https://x.com/Nuls/status/1979474465550717198

NULS ( $NAI ) and NerveNetwork( $NVT) Asset Merger Proposal

Since its founding in 2017, NULS, as a community-driven public blockchain project, has consistently explored and developed blockchain infrastructure and ecosystem applications. Over the past eight years, the team has never given up and has continuously contributed to both the community and the broader blockchain industry.

However, in the current market environment, NULS has faced severe exchange delistings and liquidity challenges. Despite continuous efforts from the team and community, the high operational and maintenance costs of running a public chain, combined with the persistent lack of market liquidity, have made independent development increasingly difficult.

Most consensus node rewards are no longer sufficient to sustain network stability, and outages of several nodes have led to instability in network operations.

#NerveNetwork, originally developed with support from the NULS ecosystem, is a cross-chain relay network focused on multi-chain asset interaction. After in-depth discussions and evaluations, both parties have reached a strategic merger agreement.

To bring new hope and growth opportunities to the community and token holders, the #NULS team proposes this asset merger with NerveNetwork.
https://gov.nuls.io/gov/proposal/proposalDetail?id=266