BlockGroup, the parent company of BlockVC, a $200M crypto M&A fund created back in December 2018, has announced a new round of strategic investment in NKN (New Kind of Network). NKN is an open and decentralized network powered by a 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”. Recently, 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.
In addition, BlockGroup will partner with the NKN project team in community development, industry analysis, capital management, ecosystem development and more, in order to create long term value. Previously BlockGroup has invested in IoTeX, Nuls, and IOST.