• Market Cap: $1,143,665,298,264.83
  • 24h Vol: $29,732,777,859.74
  • BTC Dominance: 44.85%
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

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

Jon Hartney by Jon Hartney
July 12, 2022
in Bitcoin, Blockchain, Business, Market
0
Nervous Network (CKB) price posts double-digit gain after Godwoken layer 2 launch
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

CKB booked a 35%+ gain after the release of its Godwoken L1 solution and the launch of a new NFT marketplace.

Positive price movement during bear markets are notoriously hard to come by due to the non-stop FUD of media and lackadaisical interest from crypto investors.

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

Related articles

US Justice Department charges two men in Mt. Gox Hack

US Justice Department charges two men in Mt. Gox Hack

June 9, 2023
Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave

Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave

June 9, 2023

Data from Cointelegraph Markets Pro and TradingView shows that CKB put on a 50% gain in July after climbing from a low of $0.0033 on June 30 to a daily high of $0.005 on July 12.

CKB/USDT 4-hour chart. Source: TradingView

Three reasons for the positive gains for the Nervos Network include the launch of the network’s layer-2 (L2) solution Godwoken, the integration of the Celer c-Bridge within the Godwoken protocol and the launch of a new nonfungible token (NFT) marketplace on the Nervos mainnet.

Nervos launches a layer-2 solution

The recent price rally for CKB was ignited on June 29 when the protocol announced that its L2 solution “Godwoken” had officially launched on the Nervos Network mainnet.

According to the announcement, Godwoken is an Ethereum (ETH) Virtual Machine (EVM)-compatible Optimistic rollup that allows projects building across the various sectors of the market to easily create and port their DApps to the Nervos Network.

The addition of EVM compatibility also makes it possible for any project launched on Godwoken to be instantly interoperable with other EVM chains, which can help increase their reach and grow their user-base.

Celer cBridge integrates with Godwoken

Prior to the spike in CKB price, the developers announced that Godwoken had been integrated with the Celer cBridge to enable the bridging of certain assets between Nervos and the Ethereum network.

Excited to announce that we’ve completed integrations and now support bridging on @NervosNetwork’s #Godwoken!
⛓️⛓️You are now able to bridge $USDT, $USDC, $ETH, $WBTC, and $DAI between @ethereum and #Godwoken in a fast, secure, and low-cost fashion!https://t.co/swiAJ2WZLa

— CelerNetwork (@CelerNetwork) July 12, 2022

According to the announcement from Celer, the first assets available to bridge between Godwoken and Ethereum are Tether (USDT), USD Coin (USDC), Ether, Wrapped Bitcoin (WBTC), and Dai (DAI).

Godwoken’s main selling point is that its use “enables developers to employ Ethereum contracts while keeping transactions scalable, fast and low-cost.”

Related: US trademark and copyright offices to study IP impact of NFTs

Nervos launches a new NFT marketplace

Another development that has brought added attention to the Nervos Network was the launch of the Oblivion nonfungible token (NFT) marketplace on the protocol’s mainnet.

annnd we’re live! Using @NervosNetwork mainnet? head over to https://t.co/U5gBEd5a3Q.

Note: there are a few “test” NFTs. No need to purchase these, they offer no utility, and were simply created to demonstrate/test functionality.

— Oblivion NFT Marketplace by Dead Games, Inc (@OblivionNft) July 9, 2022

Despite a collapse in the prices of NFTs, nonfungible tokens remain a popular buzzword and there is still a lot interest in increasing the adoption of blockchain and NFT technology by traditional business and finance.

