An Intellyx Brain Candy Update
Since we last covered Storj in March 2024, the company acquired VALDI, a purveyor of GPU and CPU capacity it sources from third parties with excess capacity around the world.
This model is identical to Storj’s original storage capacity offering, where it abstracts spare storage capacity from third parties, providing secure S3-compatible storage at a lower price point and lower carbon footprint than alternative cloud storage offerings.
By offering compute as well as storage in this manner, Storj can now compete favorably with public clouds.
Both its storage and compute offerings have passed the network tipping point, as sufficient participants have offered their excess capacity to meet all of Storj’s customers’ needs.
The company is now crossing the chasm, as sufficient early adopters have proven its model, leading to an explosion of early majority customers.
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