Navigating the Bear Market: Distributed Storage Reviving the Web3 Enthusiasm
CESS Network
the decentralized programmable data Infrastructure for Web3 Data Economy, ensuring data sovereignty and user privacy
This past Sunday marked the successful conclusion of the latest and the first?CESS?Chinese Twitter Space, which achieved a total of 118K views and reached a peak active audience of 4.2K. The live session saw a steady stream of attendees, creating a vibrant atmosphere that is rarely witnessed in the recent Web3 industry.
Jessie Dai,?CESS?co-founder and COO, assumed the role of the main representative throughout the event. The interview, hosted by Mr. Jia Xiaobie, who previously conversed with Vitalik Buterin (co-founder of Ethereum) in an in-person interview, featured an esteemed panel of guests from Bitkan, IG Capital, and Sandbox. They delved into discussions and offered insights on the subject “From Filecoin to?CESS: How Distributed Storage is Reviving the Web3 Craze.” Adding to the dynamic atmosphere, AlanSun, the host from Binance’s Chinese community, brought vibrancy to the live broadcast by engaging in enthusiastic conversations with the guests and sharing his distinct perspectives and vision.
If you missed the live session, you can listen to the?recording?here.
In addition to hosting an impactful Twitter Space event within the Chinese community,?CESS?team’s engagement in several industry summits throughout July stands out. The impressive presentation at Polkadot Decoded remains vivid (Read article:?CESS Attended Polkadot Decoded — Contributes to a Decentralized Multi-Chain Future), while the recent participation in Japan’s WebX facilitated meaningful discussions with many quality Web3 projects. Join us as we revisit the captivating moments from these events.
Enduring Market Swings: Distributed Storage’s Resilient Role as the Industry’s Core Narrative
The idea of Web3 has gained significant popularity, expanding into areas like the internet and artificial intelligence over the past year. However, it’s worth mentioning that the market is currently going through a bear market cycle. Whether we’re talking about NFTs, blockchain-based gaming, DeFi, or distributed storage, all these sectors currently seem restrained and cautious.
Senior journalist Wang Jiajian from Bitkan was invited as a guest, bringing extensive knowledge and research experience in the field of distributed storage. He highlighted two important points while examining the current status?and future potential of distributed storage:
Firstly, unlike the numerous projects in areas like DeFi and GameFi, the decentralized nature of distributed storage,?as Web3’s foundational infrastructure, has led to a more focused approach due to a smaller number of projects. This has resulted in a distinct network effect.
Secondly, despite being in a fundamental infrastructure category that could be overlooked,?the distributed storage sector has shown impressive growth. It consistently introduces new technologies and applications. Notably, projects like CESS are actively exploring technology with the aim of achieving widely-adopted distributed storage solutions on a large scale.
AlanSun, the host from Binance’s Chinese community, also mentioned that decentralized storage applications and products for regular users in Web3 haven’t gained much attention yet. Similarly, developments for businesses are just starting. He envisions that in the next major cycle,?decentralized cloud storage could gain traction by meeting the essential needs of businesses. This underscores that decentralized cloud storage holds promising potential and opportunities, with its rapid growth intricately tied to the overall expansion of the Web3 industry.
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CESS: The 3rd-Gen Decentralized Storage Protocol
So, where does this track stand in terms of its current development stage? What type of decentralized cloud storage is the industry in need of?
According to Jessie, co-founder & COO of?CESS, the Web3 industry relies on three essential foundational modules:?decentralized computing, storage, and retrieval. Without a mature underlying infrastructure, the future upgrade of the internet could face challenges. In Web3, decentralized storage serves as not only one of the three pillars of blockchain technology but also stands as an early and vital infrastructure component.
Since its inception, decentralized cloud storage has now?advanced into its third generation. The first generation introduced the concept of decentralized storage, yet it was confined to token mechanisms and lacked practical storage functionality, leading to simple mining projects. The second generation of decentralized cloud storage protocols encompassed a complete protocol layer, storage infrastructure, and incentive economic models. It achieved fundamental storage capabilities and basic retrieval functions. However, it’s evident that these phases fell short of adequately meeting the practical industry needs.
The emergence of the third-generation decentralized storage protocol, represented by?CESS, is strategically aligned to meet the demands of extensive commercial storage. Its core objective revolves around establishing a comprehensive storage network and a future-ready content distribution system. This advanced protocol?encompasses several pivotal elements:
This is?CESS’s key achievement and ongoing focus. As the first blockchain network supporting extensive commercial storage,?CESS?stands as a secure, efficient, open-source, and scalable decentralized storage solution. It offers the optimal solution for high-frequency dynamic data storage and retrieval in Web3.?CESS’s pioneering Decentralized Object Storage Service (DeOSS) —?the S3 in decentralized storage, effectively addressing enterprise-level commercial storage needs.
Jessie’s perspective highlighted an internet future rooted in interconnected value. In this context,?CESS?is more than a storage public chain; it becomes?a dynamic data value network.?CESS?enables data valuation, seamless flow, and sharing of data values within its network. Simultaneously, it ensures user data privacy protection and unwavering data ownership through a trustless approach.
Japanese Users Discover CESS’s Tech Charm at WebX
At the recent WebX (the largest Web3 conference in Japan),?CESS’s groundbreaking technology garnered significant attention from attendees. Along with many exceptional projects, the?CESS?team showcased their innovative achievements in blockchain technology. Through face-to-face interactions at the event, the team noticed that Japanese users displayed a keen interest in the project’s technical depth and future potential. Their strong community loyalty and trust further reinforced this. With a steadfast focus on four years of decentralized cloud storage development and an active local market presence, coupled with community-centric WebX activities,?CESS?has?successfully captured heightened attention among local users.
As the representative project of the third-generation decentralized storage protocol,?CESS?remains committed to building data storage and content distribution networks. It aims to furnish a decentralized full-stack solution for high-frequency dynamic data storage for Web3, hosting enterprise-level and decentralized applications (dApps) with a massive user base. Concurrently serving as a data value exchange network,?CESS?will facilitate the monetization and circulation of user data with privacy and ownership protection.?CESS?stands poised to contribute a robust storage infrastructure for the advancement of Web3.