Akave Secures $3.45 Million to Accelerate On-Chain Data Management
Summary
Yucca Testnet Launched: Now open to early testers looking to explore on-chain data storage and programmability.WILMINGTON, Del., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Akave, a hot storage Filecoin L2, enables enterprises, AI companies, and DePIN builders with tools to move beyond the cloud, and enable on-chain data lakes to manage large datasets. The Yucca Testnet provides a sandbox environment to explore Akaves multi-tier storage architecture, enabling users to upload, store, and monetize data using decentralized technologies. "To date, enterprise customers have not been able to take advantage of the promise of decentralized cloud solutions," says Ken Seiff, Managing Partner of Blockchange Ventures. "Despite an abundance of supply, the prospect for better security, and the opportunity to radically reduce costs, the market lacked the necessary architectures, tooling, and interfaces required to win enterprise clients. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.