We prepared new varied diblock copolymers by ring‐opening metathesis polymerization of functionalized norbornenes and cyclooctene in the presence of Schrock‐type initiators, either Mo(CHCMe2Ph)(N‐2,6‐iPr2Ph)(OCCH3(CF3)2)2] or Mo(CHCMe2Ph)(N‐2,6‐iPr2Ph)(OC(CH3)3)2]. The block copolymers were microphase separated and presented the individual phases of each polymer block constituent, that were amorphous/amorphous, amorphous/semicrystalline, or semicrystalline/liquid‐crystalline. One example of such a block copolymer is shown.