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

CKB saw a 50% increase in July according to Cointelegraph Markets Pro and TradingView It increased from $0.0033 on June 30 and then fell to $0.005 per day on July 12.

Due to the continuous FUD of media outlets and the indifferent interest shown by crypto financiers, favorable price motions throughout bear markets can be infamously challenging to find.

CKB/USDT 4-hour chart. Source: TradingView.

Nervos Network (CKB) is one crypto that flashed green on June 12. Its an open-blockchain procedure for widely accessible decentralized apps (dApps).

The launch of Nervos Networks layer-2 (L2) service Godwoken and combination of Celer cbridge within the Godwoken procedure are 3 reasons for Nervos Networks positive gains. Nervos Network introduced a brand-new market for nonfungible tokens (NFT), on its mainnet.

Nervos releases a layer-2 solution

The announcement specifies that Godwoken, an Ethereum (ETH), Virtual Machine (EVM), suitable Optimistic Rollup that allows jobs to build throughout various sectors to create and port their dApps directly to the Nervos Network, is now offered.

EVM compatibility enables any job that is released on Godwoken, to immediately be interoperable with other EVM chain. This can increase their reach and expand their user base.

CKBs current price rally was activated on June 29, when the protocol announced the launch of its L2 solution “Godwoken”, on the Nervos Network mainnet.

Celer cBridge is incorporated with Godwoken

Nervos launches NFT Marketplace.

Nervos and its L2 solutions Godwoken invited several brand-new decentralized monetary platforms, consisting of YokaiSwap (which released on Godwoken V1) and JioSwap, a cross-chain procedure.

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The Oblivion NFT Marketplace was released on the procedures mainnet. This is an important advancement that has attracted extra attention to Nervos Network.

Nonfungible tokens are still a buzzword regardless of a decrease in NFT rates. There is still interest in blockchain adoption by conventional financing and business.

Annnd we are live! Utilizing @NervosNetwork mainnet? head over to https://t.co/U5gBEd5a3Q. There are some “test” NFTs. These are not for sale and do not use any utility. They were developed only to evaluate performance.
— Oblivion NFT Marketplace, Dead Games, Inc (@OblivionNft), July 9, 2022.

We are thrilled to announce combinations, which @NervosNetwork now supports bridging between #ethereum and #Godwoken in a fast, safe, low-cost style! You are now able to bridge $USDT, $USDC, $ETH, $WBTC, and $DAI in between @ethereum and #Godwoken in a quickly, safe and secure, and low-priced fashion!https:// t.co/ swiAJ2WZLa.
CelerNetwork (@CelerNetwork), July 12, 2022.

Annnd we are live! Utilizing @NervosNetwork mainnet? There are some “test” NFTs. These are not for sale and do not use any energy. They were created only to check functionality.

The designers revealed that Godwoken was now integrated with Celer cBridge in order to permit the bridging in between specific assets in between Nervos network and Ethereum network.

Godwokens main selling point is its capability to “allow designers to use Ethereum contracts while keeping deals scaleable, quick, and low-cost.”.

Similar: US hallmark and Copyright Offices to Study IP Impact of NFTs.

Celer revealed that the first properties to bridge Godwoken and Ethereum were Tether (USDT), USD Coin, USDC, Ether, Wrapped Bitcoins (WBTC), DAI, and Tether.