Chainbase Secures $15 Million to Expand Blockchain Data Network

IconCryptoNewsTerminal Staff18 Jul, 2024

cryptonews.jpg

Chainbase Secures $15 Million to Expand Blockchain Data Network

Chainbase, a blockchain data network provider, has secured $15 million in Series A funding to expand its global operations. The funding round was co-led by Tencent Investment Group and Matrix Partners China, with participation from Hash Global, Mask Network, and Jsquare. Chainbase plans to use the funds to build communities in major global crypto hubs and launch its mainnet and governance token CBT in Q4 this year. The company's blockchain data network provides real-time, high-quality data to blockchain developers and enterprises, enabling them to build more efficient and reliable applications. Chainbase's CEO and co-founder, Jeff Mei, said, "This investment is a testament to the growing demand for high-quality blockchain data and the value that Chainbase provides to the industry. We are excited to use these funds to accelerate our growth and expand our global reach."

Related News