Alibaba Cloud announces a deep strategic partnership with the full-chain data network Chainbase.

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 in the Web3 x AI track.

This collaboration has significantly enhanced scalability, and with the help of Alibaba Cloud's global cloud computing infrastructure, developers in the Web3 field can now accelerate the development of blockchain applications and maximize the efficiency of obtaining and utilizing the value of on-chain data.

Chainbase recently announced the completion of a $15 million Series A financing round led by Matrix Partners, with participation from Folius Ventures, DFG, Hash Global, JSquare, Mask Network, and Bodl Ventures.