The new partnership between Covalent and Nervos is essential in transforming the Web3 data experience. Making the information needed to power decentralized applications more accessible to projects and developers.

Currently, Covalent sources data from 35+ blockchains to provide its industry-leading Unified API Key, which can access balances, positions, historical granular transaction data, and more.

“Covalent came to life amid a bear market with the mission of building the most comprehensive blockchain data ecosystem via our Unified API. Since then, over 3,000 projects have been able to use and build with our API. The Covalent API makes indexing and organizing blockchain data a process that can take enormous amounts of time, simpler and less time-consuming. As we continue to innovate and expand the Web3 space, projects that allow developers and creators accessible solutions are more critical now than ever.”—Ganesh Swami, CEO and co-founder at Covalent

“We recognize that the Web3 space is not always the simplest or the most user friendly. For Web3 to become mainstream, and for mass adoption to occur, users have to be able to understand and engage with various platforms and applications. As part of our vision, we are thrilled to partner with Covalent to make the mission of simplifying Web3 possible. Nervos Network’s integration with Covalent’s Unified API provides a time-efficient solution and reduces workflow complexity, which will help developers shift their focus towards building innovative technologies that will truly expand the Web3 space.”—Terry Tai, CEO of the Nervos Foundation

Querying on-chain information from the Nervos Layer 2 solution, Godwoken will follow an intuitive, user-friendly process. Users will only need to specify the relevant chain ID when calling the APIs that Covalent users are already familiar with.

The Covalent Unified API grants access to popular data points for the Godwoken Chain including:

• Token balances for an address
• Historical portfolio value of an address over time
• ERC20 token transfers of an address
• All NFT token IDs of a collection
• Decentralized exchange liquidity pools of an address
• Decentralized exchange transactions of an address

ABOUT Nervos Network

Nervos Network is an open source public blockchain ecosystem. A collection of protocols creating the foundation for a universal internet-like public network.

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ABOUT Covalent

Covalent provides a unified API bringing visibility to billions of Web3 data points. Its vision is to empower the pioneers of tomorrow by providing the most prosperous and robust data infrastructure for the entire Blockchain ecosystem.

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SOURCE

Nervos Network

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Users are now able to bridge USDT, USDC, ETH, WBTC, and DAI between Ethereum and Nervos Godwoken via the Open Canonical Token Standard. They also have plans to expand this list of supported tokens as well as open up generic message passing with Celer IM.

KNOWING NERVOS NETWORK

The Nervos Network is an open-source public blockchain ecosystem and collection of protocols. Aiming to create the foundation for a universal internet-like public network, a blockchain platform for universal applications so to speak.

Their unique multi-layered blockchain platform allows a wide variety of dApps to be built within their ecosystem. It is also is empowers by its incredibly secure Layer 1. An optimized Nakamoto consensus is secured with ASIC-backed Proof-of-Work. Secured by Nervos’ Layer 1 through the use of an optimistic roll-up, their Godwoken Layer 2 ensures high throughput and security.

Combined with its Ethereum Virtual Machine (EVM) support, it enables developers to employ Ethereum contracts while keeping transactions scalable, fast, and low-cost. The hope is to help propel Nervos to be the future-proof blockchain platform of choice for developers.

Their focus on interoperability within the ecosystem aligns well with Celer’s own views and goals. They are excited to see how they develop and what they can do to help facilitate the interoperable future they are all aiming for.

By following the Open Canonical Token Standard, Celer’s bridging support for Godwoken has started with USDT, USDC, ETH, WBTC, and DAI. Additionally, with plans to extend to other tokens going forward, outlining a more secure and flexible approach to facilitate interoperability between Nervos and the broader blockchain space.

Furthermore, Celer will keep working with other core interoperability contributors to promote the open standard as a default deployment model. Massive efforts have been seen from different chains and protocols like Nervos in raising the awareness of phasing out bridging practices that come with innate vendor lock-in implications. What this will mean is a future blockchain space with not only just workable interoperability but more decentralized, secure, and upgradable cross-chain potential.

ABOUT Celer Network

Celer is a blockchain interoperability protocol. Enabling a one-click user experience accessing tokens, DeFi, GameFi, NFTs, governance, privacy solutions, and more across multiple chains. Developers can build inter-chain-native dApps using the Celer Inter-chain Message SDK. In addition, they can also gain access to efficient liquidity utilization, coherent application logic, and shared states. Furthermore, users of Celer-enabled dApps will enjoy the benefits of a diverse multi-blockchain ecosystem. With the simplicity of a single-transaction UX, all from a single chain.

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ABOUT Nervos Network

The Nervos Network is a collection of protocols and a public blockchain ecosystem. Aiming to solve the biggest challenges facing blockchains like Bitcoin and Ethereum today. The Nervos Common Knowledge Base (CKB) is layer 1. A proof of work, public permissionless blockchain protocol of the Nervos Network. It allows any crypto asset to stores with the security, immutability, and permissionless nature of Bitcoin. It also enables smart contracts and layer 2 scaling. Its unique crypto-economic model is designed to better align the interests of users. Not only users but also developers, and miners as compared to first-generation blockchains.

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RESOURCES

Celer Network

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