BlockGroup, a $200M M&A crypto fund, announces strategic investment in NKN

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BlockGroup, parent company of BlockVC, created a $200M crypto M&A fund in December 2018. The new crypto fund focuses on the secondary market: especially acquisition as well as strategic follow-up investment in high quality blockchain projects. These additional investment will strengthen the operation capital of the project team. In addition, BlockGroup partner with the project team in community development, industry analysis, capital management, ecosystem development and more, in order to create long term value. Previously BlockGroup have invested in IoTeX, Nuls and IOST.

NKN (New Kind of Network), is one of the portfolio projects of BlockVC. Now with NKN mainnet successfully launched, BlockGroup M&A crypto fund decide to carry out a new round of strategic investment in NKN. NKN is the new kind of open and decentralized network powered by a novel public blockchain. NKN use economic incentives to motivate Internet users to share network connection and utilize unused bandwidth, as well as provide a secure, low cost, and universally accessible networking platform for application developers.

Recently NKN launched its mainnet v1.0, code named “Narwhal”. In less than 2 days, there are already over 20,000 full consensus nodes running, making it the largest blockchain network in the world and surpassing Bitcoin and Ethereum. NKN got listed on Huobi global by winning the popular community vote on FastTrack, showcasing its strong community support. In addition to Huobi, NKN token is traded on other top global exchanges such as Upbit, Bittrex International, and Gate.io with healthy trading volume and liquidity.

Based on BlockGroup’s comprehensive analysis, NKN project has made significant strides in all fronts including product development, technology research, and global exchange footprint. The technology focused NKN community and its ecosystem partners will supply continuous flow of technical talent for the future development of this project. Blockchain industry is still a technology focused world, and projects with unique technology will create formidable competitive advantage for the future. With mainnet launch, NKN can further advance its ecosystem development, and their potential is limitless.

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