🎉Good news! Covalent Network (CQT) announced that it has completed a strategic financing of US$5 million to drive market growth in the second half of 2024. This round of financing was led by RockTree Capital, and CMCC Global, Moonrock Capital, and Double Peak Group also participated.

🔍CQT aims to become a leading modular data infrastructure layer to solve the two major challenges facing blockchains: ensuring long-term data availability and providing verifiable structured data for AI. It has served more than 3,000 organizations worldwide, covering more than 225 blockchains, and providing extensive on-chain data access for fields such as AI, DeFi, and GameFi.

🔔It is worth mentioning that former BitMEX CEO Arthur Hayes has joined CQT as a strategic advisor and will help it bring long-term data availability and Ethereum time machine to decentralized AI. At the same time, CQT also released a comprehensive rebranding, breaking away from the influence of traditional enterprises and aligning with core crypto values. This is part of the New Dawn plan, let us look forward to its future performance! 🚀