Equity-Free Incubator For Blockchain Startups Launched By Nervos Network

Blockchain, News | May 7, 2020 By:

Blockchain startup Nervos Network has launched a virtual incubator for early-stage startups and blockchain teams building decentralized applications (dApps).

Nervos is a network of scaleable and interoperable blockchains built on top of an open network – which the company calls the Common Knowledge Base (CKB). CKB is built as a security anchor for all blockchains in the Nervos Network. It enables enterprises and application developers to decide what goes into the blockchain. Since launching its ‘Lina’ mainnet in November 2019, the Nervos team has been actively developing a number of blockchain-based solutions to help transform traditional industries. Most notably, Nervos is working with major financial institutions like China Merchants Bank International (CMBI) and Huobi to co-develop decentralized platforms and applications for financial services.

Called CKLabs, the virtual incubator is designed to help Nervos identify and nurture the most promising blockchain projects across all use cases including DeFi, gaming, oracles, social storage and more. CKLabs aims to broaden the Nervos ecosystem following the successful launch of the Nervos Grants Program, which awarded more than $1 million in infrastructure development grants within its first three months.

CKLabs is open to any user-centric projects with an existing minimum viable product (MVP). Nervos will start with allocating $5 million to CKLabs. The program will provide startups with up to $100,000 funding, executive mentoring, support with various business functions like engineering and marketing, and access to its investor network.

“The Nervos team and developer community have been working tirelessly over the last two years to build a sustainable and scalable blockchain infrastructure for the decentralized economy,” said Kevin Wang, co-founder of Nervos. “There are still many more infrastructure improvements to come, but the launch of CKLabs marks the next phase of Nervos as we start expanding the network’s utility with applications.”