TechFlow reported that Chainbase, as Alibaba Cloud's first in-depth partner in the Web3 field, will leverage Alibaba Cloud's powerful tools to further enable cutting-edge technology exploration in the Web3 x AI track and unleash 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 achieved a significant improvement in scalability. At the same time, with the help of Alibaba Cloud's global cloud computing infrastructure, Web3 developers can now accelerate the development of blockchain applications and obtain and maximize the value of on-chain data with the greatest efficiency.

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