Two innovative Layer 1 blockchains are set to mark significant developments in the blockchain space, with launches from both Nexus and the investment firm, At the forefront of these movements is Nexus, which is preparing for the launch of its Nexus L1 blockchain. The testnet for the Nexus blockchain, named Nexus Testnet II, will be open from February 19 at 1:00 AM to February 22 at 8:00 AM Beijing time. This rollout signals the company's drive to carve out its niche within the ever-evolving blockchain ecosystem.
Nexus plans to release more comprehensive details about its Layer 1 architecture, roadmap, and technical features in the upcoming weeks, generating anticipation within the crypto community.
Meanwhile, San Santiago Roel Santos leads Capital and is launching another custom Layer 1 blockchain platform on the #AVAX blockchain. This endeavor aims to bring traditional businesses on-chain and revolutionize private equity strategies. Unlike conventional private equity models where firms pursue financial engineering, Investment emphasizes crypto engineering. By acquiring businesses directly, the firm seeks to integrate blockchain technology seamlessly.
The rationale behind this ambitious strategy lies within the belief of redefining how blockchain interacts with businesses. Rather than championing adoption through persuasion, Investment intends to demonstrate the practical benefits by embedding blockchain functionalities within existing businesses. This approach reflects the firm's commitment to showcasing blockchain as a transformative infrastructure.
The firm believes integrating blockchain can significantly reduce operational costs, improve margins, and enable services such as stablecoin payments through widely-used segments like mobile and banking services.
Why choose Avalanche as its blockchain backbone? The choice stems from Avalanche's flexibility and customizable features such as transaction permissions and privacy settings. Its composability with Ethereum-based applications provides allure for developers and the ability to integrate existing systems swiftly.
With recent upgrades, Avalanche simplifies the custom Layer 1 blockchain creation process. Investment aims to leverage this technology to demonstrate the full potential of blockchain as more than just speculation, but as valuable infrastructure to support traditional business operations.
These two exciting developments—the Nexus Testnet II and the strategic undertaking by Investment—indicate positive growth and ambition within the blockchain sector, as it continues to reach for mainstream adoption and integration.