European project Nafen combines blockchain with nanofibers production

Crypto-currencies and ICO are, certainly, the VIPs of the world of modern technologies. Having gathered a record $4 billion investments last year, they continue taking the fancy of both professional investors and beginners in the field. Still, according to many experts and analysts, the pace of this crypto-currency fever is gradually declining due to the fact that about a half of all blockchain projects do not reach their goal.

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Until recently, entering the ICO was completely possible for projects without a clear development plan or the ones collecting money for just “some idea”, with no connection to a real product. Now, such approach only indicates the immaturity of a project and is a warning signal for potential investors. It is quite a natural twist: the mistakes made have helped the participants of the crypto-currency process to become smarter and more demanding, the agiotage has subsided.

A working technology and a prototype ready to be scaled should be at the heart of a promising and safe investment project. Only teams from the real economy sector can meet these requirements and the rapidly changing trends of the crypto-industry. Such teams will open the access to high-tech industries to their investors via the ICO.

Yet in this case there are own pitfalls, too. The examples of real production ICO are two projects that succeed in attracting investments for the development: one for a sand quarry openworks, another one for organizing the production of zirconium. In both cases, the product is real (sand and zirconium) but it is not unique and cannot be tokenized. Consequently, these projects have collected their share of investments, but have not shown any results so far.

Becoming a high-yield asset by to combining a new patented material, already operating production and blockchain is possible for a European project, Nafen. The pre-sale on it starts on March 22 and will continue for 2 months. Several years ago, the project team has patented the technology of the production of Nafen aluminum oxide nanofibers, which can improve their structure of various materials when added to it. The production of these nanofibers has started in the European Union, in Estonia. At the moment, the Nafen team cooperates with many large chemical companies in Europe and the USA. The project has repeatedly won in the programs for innovation industry development in the European Union and has received a number of grants from the European Commission.

The demand for European nanofibers explains the plans to expand the production of it. To meet the needs of the Asian and European markets, the team plans to build a new high-tech factory. To do this, it intends to collect 14 million euros with the help of smart contracts and token called NFN based on Ethereum blockchain.

“The high-tech production of Nafen nanofibers is a project that has already passed the stage of a “promising startup”. Now it is a really working business with an experienced team interested in exerting themselves, with a road map, an own industrial site and serious customers. In our case we are talking about a project that is going to disrupt tremendous profits over the next two years.” commented the project’s CEO, Roman Gertcev.

He emphasizes that Nafen can be tokenized, because the nanofibers are a unique patented material that can not be faked or reproduced by some other technology. The exclusivity of the nanofibers and the working production site make the project a promising participant of the blockchain process.

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Nafen nanofibers are thin nanoscaled fibers with a diameter of only 10-20 nanometers and a length of up to 15 centimeters. Such fibers are not found in nature and can only be created by an artificial method. They are produced by controlled synthesis of Al2O3 aluminium oxide nanostructures on the surface of aluminum melt in the presence of special oxidizers.

Being a unique nanomaterial, Nafen is already used to solve many urgent problems. For instance, in the creation of light and strong composite polymer materials for cars and yachts frames and hulls; durable and safe lithium-polymer batteries; various catalyst systems; high-strength concrete compositions, geopolymer composites. Nafen can also be used to create materials of increased durability suitable for extreme conditions — the space and the Arctic.

The patented technology for the production of nanofibers can be easily scaled depending on the volume of demand for the material. This makes Nafen extremely available for application in a wide variety of fields of science and production, compared to other commercial nanomaterials.

Website: www.nafen.co

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