Following the publication of its Godwoken L1 solution and the introduction of its new NFT marketplace, CKB reported a gain of more than 35 percent. Price increases during bear markets are notoriously difficult to come by owing to the nonstop fear and uncertainty propagated by the media and the lackadaisical attention shown by crypto investors.
The Nervos Network (CKB), which is an open blockchain system built for globally accessible decentralized apps, is one of the cryptocurrencies that managed to show a green candle on June 12. (DApps). After reaching a daily low of $0.0033 on June 30, and a daily high of $0.005 on July 12, the price of CKB saw a rise of fifty percent in the month of July, according to data provided by Cointelegraph Markets Pro and TradingView.
The implementation of the layer-2 (L2) solution Godwoken by the Nervos Network, the incorporation of the Celer c-Bridge into the Godwoken protocol, and the introduction of a new nonfungible token (NFT) global market on the Nervos mainnet are indeed the three major reasons why the Nervos Network is experiencing positive benefits.
The Layer-2 Solution is Now Available From Nervos.
The announcement made on June 29 by the protocol that its L2 solution “Godwoken” had successfully launched on the Nervos Network mainnet served as the spark that set off the current price increase for CKB. According to the declaration, Godwoken is an Ethereum (ETH) Virtual Device (EVM)-compatible upbeat rollup that provides the capability for companies developing in various market segments to easily design and move their decentralized applications (DApps) to the Nervos Network. This was made possible by Godwoken’s ability to make Ethereum (ETH) Virtual Machine (EVM) compatible.
Because of the inclusion of EVM compatibility, it is now feasible for any project that is published on Godwoken to be instantaneously interoperable with other EVM chains. This may help projects expand their user base and reach more people overall.
Godwoken is able to be integrated with Celer cBridge.
Before the recent surge in the price of CKB, the developers made the announcement that Godwoken has been merged with the Celer cBridge. This integration enables the bridging of specific assets between the Nervos network and the Ethereum blockchain.
Celer announced that USD Coin (USDC), Tether (USDT), Ether, Wrapped Bitcoin (WBTC), and Dai would be the first assets accessible for use as a bridge between Godwoken and Ethereum. This information is taken from the release published by Celer. In the future, maybe further assets will be added (DAI).
The fact that it “empowers developers to exploit Ethereum contracts whilst keeping operations scalable, rapid, and low-cost” is the most persuasive argument in favor of utilizing Godwoken.
A whole new NFT marketplace has been introduced by Nervos.
Adding to the growing interest in Nervos Network is the launch of the Oblivion nonfungible token (NFT) global market on the Nervos Network mainnet.
Despite a precipitous drop in the pricing of nonfungible tokens (NFTs), nonfungible tokens continue to be a popular term, and there is still a lot of interest in growing conventional business and finance’s embrace of blockchain and NFT technology.
There are a number of other decentralised financial systems that Nervos and its L2 solution Godwoken have embraced. Godwoken v1’s YokaiSwap platform and JioSwap’s cross-chain protocol are examples of these systems.
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