Decentralized cloud storage aggregator ColdStack gets investment from Digital Finance Group
ColdStack, a decentralized cloud aggregator, announced it has received a strategic investment from DFG — Digital Finance Group.
“We are really excited to partner with DFG. They’re one of the most reputable and successful investment companies in the blockchain ecosystem and have an excellent track record of finding the most cutting-edge projects in the sector. There’s no doubt that DFG’s involvement will help our system reach its full potential. ” said Alexander Shishow, CEO and founder of ColdStack.
The ColdStack platform aggregates decentralized data storage networks such as Filecoin. By optimizing storage solutions with its AI-based pipeline, ColdStack provides users with the most cost-efficient and secure way to store their files.
Featuring a unified Amazon S3 compatible API, ColdStack allows users to easily access decentralized storage solutions. ColdStack focuses on providing bulk storage for data that is not accessed regularly but is still required to be stored perpetually. Its tokenization system also allows users to easily create and store their own NFTs, and utilize these assets on any NFT marketplace.
“At DFG, we believe in supporting products that will solve major issues in blockchain, such as distributed data storage,” said James Wo, founder of DFG. “Coldstack, the first market aggregator of decentralized data storage is a clear example of a much-needed upgrade to a growing and promising sector of the industry. It allows users to directly connect data storage nodes without hard settings. Additionally, it can be linked to all distributed storage nodes through the Coldstack network, and users can directly aggregate with it on the Coldstack application. We are convinced that the reliability and security of Coldstack’s distributed storage will have outstanding results in the future.”