HomeNewsNervos Network (CKB) price posts double-digit gain after Godwoken layer 2 launch

Nervos Network (CKB) price posts double-digit gain after Godwoken layer 2 launch


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Nervos Network (CKB) price posts double-digit gain after Godwoken layer 2 launch

Obvious mark moseys all the map in which thru undergo markets are notoriously entertaining to gain due to the non-stay FUD of media and lackadaisical interest from crypto traders.

One crypto that managed to flash green on June 12 is the Nervos Network (CKB), an open blockchain protocol designed for universally accessible decentralized capabilities (DApps).

Data from Cointelegraph Markets Pro and TradingView reveals that CKB placed a 50% originate in July after mountain climbing from a low of $0.0033 on June 30 to an everyday high of $0.005 on July 12.

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CKB/USDT 4-hour chart. Offer: TradingView

Three causes for the sure gains for the Nervos Network consist of the initiation of the network’s layer-2 (L2) solution Godwoken, the integration of the Celer c-Bridge all thru the Godwoken protocol, and the initiation of a fresh nonfungible token (NFT) marketplace on the Nervos mainnet.

Nervos launches a layer-2 solution

The scorching mark rally for CKB modified ignited on June 29 when the protocol announced that its L2 solution “Godwoken” had formally launched on the Nervos Network mainnet.

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In accordance with the announcement, Godwoken is an Ethereum (ETH) Virtual Machine (EVM)-like-minded Optimistic rollup that allows initiatives constructing across the so a lot of sectors of the market to without problems construct and port their DApps to the Nervos Network.

The addition of EVM compatibility additionally makes it conceivable for any challenge launched on Godwoken to be straight away interoperable with other EVM chains, which can reduce develop their reach and develop their user-sinful.

Celer cBridge integrates with Godwoken

Sooner than the spike in the CKB mark, the developers announced that Godwoken had been integrated with the Celer cBridge to enable the bridging of obvious sources between Nervos and the Ethereum network.

Enraged to announce that we hang carried out integrations and now give a utilize to bridging on @NervosNetwork’s #Godwoken!
⛓️⛓️You are literally succesful of bridge $USDT, $USDC, $ETH, $WBTC, and $DAI between @ethereum and #Godwoken in a swiftly, trusty, and low-mark style!https://t.co/swiAJ2WZLa

— CelerNetwork (@CelerNetwork) July 12, 2022

In accordance with the announcement from Celer, the principle sources accessible to bridge between Godwoken and Ethereum are Tether (USDT), USD Coin (USDC), Ether, Wrapped Bitcoin (WBTC), and Dai (DAI).

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Godwoken’s well-known promoting point is that it’s utilize “enables developers to make utilize of Ethereum contracts while keeping transactions scalable, swiftly and low-mark.”

Nervos launches a fresh NFT marketplace

One other pattern that has brought added attention to the Nervos Network modified into the initiate of the Oblivion nonfungible token (NFT) marketplace on the protocol’s mainnet.

annnd we’re dwell! The usage of @NervosNetwork mainnet? head over to https://t.co/U5gBEd5a3Q.

Repeat: there are just a few “check” NFTs. No must always procure these, they offer no utility, and were merely created to point to/check functionality.

— Oblivion NFT Marketplace by Tiring Video games, Inc (@OblivionNft) July 9, 2022

Despite a crumple in the costs of NFTs, nonfungible tokens stay a typical buzzword and there is silence so a lot of interest in rising the adoption of blockchain and NFT skills by frail change and finance.

Along with the initiation of its first NFT marketplace, Nervos and its L2 solution Godwoken hang additionally welcomed several fresh decentralized finance platforms in conjunction with YokaiSwap, which deployed on Godwoken v1, and a hideous-chain protocol known as JioSwap.

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