Functionland aims to be the AirBnb for consumer cloud storage. It is breaking the traditional cloud storage monopoly and challenging the service subscription economy with a new p2p platform.
Current Status
- Achieved more than 10 times capacity than the closest comparable network Arweave (~$500M market cap) i.e. 1PB vs 80TB, and 20 times more nodes in North America than Arweave
- Achieved $500K dollars in pre-sales for a customized version of miner during a 1-month presale event on Indiegogo with 15k+ people signed-up for waiting list
- The project on GitHub is in the top 3% of projects worldwide and won 1st place in Filecoin Hackathons.
- Backers include Protocol labs, Filecoin, Dfinity, Crust, Cudos, Outlier Ventures, Techstars and
Problem or Opportunity
Rental Web. We are renting services from a few cloud providers with no control over our data, and they overcharge us for the services they provide because of the monopoly they have in the space.
Solution (product or service)
A new set of protocols that allow individuals to share storage with each other and back up each other's data, and share compute to run AI algorithms. Also a tokenized ecosystem that rewards opensource development to be able to create a diversified application pool to compete with cloud.
Business model
It is a token ecosystem and like any other blockchain the value goes up with the buy pressure. Buy pressure comes from usage for the token, and usage is to backup, use application and use CPU.
