Nebulas is a platform based on decentralization that provides a search framework for all blockchains. The platform aims to provide the users with cross-chain and unique search functions within decentralized applications (Dapps). Besides, Nebulas offers users a new form of on-chain interactive marketing. This enables the platform to establish on-chain data monitoring and analysis. 

According to the whitepaper, Nebulas’ blockchain faces several challenges like up-gradation of protocol, the effectiveness of blockchain application and smart contracts, and interaction of information on blockchains. Therefore, Nebulas aims to develop a decentralized application (Dapp) ecosystem and provide a developer-friendly positive feedback system.

Nebulas aims to provide a standard of value to measure the value of blockchain’s underlying data. This is carried out through Nebulas Rank (NR), the platform's core ranking algorithm, and a measure of value in the blockchain ecosystem. The algorithm works based on interactivity between users, liquidity, and propagation of users’ assets. 

The team behind Nebulas also aims to adopt Proof-of-Devotion (PoD) consensus algorithm. PoD is a consensus algorithm for the Nebulas ecosystem. It aims to provide a measurable value to every platform user, based on their contribution size to the Nebulas ecosystem. The consensus algorithm of PoD provides influential users the chance to receive Nebulas block rewards and transaction fees as revenue. 

NAS is the native token of the Nebulas ecosystem. NAS can be utilized for payment of transaction fees and computing service charges. The Nebulas team also aims to establish a Developer Incentive Protocol (DIP) for developers of Dapps and smart contracts. Through DIP, the team rewards developers whose smart contracts and DApps deployed online have high NR value.

Nebulas’ whitepaper was published in 2017. Hitters Xu is the founder and CEO of Nebulas. He is a blockchain pioneer in China and has led several blockchain communities. Guan Wang is the co-founder of Nebulas. He is a serial entrepreneur in the blockchain industry. The team initially planned to circulate a total supply of 100,000,000 NAS.