Ti Capital Announced to invest in Crust Network

SEP. 22, 2020

Crust Network announced that it complete the A round of finance. Beside Ti Capital, the investors include: NGC Ventures、AU21 Capital、Bitscale Capital、Chain Captial、DFG、HashCIB、IOSG、KR1、KNS Group、Lotus Capital、Origin Capital、SNZ、Bitrise Capital、Consensus Labs、waterdrip capital,and additional investment from seed round investor Wujilian tec.

Crust Network also announced partnership with Bitcoin.com、Bithumb、Darwinia and Maskbook, for those investor and partners will do favor to embodies a public cloud infrastructure and further encourage more project construct on Crust Network.

According to IDC, by 2022, the economic output pulled by crypto industry will be 60% of global GDP, and proportion of China crypto economy output will exceed the global average to be 65%. Along with the accelerate of digitalization process and intelligentize, data produced by firms will keep increasing in a dramatic and diversified way; Multi-cloud and cloud-border-end deployment will be more complicate, the demand of data' timeleness and reliability will increase as well, The centralized data storage model need to be changed urgently in order to adapt a brand new web data structure and increasing demand.

About Crust Network:
CRUST provides a decentralized storage network of Web3 ecosystem. It supports multiple storage layer protocols such as IPFS, and exposes storage interfaces to application layer. Crust's technical stack is also capable of supporting a decentralized computing layer. It is designed to build a decentralized cloud ecosystem that values data privacy and ownership.

Currently, Crust token CRU is already listed on Huobi, Crust is also announced the testnet Maxwell CC2, Crust join substrate Builders Program、Web3.0 Bootcamp and get Web3 fund Grant successively. Crust Network, a distributed cloud storage program but not limited by cloud storage, the goal of Crust Network is to embodies the universe decentralization of data storage and computing power.

About Ti Captial:
Ti Capital is a research-driven crypto fund, portfolio of Ti includes: Ti Venture Capital Fund, which focuses on early projects such as Web3.0, Cross-chain project and Polkadot; Ti FIL Mining Fund, one of the first Chinese investors who focus on Filecoin and decentralized storage ecology, with the portfolio including Filecoin mining machines, FIL6, FIL12, Cloud Minning power and other projects . Ti secondary hedge fund has rich asset management experience and a powerful risk management system.

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