Alibaba Cloud announces deep strategic cooperation with Chainbase, a full-chain data network.

Odaily Planet Daily News: Chainbase, as Alibaba Cloud's first deep partner in the Web3 field, will leverage Alibaba Cloud's powerful tools to further empower the cutting-edge technology exploration of Web3 x AI, unleashing the unlimited potential of full-chain data. This is not just a handshake but a milestone in the integration of blockchain and cloud computing.

This collaboration has significantly improved scalability. With the support of Alibaba Cloud's global cloud computing infrastructure, developers in the Web3 field can now accelerate the development of blockchain applications, efficiently accessing and leveraging the value of on-chain data.

Chainbase recently announced the completion of a $15 million Series A financing round led by GGV Capital, with participation from Folius Ventures, DFG, Hash Global, JSquare, Mask Network, and Bodl Ventures. The future is here, as Alibaba Cloud's blockchain, big data, API, and data synchronization services drive Chainbase to the forefront of decentralized innovation.