Web3 Decentralized Storage Firm W3 Storage Lab Adjustments Title to Fog Works

Fog Works

“Our aim is to make Web3 a actuality for on a regular basis shoppers,” mentioned Xinglu Lin, CEO of Fog Works. “As a result of we’re making Web3 work for everybody, the title Fog Works actually encapsulates our imaginative and prescient. We’re excited to construct a model round it.”

SUNNYVALE, Calif. (PRWEB)
September 20, 2022

W3 Storage Lab introduced immediately it has modified its title to Fog Works. The brand new title higher displays the corporate’s positioning, has larger brand-building potential, and is extra indicative of the corporate’s imaginative and prescient of being a key builder of Web3 infrastructure, functions, and gadgets.

The title Fog Works is derived from the time period fog computing which was coined by Cisco. Fog computing is an extension of cloud computing: a community structure the place computing and storage is usually decentralized and pushed to the sting of the community, however a cloud nonetheless exists within the heart. Web3 is a completely decentralized, blockchain-enabled iteration of the web. By being solely decentralized, Web3 is actually the last word fog computing structure with no cloud within the heart.

“Our aim is to make Web3 a actuality for on a regular basis shoppers,” mentioned Xinglu Lin, CEO of Fog Works. “As a result of we’re making Web3 work for everybody, the title Fog Works actually encapsulates our imaginative and prescient. We’re excited to construct a model round it.”

Fog Works has co-developed a subsequent era distributed storage ecosystem that’s primarily based on the general public blockchain, CYFS, and the Datamall Coin. CYFS is a next-generation protocol that re-invents primary Net protocols – TCP/IP, DNS, and HTTP – to create the infrastructure mandatory for the entire decentralization of Web3. It has been in improvement for over seven years, virtually eliminates latency in file retrieval – an enormous drawback with present decentralized storage options – and has infinite scalability. Fog Works is creating a collection of killer functions for each shoppers and enterprises that can use each CYFS and the Datamall Coin, which facilitates a extra environment friendly marketplace for decentralized storage.

To additional the event of decentralized functions (dApps) on CYFS, Fog Works is co-sponsoring the CodeDAO Web3 Hackathon. CodeDAO is the world’s first absolutely decentralized code internet hosting platform on this planet. Throughout the hackathon, builders will compete for prizes by creating dApps utilizing CYFS. Groups may have seven days to develop their tasks. The CodeDAO Hackathon runs October 15, 2022, to October 21, 2022. For extra data, please go to https://codedao.ai/hackathon.html.

About Fog Works

Fog Works, previously often called W3 Storage Lab, is a Web3 decentralized utility firm headquartered in Sunnyvale, CA with operations world wide. Its mission is to leverage the ability of Web3 to assist individuals handle, shield, and management their very own knowledge. Fog Works is led by an govt group with a extremely distinctive mix of P2P networking expertise, blockchain experience, and entrepreneurship. It’s funded by Draper Dragon Fund, OKX Blockdream Ventures, Lingfeng Capital, and different buyers. For extra data, go to http://fogworks.io.

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