akave

According to a report by Businesswire, decentralized enterprise cloud infrastructure company Akave has completed a $6.65 million funding round, with participation from Protocol Labs, No Limit Holdings, Blockchange, Lightshift, Blockchain Builders Fund, Big Brain Holdings, the Avalanche Foundation, and the Filecoin Foundation.Akave's decentralized cloud storage platform, Akave Cloud, is built on the Avalanche L1 blockchain and aims to provide S3-compatible decentralized storage solutions for AI applications. The platform supports on-chain verifiability and programmable access control, and does not charge data egress fees. Akave Cloud can integrate with platforms like Snowflake and Apache Iceberg, and offers options for long-term archiving to the Filecoin network.

ChainCatcher news, the decentralized data storage project Akave has completed a $3.45 million funding round, with participation from Protocol Labs, Blockchange VC, Lightshift, and Blockchain Builders Fund. This funding will be used to accelerate Akave's development in on-chain data management.Akave has launched the Yucca testnet, open to early testers, for exploring on-chain data storage and programmability. As a hot storage Layer 2 solution for Filecoin, Akave provides tools for enterprises, AI companies, and DePIN developers to move beyond traditional cloud storage, build on-chain data lakes, and promote the development of data ownership and new data monetization models.In addition, the Filecoin L2 project Storacha has also announced the launch of its Alpha version network for the Filecoin ecosystem, focusing on high-performance hot storage, primarily targeting high-demand application scenarios such as gaming, AI, and DePIN. Storacha was founded by core developers of IPFS and Filecoin, dedicated to providing a distributed storage experience comparable to traditional S3.