Tencent Investment Group and Matrix Partners China have spearheaded a $15 million Series A funding round for Chainbase, an omnichain data network developer. Other participants included Folius Ventures, Hash Global, JSquare, Mask Network, and Bodl Ventures. This round, finalised in the fourth quarter of last year, brings Chainbase's total funding to $18 million, including $3 million from previous seed and angel rounds.
As part of the deal, both Tencent Investment Group and Matrix Partners China secured board seats at Chainbase. Despite the significant investment, Chainbase's co-founder and COO, Chris Feng, did not disclose the company's valuation.
Chainbase aims to streamline access to blockchain data by consolidating it into a single platform, thus simplifying application development and maintenance for developers. Feng highlighted some key innovations, such as a real-time data lake for blockchain-generated data streaming and "manuscripts," a leading data format standard in the cryptocurrency industry. These technologies are designed to transform static on-chain data into dynamic, intelligent models, unlocking new value and expanding market potential.
The Chainbase network mainnet and its governance token, CBT, are set to launch in the fourth quarter of this year. This move is anticipated to further enhance the functionality and reach of the Chainbase platform.
In a recent report, ICBC detailed the distinct development paths of various digital currencies, each meeting specific needs within the financial ecosystem. Historian Yuval Noah Harari noted that human imagination is the driving force behind the rapid growth of cryptocurrency types and applications. ICBC's report reflects a positive outlook on the future of cryptocurrencies.
Last month, Hong Kong announced that residents can now set up personal digital yuan wallets for cross-border payments. This initiative aims to facilitate smoother financial transactions between Hong Kong and mainland China and promote the cross-border use of the digital yuan.
Recently, Bybit removed China from the list of countries restricting its citizens from using its services. This change may attract millions of Chinese users to the platform, which was already ranked fourth on CoinMarketCap's exchange ranking before opening the Chinese market.
Although the Chinese government's stance on this matter remains unclear, actions taken by the Industrial and Commercial Bank of China suggest a possible softening of China's position on cryptocurrencies compared to earlier. In the future, we may see a scenario where the digital yuan is linked to cryptocurrencies.
Recently I have seen many big Vs talking about DWF. Combining this round of cycle narrative and the changes in market sentiment, I have discovered some interesting viewpoints. Is the entire Crypto being meme-ized and simplified from top to bottom, and is it in urgent need of a shot of stimulant?
JinseFinanceWe treat MEME coins as a game and participate in it with an entertaining and joking attitude. It would be great if we could get a small fortune from it that would make us happy.
JinseFinanceDWF, Binance, A Lamborghini leads to a Rashomon between Binance and DWF Labs. He has always pointed out that there is a secret fight among market makers. Golden Finance, the YGG incident brought the issue of DWF's market manipulation to the surface.
JinseFinanceFor the coins that you actively buy and are optimistic about, as long as the team does not have major problems, ignore the small profits and cash them out in the middle and late stages of the bull market.
JinseFinanceAfter we have used some small positions that can be completely sacrificed to bet on some projects that may generate high returns, as long as there is no problem with the project team, we might as well hold on to it.
JinseFinanceDWF Labs invests $10 million in FLOKI tokens, showcasing confidence in Floki's growth. Partnership strengthens, driving visibility and market presence. Investment positions Floki for market leadership amidst cryptocurrency bull run.
EdmundBecause I am deeply engaged in legal services in the Web3 industry, I come into contact with the magical experiences of friends in the currency circle every day. They say that art comes from life, and the love and hatred in the currency circle are much more exciting than novels.
JinseFinanceDWF Labs invests in WAGMI, spiking its market value by 54%.
AlexThis article provides a brief overview of the evolution of artificial intelligence and how it reached its current level of popularity.
JinseFinanceKuCoin's strategic investment in the surprise altcoin ecosystem aims to foster the growth of the TON ecosystem. This partnership, marked by a significant grant and support for mini-applications, reflects a shared vision for a decentralized digital future.
Sanya