Decentralized storage platform CESS completed US$8 million in financing, with participation from DWF Labs and others

2023-12-29 08:40:27BlockBeatsShare to:

DOT-5.15% ($8.402)

BlockBeats news, on December 29, decentralized storage platform CESS completed US$8 million in financing. This round of financing was funded by HTX Ventures, Infinity Ventures Crypto, DWF Labs, Mentha Partners, Vespertine Capital, Web3 Foundation, Singchain Investment, 7 O'Clock Capital, SolrDAO, FishDAO, OneBlock+, Winkrypto and Polkadot Ecological Research Institute participated in the investment. The new funds will be used to “drive technological advancement, expand global operations, and strengthen CESS’s position in the decentralized infrastructure space.” CESS is both a blockchain network and a decentralized storage system. It allows files to be stored on multiple nodes and identified by their hash value. It consists of four components or "layers" - blockchain, data storage, content distribution and application layer.

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