Startup Behind Siacoin Storage Platform Raises $3M, Rebrands as Skynet Labs
Skynet Labs has raised a $3 million funding round led by Paradigm, aiming to offer developers decentralized storage solutions for all types of applications.
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With nearly $8 million in market capitalization, the cryptocurrency attempting to take a slice out of the enterprise cloud storage industry largely dominated by huge firms like Amazon (Amazon S3), Google (Google Cloud Storage), Microsoft (Microsoft Azure) and Dropbox (Dropbox for Business), SiaCoin, has begun to break into the mainstream. Nebulous Labs, the developers behind the project, say although SiaCoin has been flying under the radar for over a year now, it has begun to take off recently, and has been dipping in and out of the top 15 on CoinMarketCap. CoinTelegraph spoke to lead....
Siacoin is a new prominent cryptocurrency, used by the Sia network – an actively developed decentralized storage platform. Sia represents a peer-to-peer network that consists of many individual hard disk drives, connected to the united global network. The network is fully decentralized, and cryptographically secured. Unlike centralized cloud storage platforms, Sia allows users to store data in the cloud without losing control, which is possible by uploading data on many different hosts that cannot manipulate it in any way. Hosts are getting paid for the data storage, whereas payments are....
In this episode, the Bitcoin price is struggling again. We talk to the developers of Siacoin, a decentralized storage solution. The developers explain in this interview that they believe the coin can and the technology can actually compete with commercial storage solutions. We're looking to talk to as many altcoin teams as possible over the coming months. The older the coin, the sooner we'd like to run an interview with them. If you know developers of coins with growing or dedicated communities, please encourage them to get in touch. We are not a Bitcoin-only site, despite the e-mails....
On August 31, 2021, Offchain Labs announced the official launch of Arbitrum One mainnet and further detailed that the company has raised $120 million in funding. The Series B financing led by Lightspeed Venture Partners gives the firm a $1.2 billion valuation. Arbitrum One Mainnet Is Now Live, Offchain Labs Raises $120 Million in Funding The highly anticipated Arbitrum One mainnet launch has been revealed by the firm Offchain Labs and the startup also detailed the company has raised $120 million in financing. Bitcoin.com News has written about the Arbitrum One Layer-2 scaling solution on a....
Decentralized cloud storage provider Storj Labs Inc. has announced that its second round of network testing called "Test Group B" has reached the 1 petabyte milestone of managed storage space. Test Group B is an in-depth test of the platform's storage client DriveShare, a software that enables users to earn money by sharing extra hard drive space. The Storj Test Group B has reached 1,173 terabytes in storage space and currently supports 293 users online. "We're extremely pleased by the support and validation we've received from our community," said CEO Shawn Wilkinson in a statement.....