This project processes 600 million queries a day, and even Tencent is supporting it?
Can you believe it? There is a blockchain project that handles 600 million data queries every day, which is equivalent to every person in China ordering takeout once a day! This is Chainbase, a tough player dedicated to being the 'data translator' for AI and blockchain.
What’s impressive is not just the frightening numbers, but its ability to transform messy on-chain data into a format that AI can understand—like turning a pile of raw meat into a ready-to-eat hot pot, so developers can use it right away. Tencent and JD Capital invested 16.5 million dollars, pushing its valuation directly to 1 billion. That’s quite the insight, right?
Now, its C token can serve as 'data currency', needed for data queries and computational power, with staking earning 8-18% annualized returns. It just got listed on Binance, having risen nearly 60% in 30 days, although it has since pulled back. However, I heard there will be unlocking soon, so those looking to invest should watch for the right timing~
