Nexus Raises $27.2M as Phase 3 Testnet Launches—TGE Momentum Builds with Backing from a16z

Latest Updates on NEXUS

NEXUS CEO Dan recently announced on X (formerly Twitter) that NEXUS Testnet III is scheduled to launch this quarter, with Mainnet I expected to go live in Q3.

Previously, NEXUS Testnet II officially concluded on February 23 at 4:00 AM.

Testnet II achieved a peak throughput 100 times higher than Testnet I, and 100,000 times greater than Testnet 0.

With such exponential growth, the community eagerly anticipates what innovations and breakthroughs Testnet III will bring. Stay tuned!

Project Overview: Nexus Network

Nexus Network is a high-performance verification network built on a distributed computing architecture. At its core, it leverages a modular zkVM (zero-knowledge virtual machine) framework, engineered in Rust to deliver secure and efficient parallel computation capabilities.

By aggregating global compute resources, Nexus is capable of supporting trillions of operations per second, providing developers with an open-source verification platform that balances security and scalability. This makes Nexus a powerful infrastructure layer for next-generation Web3 applications requiring advanced cryptographic computation and high throughput.

Nexus Network Architecture Overview

Infrastructure Layer
At the foundation, Nexus is built using a high-performance programming language and supports modular component expansion. Leveraging cutting-edge parallel processing technology, it can coordinate computation tasks across tens of thousands of nodes simultaneously, enabling large-scale data processing with exceptional speed and efficiency.

Network Optimization Layer
Nexus features an intelligent, built-in resource management system that dynamically allocates network resources based on real-time demand. Its proprietary network sharding mechanism ensures operational stability, allowing the system to maintain functionality even in the event of partial node failures.

Data Layer
Nexus utilizes sharded data storage, offering configurable caching for hot data (e.g., high-frequency verification) and cold data (e.g., AI model training), tailored to the performance characteristics of the underlying hardware.

Key Advantages of Nexus

• Exceptional Performance: Real-world testing shows sub-second interaction latency under high-load conditions.

• Robust Security: Advanced cryptographic verification ensures that every interaction is validated with high integrity.

• Energy Efficiency: Compared to traditional solutions, Nexus significantly reduces energy consumption, offering a greener, more cost-effective infrastructure.

• Open and Collaborative Ecosystem: Nexus is already attracting a large developer community, with a growing number of ecosystem applications being built on the network.

Nexus Team

• Daniel Marin – Founder & CEO of Nexus Labs, formerly at Google.

• Alex Fowler – Chief Strategy Officer at Nexus and member of Plural VC. He is also a co-founder of Blockstream and a passionate advocate for data privacy, transparency, and the open internet.

Nexus Funding Timeline

• June 10, 2024 – Raised $25 million in Series A funding

• December 1, 2022 – Raised $2.2 million in seed funding

Nexus Summary

Nexus continues to push the boundaries of decentralized computing by enhancing core performance, expanding developer support, and enabling cross-industry adoption. Its mission is to build a high-performance, sustainable blockchain infrastructure, fostering a more secure, efficient, and scalable Web3 future.