Cere Network is part of a consortium of projects from Polkadot and Cosmos, united by the vision of cross-chain interoperability between blockchain networks. It was created with the purpose of being a trustless and scalable global decentralized ecosystem for all businesses and consumers.
Cere Network is basically a customer relationship management blockchain ecosystem in a decentralized data cloud (DDC) optimized for service data integration and data collaboration. It is built on the scalable and heterogeneous platform of Polkadot.
It is an ethical environment that will help any business develop their own decentralized customer data cloud on top of a blockchain-powered decentralized data network, built from the ground up around privacy, security, interoperability, and an open source philosophy.
The key components of Cere’s differentiation and unique value proposition are blockchain and distributed ledger technology (DLT). They provide the technical foundations for Cere’s decentralized data storage (DDS) and peer-to-peer data collaboration environment.
Fred, Kenzi, and Ian founded the Cere Network in April 2020. Fred is the CEO and co-founder of the Cere Network. Kenzi is the co-founder of the network. Ian is the third co-founder and CTO of the Cere Network.
Elements of Cere Network
Users can use the Cere network for the following purposes:
Content Producer
Users can take advantage of Cere’s complete pack of Web3 solutions to publish content and engage audiences. It can be monetized beyond the limitations of platforms like YouTube and Patreon. It can provide new revenue opportunities and eliminate censorship.
Game Developer
Cere Network instantly brings the power of Web3 into existing games via Cere DaaS. It can acquire new users via play-to-earn. Additionally, it can immediately enable the player’s NFT asset ownership via custodial or non-custodial solutions. Moreover, it unlocks additional revenue specific to game experiences and items.
Decentralized Data Cloud (DDC)
DDC provides a way to permanently store and retrieve data in a performant, usable, and trustless way. DDC 1.0 was launched in Q4 2021 with the launch of Cere’s NFT marketplace.
Benefits of the DDC
The DDC enables users to build Web3 dApps where they own the data. The benefits of DDC are as follows:
Flexible Data storage and Management
It stores and retrieves data in an encrypted or unencrypted way in storage clusters and supports storing large files. It searches uploaded data by CID, tags, and filenames. It stores both mutable and immutable data.
Secure, reliable and GDPR compliant data storage and validation
It replicates data to ensure a high level of availability for critical data. It stores data in a GDPR-compliant way in geofenced EU clusters. It does trustless validation to ensure that data nodes behave correctly through incentive distribution and slashing.
Fast data delivery
It accelerates data delivery through dCDN clusters and streams files to ensure faster loading times.
Built-in file sharing and serverless app hosting
It allows developers to run serverless apps; it creates shareable URLs without the need to run their own web app. It hosts static web apps on the dCDN cluster, including browser-based games.
The Cere online wallet allows users to access content on the Cere Decentralized Data Cloud. It enables its users to truly own their content and data without it being tied to a specific device, platform, or company.
Users can also receive additional offerings based on their interactions and asset ownership profile, giving content creators a new avenue for ongoing fan connection.
Cere Freeport
It is an intuitive solution to set up curated content campaigns and allow fans to directly interact with any content. It transforms user content into monetizable NFTs that can be streamed directly to users’ wallets.
Marketplace
Cere Marketplace drives multi-tier loyalty programs by combining digital collectibles with personalized content to engage fans without intermediaries on their own marketplace. It allows users to buy, sell, and trade their content on NFTs while also collecting royalties for every trade.
Cere Video player
It allows direct streaming of videos to fans, free from the censorship of Web2 giants like Amazon, Google, and Apple. Access can be granted to users via subscription, one-time payments, or pay-per-view models.
$CERE Token
The native token of the Cere Network is represented as the $CERE token, with a market cap of $19,752,956. Its average 24-hour trading volume is approximately $447,120.
Tokenomics
It initially raised $53,000,000. Its tokens are distributed among private rounds, teams, enterprise partners, network development, and others.
Price Statistics
Its fully diluted valuation is $44,096,336. It has a circulating supply of 4,479,500,530 tokens and a total supply of 10,000,000,000. It has an uncapped maximum supply of tokens.
Conclusion: Upcoming Developments in the CERE Network
DDC 2.0
DDC 2.0 is under development, and it will introduce a new dual-layer of storage nodes and decentralized content delivery nodes (dCDN) for improved content deliverability.
Consumer Brand
It transforms product and content with NFT and boosts customer engagement with Cere DaaS, and it integrates them into smooth eCommerce flows and allows users to trade NFTs within their own dedicated NFT marketplace, all within one platform and SDK.
The Consumer Brand is in the development phase and will be launched soon.
FAQs
What are the platforms to buy Cere tokens?
CERE tokens are traded on centralized crypto exchanges. The most popular exchange to buy and trade CERE is OrangeX. Other popular crypto exchanges are KuCoin and MEXC.
Which is the most active trading pair?
The most active trading pair is CERE/USDT.
What is the market sentiment for CERE currently?
The community is very bullish on CERE, as almost 100% of users are expecting a price gain.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
Source: https://www.thecoinrepublic.com/2024/01/26/cere-network-is-developing-advanced-ddc-2-0-and-consumer-brand/