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According to Odaily, Nexis Network, an open-source EVM blockchain platform, has announced the completion of a private funding round. The specific amount raised and the valuation have not been disclosed. Castrum Istanbul was among the investors in this round.

Nexis Network is designed specifically for decentralized projects and applications. Its aim is to create a transparent, community-driven ecosystem. The platform integrates innovative technologies to address issues of scalability, security, and decentralization. It supports Ethereum-based dApp and DeFi protocols.

Transactions, payments, and pledges on the Nexis Network are conducted using its native token, NZT, to reach consensus. This development marks a significant step for the platform as it continues to enhance its offerings and expand its reach in the blockchain space.