At present, Web3 is still in an initial stage of development and exploration. However, many decentralized storage projects have already proactively connected with Web2 enterprises. Recently, a new decentralized storage alliance has been established. One of the most significant focuses for this alliance is to assist web2 organizations in transitioning to web3 ecosystems through advocacy, education, and other best practices. This move indicates that more enterprises will join Web3 soon.
The decentralized storage project Datamall Chain (DMC) ecosystem has also received wide attention from various parties, with Fog Works taking the lead in completing a pre-seed financing of 3 million US dollars. This investment involves multiple well-known investors. It not only affirms the value of DMC's decentralized storage, but also provide support for building a better Web3 world.
Why is decentralized storage essential for Web3?
The nature of the Internet is for communication, democratizing knowledge and communication, bringing people closer in both space and time, and giving everyone more access to information and knowledge. As Web2, i.e., the modern Internet, continues to expand, growing contradictions have emerged. Enterprises and innovators alike are committed to building the next generation of Internet — Web3 and strive to transfer the ownership and decision-making power to individual users. This process requires not only the technical support of Web3 developers, but also the timely transition and proactive efforts to adopt relevant technologies by Web2 enterprises, so as to eventually make a successful outreach to the public.
It is estimated that the global data market will exceed 200 zettabytes by 2025, with enterprise storage accounting for 80% of the total market demand, of which more than 90% will rely on public cloud and other forms of centralized storage to store data. Not mention high cost and low efficiency, power failure and network congestion can easily cause data loss. Therefore, it is particularly important to develop and deploy a decentralized storage solution. Such a solution can elevate the stability of enterprise infrastructure to a new level in a more efficient, convenient and secure storage way.
The decentralized storage solution of Datamall Chain
To achieve a highly efficient marketplace for decentralized storage, DMC creates a sustainable operating environment for each role in the ecosystem. All stakeholders — including storage customers, miners and mining pools, Limited Partners, traders, and developers — are indispensable participants in the DMC's ecosystem.
The DMC storage network is a fully decentralized marketplace that was created exclusively on CYFS, an open-source protocol that enables the creation of completely decentralized apps. The DMC network matches demand for decentralized storage from consumers with supply for decentralized storage from miners. The network also addresses many difficulties and risks faced by decentralized storage customers, such as price gouging, insufficient liquidity, and false storage service capabilities. All of the above is accomplished with no centralized servers or services in place.
The DMC decentralized storage project is committed to building a secure, compliant and extensive data storage and transaction ecosystem, and working with DMC partners to enhance the core infrastructure of Web3, making it the best choice for users.
References:
1. Siakam, Carmen. "3 Steps to Transition Your Web2 Brand to Web3." METAV.RS, 10 Nov. 2022, metav.rs/blog/web3-steps-for-web2-brands.
2. "Decentralized Storage Alliance Launches to Bridge Chasm Between Web2 and Web3." Business Wire, 1 Nov. 2022, www.businesswire.com/news/home/20221031005042/en/Decentralized-Storage-Alliance-Launches-to-Bridge-Chasm-Between-Web2-and-Web3.
3. DMC Foundation. "Datamall Chain (DMC) Foundation Adds 5 Major Strategic Partners to Decentralized Storage Ecosystem." Medium, 11 Nov. 2022, Datamall Chain (DMC) Foundation Adds 5 Major Strategic Partners to Decentralized Storage Ecosystem | by DMC Foundation | Nov, 2022 | Medium
