StorX Network Q1 2022 Update Announcement
A lot of people ask us lately, What is next for StorX? How big is Storage Market? You are now reaching 4500+ Nodes? How many more? Is the TAM high enough? Have you thought about new inventions?
BlockChain is innovative, We would have come across multiple stories where blockchain has disrupted business, solved problems, brought economic liberty to the underprivileged. This is the only revolution after the advent of the internet, that has touched and improved their Quality of Life….
When we started StorX, our vision was to revolutionize Storage Market (Offering a world-class decloud and reducing the reliance on monopolistic service providers who currently dominate the market and abuse data) The cloud storage market size was valued at $46.12 billion in 2019 and is projected to reach $222.25 billion by 2027, growing at a CAGR of 21.9% from 2020 to 2027.
What has been StorX Network up to?
From November 2021, We started exploring partnership opportunities with the Decentralize Protocols. We were able to convince and onboard them to test our competencies, we realized there could be great synergies. At this point, we are working with 3 protocols that are keen on using StorX as their storage. We are working with their development teams to integrate our storage into their protocols. Confidential clauses and NDA prevent us from revealing more information. The planning, integration, and testing process currently ranges from 4–to 6 months. There are also talks with multiple protocols which are in different stages of the development phase which we plan to integrate. We have excellent support from the XinFin team.
With the updated roadmap 2022 which is in progress, we want to assure the team behind StorX Network has been working to give the node holders, investors a better ecosystem.
We also invite our stakeholders to be stakeholders to participate in achieving this grand vision. We have come up with multiple bounties and rewards for stakeholders to help us evolve.
We also invite our community members to participate, suggest, and win bounties:
https://gitcoin.co/issue/storxnetwork/website/2/100027476
We also have ongoing bounties where community supporters can participate:
http://storx.tech/community-bounty.html
About StorX
StorX is a decentralized cloud storage network that empowers users to store their data securely on the cloud. Each file uploaded on StorX is split and encrypted into multiple fragments to autonomous storage nodes operated by individual operators worldwide. Designed as the collection of autonomous storage networks, no individual operator has complete access to your data. StorX is not only faster compared to legacy centralized storage providers, but you can also make substantial savings on costs compared to centralized cloud storage services. It also enables users with spare storage capacity to lease space and earn fabulous returns. Register now at https://storx.tech and contribute to building a secure internet.
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