April 20, 2021, San Francisco, CA — Cere Network, the first decentralized data cloud platform, today announces that Cere tokens sold out within an hour in the project’s token offering on the Republic platform. Due to significant demand, the Cere Network is launching its public sale through three platforms in an industry-first. Following the sale hosted by Republic, Cere will be made available through Polkastarter and DAO Maker. Cere Network is backed by Binance Labs, Fenbushi Capital, Arrington XRP Capital, Republic labs, OKEx, AU21 Capital, Kenetic Capital, NGC Ventures, QCP Capital, Woodstock Fund, JRR Capital, Ledger Prime, G1 Ventures, ZB exchange, Gate.io Exchange, Spark Capital and others.
“With Snowflake having the largest software IPO in history in 2020, Cere Network’s decentralized data cloud shows the immense opportunity still present when it comes to data clouds,” said Fred Jin, co-founder of Cere Network. “The demand and incredible sell-out through Republic show that Cere’s enterprise business offerings can further improve the decision-making and functionality for its Fortune 1000 clients by freeing data from walled gardens.”
The Cere DDC platform is available natively to all other Polkadot ecosystem projects and establishes a more secure first-party data foundation in the cloud by using blockchain identity and data encryption to onboard and segment individual consumer data. This data is then automated into highly customizable and interoperable virtual data sets, directly accessible in near real-time by all business units, partners/vendors, and machine-learning processes. Cere’s public offering on DAO Maker will take place on April 22, with the Polkastarter public offering taking place at the beginning of May.
“Cere Network is one of those rare blockchain projects that has actual products and real-world clients,” said Boris Revsin, head of Republic Capital. “Having been around since 2019, they solidified their product during a bear market and utilized their Silicon Valley background to scrap, hustle and build legitimacy. What you’re seeing with their sale on Republic is the effort of their hard work.”
Find out more about Cere here: Cere.Network
Find out more about the upcoming Cere Network public offerings on Cere’s Telegram Announcements: https://t.me/cerenetwork.
About Cere Network
Cere Network is the first decentralized data cloud platform in alignment with Polkadot, optimized for service data integration and data collaboration. While most enterprise blockchains are simply distributed ledgers, the Cere DDC platform is built from the ground up to power the new generation of first-party customer data ecosystems. Harnessing similar goals to cloud platforms like Snowflake, Cere’s DDC platform is delivering on a new decentralized level of data privacy, data agility and data interoperability.
Cere Network is founded by former executives from Amazon, Twitch, D-Link and Bebo. Cere is backed by Binance Labs, Arrington XRP Capital, Fenbushi Capital and Neo Global Capital, among others. The company is headquartered in San Francisco, with offices in New York and Berlin.