Functionland has introduced BAS, peer-2-peer local storage for file/photo safekeeping, challenging the cloud storage and service subscription economy. In addition, it creates value by auto-minting tokens for the users and allocating a share to the developers.
Cudo’s layer 1 blockchain network will be utilised for file transactions, peer-2-peer payments, and rewards as part of the partnership. Cudo will also provide Functionland with scalable computing from data centre servers, gaming PCs, and mining rigs.
Blockchain technology enables the transactions and file locations to be recorded. In addition, the computational capacity of these local storage pools will contribute to the Cudo supply network.
Commenting on the collaboration, Nuno Perreira, vice president of partnerships at Cudos, said, “Our partnership with Functionland aligns on the principles of decentralisation and democratisation. Our applications at Cudo Compute are designed to benefit consumers by utilising the spare capacity of existing hardware, thereby providing them with a new revenue stream. Functionland, on the other hand, provides consumers with the ownership of storage infrastructure and democratises access to cutting-edge technologies like AI and blockchain. They aim to create an open ecosystem for software/hardware developers by offering ‘Monetized Open Source,’ and we are happy to be part of this shared vision.”
Both Cudos and Functionland are challenging the monopoly of the centralised cloud computing giants. While Functionland aims to protect the consumers from the rising cloud subscription costs and lack of data privacy with its Blockchain-Attached Storage (BAS), Cudos is building an alternative, sustainable solution to provide near-limitless computational capacity through a distributed network of nodes.
Keyvan M. Sadeghi, CEO of Functionland, commented, “Functionland is developing Borg, a layer 3 blockchain with big.LITTLE architecture. The “LITTLE” nodes in a pool are constrained by CPU and storage. Hence there’s a need for “big” nodes within the same pool to process heavier loads such as validating layer 2. Cudos and Borg can synergise by Cudos being a “big” node provider for Borg. In turn, Borg “LITTLE” nodes add extra compute power to the Cudos network. We are excited and honoured about our partnership with Cudos, and we believe it will accelerate growth for both companies.”
The Cudos network is gearing towards our mainnet launch and will begin the final phase, Collins, of the incentivised testnet, Project Artemis towards the end of January. Functionland will test the capabilities of the blockchain by deploying dApps. They will also stretch our scalable computing layer and provide feedback to the Cudo compute product team.
You can be part of Cudo Compute too. Join our free testing period and get access to free compute resources! Register your interest!
What is Functionland’s Box?
Functionland’s Box is a decentralised, privacy-focused, open-source storage and computing solution that’s secured by Blockchain technology. It is small enough to fit on your desk. Its low-power hardware runs the backend software and acts as a decentralised server. Using the Borg protocol, it exchanges data and files with other nodes. The box will be with high-quality free apps. To start with, these include photos, files, and password manager. It will be launching soon on Kickstarter, and you can subscribe here to get notified and get 50% off on launch day.
Cudos is powering the metaverse bringing together DeFi, NFTs and gaming experiences to realise the vision of a decentralised Web 3.0, enabling all users to benefit from the growth of the network. We’re an interoperable, open platform launchpad that will provide the infrastructure required to meet the 1000x higher computing needs for the creation of fully immersive, gamified digital realities. Cudos is a Layer 1 blockchain and Layer 2 community-governed compute network, designed to ensure decentralised, permissionless access to high-performance computing at scale. Our native utility token CUDOS is the lifeblood of our network and offers an attractive annual yield and liquidity for stakers and holders.