Decentralized storage network Aleph.im raises $10 million, led by Stratos Technologies - Aliens: AI Crypto News & Markets Updates
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Decentralized storage network Aleph.im raises $10 million, led by Stratos Technologies

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Aliens

Thu, Jan 20, 2022

Aleph.im, decentralized storage and computing network has completed a $10 million financing round led by Stratos Technologies, Zeeprime, NOIA Capital, Theia, and Bitfwd Capital.

According to reports, the cross-chain network provides fully decentralized computing power and censorship-resistant data storage. Aleph.im plans to launch its first computing resource node in January. These nodes will eventually become the main processing energy for the network.

Aleph.im rewards its core channel nodes with its native token, ALEPH. Aleph.im plans to use the new financing to increase its minimum wage payment capacity from the current 70 core channel nodes to 150 node operators. The goal of implementing this extension is to create a distributed virtual machine network that enables full-stack decentralization for key blockchain and DApp developers. After launching the compute nodes, Aleph.im also plans to activate storage nodes in 2022.

Source: CoinTelegraph

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