Cryptape Co., Ltd.

Cryptape Co. , Ltd. is a technology firm focused on blockchain infrastructure, specializing in the Nervos CKB platform. The company develops solutions promoting privacy and decentralization for diverse markets, including Asia and North America.

Founded in 2016 and headquartered in Hangzhou, China, Cryptape Co. , Ltd. develops blockchain technologies to support decentralized solutions. The company has engaged in two deals, with its most recent funding round occurring on December 1, 2017, when it raised CNY 6.

000 mn from investors including iPaynow. The founder, Hanjian Xie, has a history of innovation within the technology sector. Cryptape specializes in developing a robust blockchain infrastructure centered around the Nervos CKB platform, a public permissionless blockchain. Key offerings include the CKB-VM, a virtual machine for executing scripts, and the CKB Light Client for lightweight blockchain access.

These products support individual sovereignty and privacy through Proof-of-Work principles, serving developers and enterprises needing secure decentralized solutions for asset management and privacy protocols, particularly in Asia and North America. Cryptape generates revenue through partnerships and direct services for businesses utilizing its blockchain infrastructure. Revenue streams include software licensing for its CKB-VM and CKB Light Client, as well as consulting services for blockchain implementation. Contracts are structured around long-term agreements and project-based engagements, with pricing reflecting the scale of implementation and required support.

In December 2017, Cryptape Co. , Ltd. raised CNY 6. 000 mn in Series A funding from CMB International Capital Management to support its growth initiatives.

The company plans to enhance its product offerings, focusing on new developments within the Nervos CKB platform and expanding its reach into more markets, particularly in Europe and South America, by 2025. This funding will enable Cryptape to accelerate product development and facilitate entry into these new geographic regions.