Aptos, a renowned layer 1 blockchain has launched a decentralized storage infrastructure, Shelby, to power solutions with voluminous data. The blockchain network confirmed the launching on Tuesday via a post on its official page on X.
According to the announcement, Shelby aims to end the excessive controls of big tech companies over users’ and content creators’ data. Also, Aptos revealed that the decentralized storage offers fresh hope for Web3 projects by ending their reliance on Web2 infrastructures.
The newly released storage solution empowers content creators and data owners to monetize their intellectual property in a seamless and efficient way. Aptos added that the cloud-grade storage will unlock new use cases in the web3 space.
As per Aptos, the new offerings include Pay-per-view video, real-time AI output, dynamic NFTs and composable in-game assets.
At its core, Shelby makes stored data more composable, priceable, and streamable in real time. More so, Aptos in the post narrated how Shelby offers enhanced speed by completing transactions in milliseconds.
Thanks to the support of DoubleZero, Shelby ensures fast and secure movement of data. Likewise, Shelby enjoys the backing of Aptos’ cutting-edge layer 1 blockchain for fast “settlement layer and high throughput coordination for real-time data access” across all networks.
Side note on Aptos
It is worth mentioning that the launching of Shelby by Aptos coincides with the recent price rally of APT, the native token of the layer-1 blockchain. According to CoinmarketCap, APT has soared by 6.12% in the last seven days and 19.34% in the last 24 hours. As of press time, the token is trading at $4.74.
However, the launching of the decentralized storage further supports Aptos’ push for ecosystem expansion. Recall that in October 2024, the layer 1 blockchain acquired HashPalette in a move to infiltrate the Japanese market.
A Binbits report disclosed that the company aims to ride on the collaboration of HashPalette with top Japanese establishments to become a trailblazer in the country. Consequently, Aptos integrated solutions on PaletteChain and HashPalette to help developers in Japan to build game-changing projects.
Additionally, in September 2024, Libre launched a web3 project in the Aptos blockchain to bring traditional investment funds to the layer 1 ecosystem. With the project, renowned funds like Brevan Howard Master Fund, Hamilton Lane’s Senior Credit Opportunities Fund, and the ICS Money Market Fund by BlackRock were tokenized on the network.
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