nodes or participate in Nervos mining. However, he added that it could be one of the fund’s most profitable investments.

Eagan added: “ This is one of our most committed investments, not just in Asia but globally .

About Polychain

Polychain Capital is a crypto digital hedge fund founded in San Francisco, California in 2016, dedicated to bringing investors lucrative returns by actively managing the portfolio of these blockchain assets. The founder is Olaf Carlson-Wee, who was previously the head of Coinbase's risk control department and was known as Coinbase's No. 1 employee. Polychain has received financial support from heavyweight venture capital funds such as Andreessen Horowitz and Sequoia Capital, raising a total of approximately US$250 million in assets, making it one of the largest digital asset hedge funds.