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Chainbase previously completed a Series A financing round led by Tencent, raising 15 million USD.

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0xTodd🦇🔊
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1 year ago
AI summarizes in 5 seconds.

Chainbase recently completed a $15 million Series A funding round led by Tencent. After reviewing its documentation, there are some analyses worth sharing:

What is Chainbase?

Chainbase is a "data network" dedicated to integrating all blockchain data. In addition to the conventional DA layer, consensus layer, and execution layer, there is also a collaborative processing layer.

The goal of this collaborative processing layer is to create a unified ecosystem that aggregates data from different blockchains (such as Bitcoin, Ethereum, etc.). This allows developers and regular users to easily access, query, and utilize this data.

What problems do they solve?

Overall, it is still aimed at developers, including those in blockchain and AI.

Currently, blockchain data is very fragmented, with different data formats and retrieval methods across various chains. This makes cross-chain data querying or analysis complex and time-consuming.

Chainbase has created a concept called "manuscript." A manuscript is a new data flow framework that can seamlessly integrate on-chain and off-chain data into a target data storage, forming a data network that collects and organizes all on-chain data in real-time, providing a simple and user-friendly interface for developers.

What are the characteristics of their network?

  1. Comprehensive chain data integration: Chainbase collects all data from multiple mainstream blockchains, providing a unified access method.

  2. Real-time and high quality: Their data update speed is very fast, ensuring that users can access the latest information.

  3. AI support: Chainbase has developed an AI large language model called Theia, specifically designed for analyzing and understanding on-chain data. This model can help users query and analyze data more intelligently, providing in-depth insights.

A simple example

Suppose you are a developer wanting to build an application that displays users' asset status across different blockchains. Using Chainbase, you can obtain all the necessary data from one platform without having to connect to each blockchain separately. This greatly saves time and effort.

Alternatively, if you are an ordinary user wanting to understand current trends in the crypto market, you can use Theia AI to ask questions in natural language and receive intelligent, real-time analysis results.

In summary

High-quality, standardized, and stable data supply has always been one of the main lines of AI development. Chainbase simplifies data formats and standardization through specifications like "manuscript," making it better suited for AI use.

The existence of this network is to meet the needs of data-intensive AI projects, enabling them to leverage large volumes of high-quality datasets to drive AI innovation, becoming a new example of Crypto empowering AI.

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