In addition to the launch of its first NFT marketplace, Nervos and its L2 solution Godwoken have also welcomed several new decentralized finance platforms including YokaiSwap, which deployed on Godwoken v1, and a cross-chain protocol called JioSwap.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

US Justice Department charges two men in Mt. Gox Hack

US Justice Department charges two men in Mt. Gox Hack

by Jon Hartney
June 9, 2023
0

The Justice Department claims Alexey Bilyuchenko and Aleksandr Verner took control of a Mt Gox server and stole 647,000

Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave

Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave

by Jon Hartney
June 9, 2023
0

Traditional finance companies are boosting their engagement with Ethereum-based real-world asset protocols, resulting

DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined

DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined

by Jon Hartney
June 9, 2023
0

The top-100 DeFi tokens by market capitalization had a bearish week as the total value locked in these protocols fell

Argentina Ready To Support Bitcoin With Gathering And Event In Buenos Aires

Argentina Ready To Support Bitcoin With Gathering And Event In Buenos Aires

by Jon Hartney
June 9, 2023
0

Bitcoin Argentina, an NGO dedicated to bitcoin adoption in the country, is hosting an event that promises to be a

WikiLeaks Founder Julian Assange Facing Extradition After Losing Challenge

WikiLeaks Founder Julian Assange Facing Extradition After Losing Challenge

by Jon Hartney
June 9, 2023
0

The loss is an indication that further challenges will be difficult, although Assange plans to renew his appeal next

Load More
  • Trending
  • Comments
  • Latest
NEXO risks 50% drop due to regulatory pressure and investor concerns

NEXO risks 50% drop due to regulatory pressure and investor concerns

September 30, 2022
51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

October 14, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022
Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

October 11, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0
Crypto owners banned from working on US Government crypto policies

Crypto owners banned from working on US Government crypto policies

0
Korean startup Uprise lost $20M shorting LUNC

Korean startup Uprise lost $20M shorting LUNC

0
Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0
US Justice Department charges two men in Mt. Gox Hack

US Justice Department charges two men in Mt. Gox Hack

June 9, 2023
Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave

Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave

June 9, 2023
DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined

DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined

June 9, 2023
Argentina Ready To Support Bitcoin With Gathering And Event In Buenos Aires

