Holon partners with Protocol Labs to drive adoption of decentralized data storage in Oceania – BlockTribune
Holon partners with Protocol Labs to drive adoption of decentralized data storage in Oceania
Protocol Labs is an open source research, development and deployment lab. His projects include IPFS, Filecoin, libp2p and many more. The company aims to improve orders of magnitude of human existence through technology.
Launched earlier this year, Holon Innovations is a subsidiary of Holon Global Investments, a next generation asset manager. Holon Innovations designs a range of digital asset funds.
Holon Innovations is planning a series of initiatives and partnerships to introduce IPFS and Filecoin to the next generation of developers and investors in the Oceania region.
The first will be the Holon Filecoin Fund, which will open up to large investors and invest in Filecoin mining infrastructure to expand the ecosystem in Oceania.
Filecoin’s open source protocol records data storage commitments made by storage miners, and clients enter data storage agreements with miners using FIL, the network’s native currency. Unlike energy-intensive “proof-of-work” mining, Filecoin miners provide reliable data storage to the global network, think “Airbnb for data storage”.
Systems like Filecoin are a more efficient way to move data around the internet and they have the added benefit of restoring the balance of power away from technological oligopolies and decentralizing data storage allowing anyone to participate as a data provider. storage and monetize spare hard drive capacity.
Filecoin encourages participants to earn more bulk rewards by acting honestly and storing as much data as possible. Currently below one zettabyte, the data storage market is expected to grow 20% year-on-year to reach 175 zettabytes by 2025, according to IDC. This represents enormous potential and opportunity.
“Holon Investments recognizes the power of Web3 technologies and is at the forefront of innovation in Oceania by piloting education and investment projects in this space. We’re excited to collaborate on a number of initiatives that will strengthen the existing community and introduce many new builders and entrepreneurs to the powerful building blocks that underpin the future of the Internet. said Angie Maguire, Head of Growth.
The Filecoin network recently reached the milestone of 6.7 billion gigabytes of storage capacity.
This strategic collaboration between Protocol Labs and Holon Innovations highlights the point of difference for this investment manager who invests to stay ahead by supporting the Internet revolution Web3.0.