Cess Network secured $8M in series A, backed by HTX Ventures, DWF Labs, Web3 Foundation, to build the worldâs first decentralized data infrastructure integrating L1 blockchain + limitless storage + AI.
So far @CESS_Storage has surpassed 2.5 million users and 1.1 million addresses, with over 2.63TB of files stored across 8,270 storage nodes, supporting 45PB+ in capacity and 49PB+ of validated space.
They aim to solve key Web3 infrastructure problems by offering decentralized, encrypted data storage & CDN services that ensure data ownership, low-latency access, scalable onchain storage, and privacy.
The two major highlighted problems facing AI and DePIN are low storage + poor retrieval and only Cess Network is building a product to provide a sustainable solution. CESS would offer:
â Fast Data Retrieval
â Secure Data Access
â Unified Storage Price
â Disaster Recovery Guarantee
â Smart Space Management
â Data Ownership Traceability.
@CESS_Storage announced the launch of its native token $CESS and it would be used to pay for storage & bandwidth, stake to run nodes & earn rewards, secure the network via consensus and participate in governance.
$CESS token generation event is set for June 26, 10:00 AM (UTC) with listing on exchanges like @bitgetglobal, @kucoincom, @MEXC_Official
Deposit have also been opened for users who participated in any of CESS Pre-TGE campaigns.