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While talking to Storj about the new version, I became interested in distributed storage. On the one hand, there are factors driving its adoption. On the other hand, Sovereign He also seems at odds with other trends such as the cloud. Here’s what I learned. — Anna
Reduce cloud charges
As the amount of data companies generate seems to continue to grow, so too does the cost of the cloud.
Earlier this month, we learned that AWS year-over-year revenue growth dipped into the mid-teens in January as customers tried to cut spending. His Amazon CFO Brian Olsavsky said on the company’s earnings call:
While this preconceived notion has reignited the bare metal debate, it has also created a tailwind for another option: distributed storage. Represented by players like Arweave, Filecoin, Internxt, Sia and Storj, it offers a cheap alternative to hyperscalers.
