Cudos Partners with Functionland to Support Decentralized Cloud Solutions

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Decentralized cloud-computing network Cudos is partnering with Functionland, a blockchain-attached storage (BAS) provider, to support its decentralized storage networks.

Functionland has introduced BAS and peer-to-peer local storage for file and photo safekeeping, challenging the cloud-storage and service-subscription economy. In addition, it creates value by auto-minting tokens for users and allocating a share to the developers.

Cudos’ layer-one blockchain network will be utilized for file transactions, peer-to-peer payments and rewards as part of the partnership. Cudos will also provide Functionland with scalable computing from data center servers, gaming computers and mining rigs. 

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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 Cudos supply network.

Commenting on the collaboration, Nuno Perreira, Cudos’ vice president of partnerships, said, “Our partnership with Functionland aligns on the principles of decentralization and democratization. Our applications at Cudo Compute are designed to benefit consumers by utilizing 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 democratizes access to cutting-edge technologies like artificial intelligence and blockchain. They aim to create an open ecosystem for software and hardware developers by offering ‘monetized open source,’ and we are happy to be a part of this