IAGON, a Norway-based blockchain startup centered on decentralized cloud computing, has introduced the completion of seed funding to the tune of $3.4 million.
In response to the announcement as we speak, the newest spherical noticed participation from respected crypto and blockchain corporations, led by LedgerLink Labs. Different traders embrace Blockchain Israel, AU21 Capital, Kirin Fund, Coinsgroup, Alphabit, Launchpool, Chymia Consulting, and Trustdao Community, to call however a couple of.
IAGON to Launch Cardano’s First Decentralized Storage
IAGON plans to launch the primary decentralized storage community on the Cardano blockchain, which is able to concentrate on harnessing the storage and processing energy of a grid of computer systems.
Whereas the initiative often is the first on the Cardano blockchain, IAGON famous that it had already applied the same transfer on Ethereum.
Navjit Dhaliwal, the co-founder of IAGON, stated the agency hopes to grow to be a decentralized various to the favored Amazon Net Service (AWS) and different cloud storage platforms by means of the endless help it retains receiving from traders and your complete cryptocurrency group, including:
“We’re excited to have obtained the help of such a large community of traders within the crypto ecosystem, with a specific concentrate on Cardano,” Dhaliwal added.
Constructing a Decentralized Supercomputer
IAGON, which permits its shoppers to retailer totally different information starting from massive knowledge repositories to smaller media information, will leverage the decentralized nature of blockchain to make file sharing quicker and simpler.
Its community additionally permits safe computation whereas permitting superior operations like machine studying and synthetic intelligence to be processed within the decentralized cloud.
The agency goals to leverage unused processing energy to develop a distributed community of nodes that might grow to be a decentralized supercomputer.
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