Established utility projects have been taking off, including cere.

Cere Network is a project focused on building next-generation data infrastructure for Web3 and AI applications. Founded in 2019, Cere aims to offer faster, more efficient data storage and retrieval compared to platforms like IPFS, solving some of the scalability and accessibility challenges of current decentralized storage solutions.

Key Features of Cere Network:

• Working Infrastructure: Cere’s platform enables both data storage and retrieval, addressing gaps in functionality present in many decentralized storage systems today.
• AI-Driven Vision: Recently, Cere showcased its AI edge compute vision at CryptoAicon, discussing how AI can integrate with decentralized infrastructure. You can check out the full presentation on their Twitter (@cereofficial).

Competitive Landscape:

Cere operates in a competitive space with projects like:

• Filecoin ($2.55B market cap)
• Arweave ($1.2B)
• Akash ($1B)
• Aioz ($900M)

Despite these competitors, Cere’s market cap is currently $15M. This suggests a potential opportunity for those interested in alternative data infrastructure solutions, though there are risks associated with any emerging project.

Funding & Development:

• $40M Raised: Cere has received significant funding, including backing from Binance Labs.
• Developer Team: The platform has a team of over 60 developers, positioning it as a capable competitor despite its relatively small market cap.

Upcoming Developments:

Q4 2024:

• Launch of AI Tools to enhance Cere’s data infrastructure.
• Second-party data clusters will be introduced, offering scalable, secure solutions for AI-driven applications and customizable dApps.

Q1 2025:

• Third-party data clusters will enable individuals and enterprises to create decentralized nodes for data monetization.
• Increased staking rewards for token holders as the ecosystem grows.
• A PR and marketing push will ramp up to increase awareness.