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Nexus Launches Extended Final Testnet Phase Ahead of 2025 Mainnet

Nexus, a virtual machine equipped with zero-knowledge proof technology (zkVM), aimed at scalable verifiable computations, has announced the start of the second phase of its incentivized testnet, Nexus Incentivized Testnet III. After significant investment of $25 million from stakeholders including Pantera Capital, DragonFly Capital, and LVP, the project is entering an extended final testing phase that will last until the launch of the Nexus mainnet later in Q3 2025. This phase allows global participants several weeks to contribute to the Nexus supercomputer and earn rewards, contrasting with previous testnets that offered only days. The project demonstrates strong backing and a clear roadmap towards mainnet deployment.
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AI Analysis

Nexus is positioning itself as a scaling solution based on zkVM technology, which has garnered considerable backing, including a substantial $25 million investment from notable venture capital firms s...

AI Recommendation

Investors and community members should monitor the ongoing testnet and development progress closely. The extended testing phase offers an opportunity to assess the platform's stability, performance, a...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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