Chainbase Raises $15M to Grow Omnichain Data Network
Chainbase's aim is to provide unbiased and transparent data that is not controlled by a small number of dominant companies.
Updated Jul 18, 2024, 2:10 p.m. Published Jul 18, 2024, 2:07 p.m.
Omnichain data network Chainbase has raised $15 million in Series A funding with Tencent Investment Group, Matrix Partners and Hash Global among the investors.
Chainbase is an interoperability layer that is building the "first crypto world model", to deliver data from across the cryptocurrency spectrum, according to an emailed announcement on Thursday.
Its aim is to provide unbiased and transparent data that is not controlled by a small number of dominant companies.
Chainbase will use its fresh capital to grow and spur adoption of its network and build up AI capabilities.
Read More: Web3-AI: What’s Real, and What’s Hype
Jamie Crawley
Jamie joined CoinDesk as a news reporter in February 2021 after writing widely about crypto and blockchain for two years in other roles. Away from crypto, Jamie runs a lot and loves all things sport. He holds small amounts of BTC, ETH, ADA and LTC.
