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Conflux Network
China

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VCID: 2123122
    Profile

    Corporate information


    Registration country
    Investment activity status
    Active investor


    Overview

    Conflux Network originated from the research lab of Turing Award recipient Dr. Andrew Yao at Tsinghua University. This progressive research provides a solution to the ‘blockchain trilemma’ problem with a novel Tree-Graph consensus mechanism that optimizes security, scalability and decentralization. In 2018, the Conflux Foundation was formed and a regulatory compliant fundraise was completed to build an open infrastructure based on this breakthrough consensus mechanism. Soon after, Conflux established itself as the only state endorsed public, permissionless blockchain in China. As respected advocates of public blockchain infrastructure in China, Conflux is advancing the education and research in blockchain development. In 2019, Conflux Hangzhou operation center was established. In 2020, Conflux established the Tree-Graph Research Institute in partnership with the government of Shanghai and the Key Laboratory of Blockchain Infrastructure & Applications with the government of Hunan. Conflux has also expanded its global operations and community with a diverse distributed team of more than 50 members across over four continents, including offices in Toronto, Canada and Lagos, Nigeria.

    Funding rounds


    Profile Country Notes
    YBB Foundation Ltd Venture capital firm with a focus on blockchain projects. China Initial investment. Round participant.


    Profile Country Notes
    7Star Capital Venture capital firm focusing on blockchain underlying technology and Web3.0 applications. Singapore Initial investment. Round participant.


    Profile Country Notes
    Zonff Partners Portfolio fund focusing on venture capital, quant funds and computing investments in the blockchain sector. China Initial investment. Round participant.

    Current and past shareholders

    Investor Round
    7Star Capital logo 7Star Capital
    Venture capital firm focusing on blockchain underlying technology and Web3.0 applications.
    N/A
    YBB Foundation Ltd logo YBB Foundation Ltd
    Venture capital firm with a focus on blockchain projects.
    N/A
    Zonff Partners Zonff Partners
    Portfolio fund focusing on venture capital, quant funds and computing investments in the blockchain sector.
    N/A

    Selected investments

    Country Notes
    DeCus
    High capital efficiency cross-chain custody system dedicated to bringing bitcoin to the DeFi ecosystem.
    N/A
    Initial investment. Round participant. Active