According to Odaily, Chainbase has become Alibaba Cloud's first deep collaboration partner in the Web3 sector. Leveraging Alibaba Cloud's powerful tools, Chainbase aims to further empower the cutting-edge exploration of Web3 and AI technologies, unlocking the limitless potential of on-chain data. This partnership marks a significant milestone in the integration of blockchain and cloud computing. The collaboration has significantly enhanced scalability, and with Alibaba Cloud's global cloud infrastructure, Web3 developers can now accelerate the development of blockchain applications, maximizing the value and utility of on-chain data.
Recently, Chainbase announced the completion of a $15 million Series A funding round led by Matrix Partners, with participation from Folius Ventures, DFG, Hash Global, JSquare, Mask Network, and Bodl Ventures. With the support of Alibaba Cloud's blockchain, big data, API, and data synchronization services, Chainbase is poised to be at the forefront of decentralized innovation.
