CESS announced the completion of an $8 million Series A funding round, dedicated to building a data value network

CESS officially announces the successful completion of its Series A financing, with a total amount raised reaching 8 million USD. This round of financing was jointly participated by well-known investment institutions including HTX Venture, Infinity Ventures Crypto, DWF Labs, Mentha Partners, Vespertine Capital, Singchain Investment, 7 O'Clock Capital, SolrDAO, FishDAO, IGG Capital, and Winkrypto.

These funds will be used to promote CESS's technological innovation in the fields of decentralized cloud storage and CDN, creating a secure, transparent, and efficient data value network. The CESS data value network is built on the DePIN concept as a Layer 1 infrastructure, characterized by decentralization, efficiency, security, privacy, and scalability. CESS's pioneering decentralized object storage service (DeOSS) supports large-scale commercial storage and can accommodate phenomenal decentralized applications (dApps); it introduces a decentralized CDN layer that scientifically and effectively incentivizes caching miners and retrieval miners, achieving millisecond-level data retrieval and return. CESS supports the monetization of data and the free flow/sharing of data value, while implementing user data privacy protection and data sovereignty returning to data owners in a trustless manner, thereby constructing a prosperous, diverse, and sovereign data asset economy.

CESS innovatively employs mechanisms such as the randomly selected rotating consensus node mechanism (R²S), multi-replica recoverable storage proof (PoDR²), multi-type data rights confirmation (MDRC), decentralized proxy re-encryption, and executable environment TEE to ensure data integrity, security, traceability, and privacy. It incentivizes different types of network participants, such as hardware resource providers, node validators, developers, and users, to engage in network construction, promoting healthy development and growth of the network under community governance.

CESS reshapes the industry's approach to data storage, management, and utilization, empowering data creators and owners to redefine the distribution of value in data asset circulation, facilitating the arrival of the next generation of the internet— the "Value Internet," where developers, creators, merchants, platforms, and consumers can all participate.
CESS is a blockchain-based decentralized cloud storage network and CDN network that supports online data storage and real-time sharing, providing a full-stack solution for the storage and retrieval of high-frequency dynamic data in Web3.

The CESS data value network is built on the DePIN concept as a Layer 1 infrastructure, characterized by decentralization, efficiency, security, privacy, and scalability. CESS supports large-scale commercial storage and can accommodate phenomenal decentralized applications (dApps); CESS supports the monetization of data and the free flow/sharing of data value, while implementing user data privacy protection and data sovereignty returning to data owners in a trustless manner, thereby constructing a prosperous, diverse, and sovereign data asset economy.