Decentralized cloud storage platform Storj has partnered with CUDOS, a decentralized physical infrastructure network focused on artificial intelligence and Web3.
In an announcement on Aug. 20, Storj stated that the collaboration between the two platforms aims to advance distributed compute and cloud storage solutions.
The alliance with CUDOS involves Valdi, an on-demand AI compute provider that Storj recently acquired, and Cudo, the parent of CUDOS that’s a cloud partner of Nvidia.
“Our distributed storage solutions ideally complement CUDOS’s compute infrastructure. Together, we’re creating a powerful platform that sets a new standard for scalable services that are a cost-effective and high-performance alternative to hyperscalers like Amazon for enterprises with a rapidly growing, high volume of data and rigorous standards for performance, security and sustainability.”
Storj CEO Ben Golub.
Storj and CUDOS plan to leverage their collaboration to bring multi-petabyte storage capacity on-chain. Along with Storj’s solutions, the platforms will utilize NVIDIA’s H100 and H200 chips to support the expanding AI market.
This initiative aims to provide businesses and developers with scalable and cost-effective solutions in the compute and storage sectors.
Read more: STORJ price skyrockets amid recent market-wide recovery
Storj’s competitors
Storj’s partnership with CUDOS follows a recent collaboration with cunoFS, a solution by software firm PetaGene. This joint effort aims to enhance AI and video workflows, allowing creative professionals to benefit from scalable, secure, and cost-effective file storage.
Storj’s competitors in the decentralized cloud storage space include Filecoin (FIL) and Arweave (AR).
Another platform offering decentralized storage tools is AIOZ Network (AIOZ), whose W3S provides for an S3-compatible web3 storage network for developers and businesses. The AIOZ Network is powered by DePIN.
Per a recent report, the DePIN market has witnessed a significant surge in funding for early-stage projects, including for crypto project IoTeX.
You might also like: Solana sees DePIN surge with Render, Helium
