Blockchain startup Chainbase has partnered with Alibaba Cloud to reduce operational costs for decentralized data distribution. This collaboration aims to cut expenses by 50% for Chainbase, which provides Web3 infrastructure for AI interactions.
In a Thursday announcement on X, the Singaporean startup Chainbase revealed that its partnership with Alibaba Cloud will significantly cut operational costs and boost its focus on decentralizing data networks. Chainbase reported a 50% reduction in operational costs and 100% uptime during its petabyte-level migration.
The startup also aims to leverage Alibaba Cloud’s community resources to speed up its network and AI model development, though it did not specify a timeline or detail the terms of the collaboration.
Blockchain startup Chainbase has partnered with Alibaba Cloud to reduce operational costs and enhance its decentralized data network. This collaboration is set to improve Chainbase’s storage and GPU computing power, achieving 100% uptime during a major data migration process. Chainbase, founded in 2021, recently raised $15 million in a Series A round and plans to launch its mainnet and governance token CBT in Q4 2024. Alibaba has been expanding into blockchain, with its subsidiary Ant Group introducing ZAN for blockchain development tools.