Holon Teams with Protocol Labs to Drive Adoption of Decentralized Data Storage in Oceania
Holon Innovations is collaborating with Protocol Labs to generate increased decentralized data storage capacity in Oceania.
Protocol Labs is an open-source research, development, and deployment laboratory. Its projects include IPFS, Filecoin, libp2p, and many more. The company aims to make human existence orders of magnitude better through technology.
Launched earlier this year, Holon Innovations is a subsidiary of Holon Global Investments, a next generation asset manager. Holon Innovations is designing a range of digital asset funds.
Holon Innovations is planning a series of initiatives and partnerships to introduce IPFS and Filecoin to the next generation of developers and investors in the Oceania region.
The first will be The Holon Filecoin Fund, which will open to wholesale investors and invest in Filecoin mining infrastructure to expand the ecosystem in Oceania.
Filecoin’s open-source protocol records data storage commitments made by storage miners, and clients complete data storage deals with miners using FIL, the network’s native currency. Unlike energy-intensive ‘proof-of-work’ mining, Filecoin’s miners provide reliable data storage to the global network, think ‘Airbnb for data storage’.
Systems like Filecoin are a more efficient way of moving data around the internet plus they have the additional benefit of restoring the balance of power away from tech oligopolies and decentralizing data storage allowing anyone to participate as a storage provider and to monetize spare hard drive capacity.
Filecoin incentivises participants to earn more block rewards through acting honestly and storing as much data as possible. Currently less than a zettabyte, the data storage market is expected to grow 20% year-on-year to 175 zettabytes by 2025, according to IDC. This represents massive potential and opportunity.
“Holon Investments recognises the power of Web3 technologies and are leading innovation in Oceania by driving education and investment projects in this space. We’re delighted to be collaborating on a number of initiatives that will fortify the existing community and introduce many new builders and entrepreneurs to the powerful building blocks that underpin the future of the internet.” said Angie Maguire, Head of Growth.
The Filecoin network recently reached a milestone of 6.7 billion gigabytes of storage capacity.
This strategic collaboration between Protocol Labs and Holon Innovations highlights the point of difference for this Investment Manager who invests in staying ahead of the curve by supporting the Web3.0 internet revolution.
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