<p class="is-style-lead">Conflux Network’s CFX token gained over 13% amid a ‘strategic partnership’ agreement with Asia-based venture studio BlockBooster.</p> 
<p>In <a href="https://x.com/Conflux_Network/status/1750866252049068497?s=20" target="_blank" rel="noreferrer noopener">an X thread</a>, <a href="https://crypto.news/tag/conflux/" target="_blank" rel="noreferrer noopener">Conflux Network</a> said the latest deal with the Asia-based venture studio will focus on identifying “web3 incubation opportunities within the Conflux ecosystem,” as the project wants to facilitate “major events for Conflux builders.”</p> 
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   <p lang="en" dir="ltr">🤝 Conflux is excited to announce a strategic partnership with the emerging Asia-based venture studio <a href="https://twitter.com/0xBlockBooster?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@0xBlockBooster</a>! <a href="https://t.co/iqzBB3QWgW" target="_blank">pic.twitter.com/iqzBB3QWgW</a></p>— Conflux Network Official (@Conflux_Network) <a href="https://twitter.com/Conflux_Network/status/1750866252049068497?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 26, 2024</a>
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<p>While no other details have been released, the news was enough to impact the CFX token, which gained over 13% surging to $0.24, according to CoinGecko data. BlockBooster, commenting on the agreement, expressed its intent to support <a href="https://crypto.news/tag/web3/" target="_blank" rel="noreferrer noopener">web3 infrastructure</a>, social initiatives, and gaming projects through the partnership with Conflux.</p> 
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 <img loading="lazy" decoding="async" width="936" height="435" src="https://crypto.news/app/uploads/2024/01/gudfhgu.png" alt="'Chinese Ethereum' Conflux jumps 13% following strategic deal with venture firm - 14" class="wp-image-14243102">
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  CFX price in USD | Source: CoinGecko
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<p> You might also like: <a href="https://crypto.news/conflux-reports-16-losses-following-bitcoin-l2-announcement/"> Conflux reports 16% losses following Bitcoin L2 announcement </a> </p> 
<p>Meanwhile, the blockchain network <a href="https://crypto.news/conflux-to-launch-bitcoin-l2-testnet-expected-by-march/" target="_blank" rel="noreferrer noopener">is gearing up</a> to introduce an Ethereum Virtual Machine (EVM)-compatible layer-2 solution that can interact with the Bitcoin network amid growing interest.</p> 
<p>Conflux’s proposed layer-2 solution will allow users to move Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) and other inscription-powered assets between its blockchain and <a href="https://crypto.news/tag/bitcoin/">Bitcoin</a>‘s ecosystem. The new layer-2 network is set to operate on top of the main Conflux chain, utilizing BTC for gas fees and supporting <a href="https://crypto.news/tag/ethereum/" target="_blank" rel="noreferrer noopener">Ethereum</a>-based smart contracts via the EVM standard.</p> 
<p>Established in 2018, Conflux Network positions itself as a blockchain platform, claiming to be the sole regulatory-compliant public blockchain in <a href="https://crypto.news/tag/china/" target="_blank" rel="noreferrer noopener">China</a>. The project, often referred to as the “Chinese Ethereum,” is designed to offer a scalable and decentralized infrastructure for various applications.</p> 
<p> Read more: <a href="https://crypto.news/dwf-labs-doubles-down-on-conflux-with-28-million-invested/"> DWF Labs doubles down on Conflux with $28 million invested </a> </p>

‘Chinese Ethereum’ Conflux jumps 13% following strategic deal with venture firm

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