Argentina Ready To Support Bitcoin With Gathering And Event In Buenos Aires

June 9, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • US Justice Department charges two men in Mt. Gox Hack June 9, 2023
  • Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave June 9, 2023
  • DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined June 9, 2023
  • Argentina Ready To Support Bitcoin With Gathering And Event In Buenos Aires June 9, 2023
  • WikiLeaks Founder Julian Assange Facing Extradition After Losing Challenge June 9, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$26,444.00-0.69%
  • ethereumEthereum(ETH)$1,836.34-0.83%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$261.03-1.34%
  • usd-coinUSD Coin(USDC)$1.000.05%
  • rippleXRP(XRP)$0.542.37%
  • staked-etherLido Staked Ether(STETH)$1,835.15-0.85%
  • cardanoCardano(ADA)$0.301923-7.03%
  • dogecoinDogecoin(DOGE)$0.0686901.08%
  • solanaSolana(SOL)$17.61-7.20%
  • matic-networkPolygon(MATIC)$0.74-5.95%
  • litecoinLitecoin(LTC)$89.220.81%
  • tronTRON(TRX)$0.072161-7.34%
  • polkadotPolkadot(DOT)$4.98-0.79%
  • binance-usdBinance USD(BUSD)$1.00-0.01%
  • avalanche-2Avalanche(AVAX)$13.82-1.35%
  • shiba-inuShiba Inu(SHIB)$0.000008-1.40%
  • daiDai(DAI)$1.000.05%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,434.00-0.75%
  • uniswapUniswap(UNI)$4.58-1.27%
  • leo-tokenLEO Token(LEO)$3.50-0.96%
  • chainlinkChainlink(LINK)$5.96-0.83%
  • cosmosCosmos Hub(ATOM)$9.21-3.06%
  • okbOKB(OKB)$44.880.44%
  • moneroMonero(XMR)$142.71-0.15%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.11%
  • ToncoinToncoin(TON)$1.680.03%
  • ethereum-classicEthereum Classic(ETC)$16.93-0.39%
  • stellarStellar(XLM)$0.0882080.99%
  • bitcoin-cashBitcoin Cash(BCH)$110.38-1.21%
  • true-usdTrueUSD(TUSD)$1.00-0.06%
  • lido-daoLido DAO(LDO)$2.190.43%
  • internet-computerInternet Computer(ICP)$4.220.58%
  • filecoinFilecoin(FIL)$4.02-2.28%
  • quant-networkQuant(QNT)$107.63-3.13%
  • hedera-hashgraphHedera(HBAR)$0.048148-0.89%
  • crypto-com-chainCronos(CRO)$0.057948-1.93%
  • AptosAptos(APT)$7.36-4.33%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • ArbitrumArbitrum(ARB)$1.13-0.29%
  • nearNEAR Protocol(NEAR)$1.39-2.46%
  • vechainVeChain(VET)$0.017070-5.05%
  • apecoinApeCoin(APE)$2.83-2.93%
  • paxos-standardPax Dollar(USDP)$1.00-0.05%
  • fraxFrax(FRAX)$1.00-0.08%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • the-graphThe Graph(GRT)$0.110903-2.70%
  • BSCEXBSCEX(BSCX)$261.3283.62%
  • eosEOS(EOS)$0.890.23%
  • rocket-poolRocket Pool(RPL)$47.34-0.35%
  • algorandAlgorand(ALGO)$0.1243110.00%
  • elrond-erd-2MultiversX(EGLD)$34.70-1.11%
  • blockstackStacks(STX)$0.64-3.32%
  • the-sandboxThe Sandbox(SAND)$0.472417-3.50%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,973.28-0.84%
  • aaveAave(AAVE)$59.81-0.49%
  • optimismOptimism(OP)$1.33-3.97%
  • render-tokenRender(RNDR)$2.26-0.52%
  • fantomFantom(FTM)$0.287268-3.47%
  • tezosTezos(XTZ)$0.83-1.33%
  • theta-tokenTheta Network(THETA)$0.75-1.90%
  • usddUSDD(USDD)$1.00-0.01%
  • decentralandDecentraland(MANA)$0.406139-3.60%
  • immutable-xImmutableX(IMX)$0.730.54%
  • Bitget TokenBitget Token(BGB)$0.504.44%
  • axie-infinityAxie Infinity(AXS)$6.04-3.63%
  • BitDAOBitDAO(BIT)$0.478100-0.59%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.82-0.06%
  • radixRadix(XRD)$0.066982-0.73%
  • havvenSynthetix Network(SNX)$2.04-1.43%
  • kucoin-sharesKuCoin(KCS)$6.71-1.26%
  • flowFlow(FLOW)$0.62-1.92%
  • neoNEO(NEO)$8.97-1.37%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • curve-dao-tokenCurve DAO(CRV)$0.76-1.35%
  • galaGALA(GALA)$0.025675-1.93%
  • terra-lunaTerra Luna Classic(LUNC)$0.000100-0.88%
  • bitcoin-cash-svBitcoin SV(BSV)$29.95-1.29%
  • gatechain-tokenGate(GT)$4.141.90%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.24%
  • makerMaker(MKR)$624.86-0.52%
  • injective-protocolInjective(INJ)$6.90-1.69%
  • kavaKava(KAVA)$0.94-5.54%
  • marumaruNFTmarumaruNFT(MARU)$0.24991121.40%
  • klay-tokenKlaytn(KLAY)$0.1641940.80%
  • bittorrentBitTorrent(BTT)$0.000001-0.63%
  • xdce-crowd-saleXDC Network(XDC)$0.0358513.31%
  • pax-goldPAX Gold(PAXG)$1,919.43-0.55%
  • Tokenize XchangeTokenize Xchange(TKX)$6.15-0.14%
  • iotaIOTA(MIOTA)$0.176680-2.11%
  • tether-goldTether Gold(XAUT)$1,960.65-0.12%
  • PepePepe(PEPE)$0.0000014.64%
  • compound-ethercETH(CETH)$36.87-0.93%
  • casper-networkCasper Network(CSPR)$0.043264-1.74%
  • huobi-tokenHuobi(HT)$2.911.29%
  • conflux-tokenConflux(CFX)$0.225159-3.57%
  • chilizChiliz(CHZ)$0.086835-1.31%
  • binaryxBinaryX(BNX)$165.90-5.97%
  • gmxGMX(GMX)$51.17-1.10%