Web3 cloud computing platform "4EVERLAND" completed a $2 million financing round, with participation from institutions such as Arweave, WaterDrip Capital, Bing Ventures, Forward Research, Web3.com Ventures, Arweave SCP Ventures, GTS Ventures, Hillstone, and others.4EVERLAND is a Web3.0 infrastructure driven by blockchain technology, integrating various DePIN protocols to provide developers with convenient, efficient, and low-cost storage, networking, and computing capabilities. It is committed to helping developers smoothly transition from Web2.0 to Web3.0 and building a user-friendly Web3.0 cloud computing platform.Before this round of financing, 4EVERLAND had already received grant funding from ecosystems such as Polygon, Protocol labs, Dfinity, and Arweave. 4EVERLAND previously completed a $1.5 million seed round of financing with participation from Bixin Ventures, Fenbushi Capital, FBG Capital, Mint Ventures, Random Capital.

Alan Estevez, the United States undersecretary of commerce for industry and security, has stated that the US is considering restricting Chinese access to cloud-based technologies, similar to the recent interventionary measures taken with AI chips. Estevez expressed concern that AI could be used for military purposes in the future and emphasized the need for control over its use. The US Department of Commerce’s Bureau of Industry and Security has already released a memo outlining new export controls on AI chips, including a worldwide licensing requirement for the export of controlled chips to any US-embargoed country, including China. Recent developments, including blockades by Chinese coast guard vessels of US allied vessels in the Philippines, could further aggravate discussions over potential export restrictions between the US and China.