C Token raises $15 million! Tencent and Matrix Partners make a strong entry, with a valuation breaking $1 billion, reshaping the Web3 data landscape!
Chainbase announces the completion of a $15 million Series A financing, led by Tencent Investment Group and Matrix Partners China, with a post-financing valuation exceeding $1 billion. This round of financing will be used for mainnet upgrades, Theia AI model development, and global market expansion, aiming to serve over 50,000 developers by the end of 2025.
The infusion of capital has directly driven the market performance of C Token. Following the announcement of the financing news, trading volume for C Token surged by 200% on platforms such as Binance and Bitget, and its market cap ranking jumped into the top 10 among Web3 infrastructure tokens. On-chain data shows that the proportion of institutional investors' holdings has increased from 10% to 25%, making it one of the most sought-after star projects in the recent crypto market.
Technical deep dive:
Chainbase's dual-chain architecture and dual staking mechanism have become the core competitive advantages attracting capital. Tencent Investment Group stated that Chainbase's dual-chain design resolves the scalability and security conflicts of traditional data networks, and its capability to handle over 500 billion data requests proves its commercial viability. Matrix Partners China values the application potential of Theia AI model, believing it will become the 'data operating system' of the Web3 era.
It's worth noting that post-financing, Chainbase plans to launch a 'Data as a Service' (DaaS) platform, allowing enterprises to access on-chain data through a subscription model. This model is expected to generate $10 million in monthly revenue by Q4 2025, becoming a new engine for the value growth of C Token.
