Dharma's Ethereum wallet enabled users to connect their bank accounts, buy and exchange tokens, and interact with other aspects of the DeFi ecosystem. On January 18th, 2022, Dharma Labs was acquired by OpenSea, with a valuation ranging from $110M to $130M.
Nervos Network aims to expand on Bitcoin’s core technological primitives with Common Knowledge Base (CKB), a scalable Layer-1 blockchain that enables Layer-2 support for Bitcoin. CKB employs a Proof-of-Work consensus mechanism like Bitcoin but generalizes Bitcoin’s limited UTXO model and scripting capabilities by allowing more flexible data storage and verification. To improve Bitcoin’s arbitrary programming limitations, Nervos Network leverages a custom Cell Model for state storage and a virtual machine (CKB-VM) for transaction execution.
