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Decentralized data storage use case in crypto

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Decentralized data storage use case in crypto

There are few projects which have been working on decentralized data storage protocols. There aim is to provide data security, democratized data for training AI and a file storage system for Dapps and web2 apps. But would adoption follow through? I am sharing some insights that I have gathered. I currently think that there is lack of investor interest in this sector and it will only follow through if storage adoption shows big signs of growth and revenue generation.

1) Revenue - Revenue is far away from centralized systems but Filecoin leads the pack with $13.3 million in revenues.

https://preview.redd.it/89p2r9pmkcbd1.png?993&format=png&auto=webp&s=7092cbbf1cc3f3d8eb2c69ae2c50f39b02eae85d

Revenue source Coingecko

2) Usage- There has been a sharp increase of 5000x in storage capacity.

https://preview.redd.it/s59lbwbvkcbd1.png?993&format=png&auto=webp&s=a20e2664d7161ce84844d0895d33171437b2abac

Source Coingecko

3) Token price performance- The price of top coins have not performed well due to inflation reasons and no investor interest.

https://preview.redd.it/uyf4ka44lcbd1.png?1435&format=png&auto=webp&s=7191d2ff93986eb4a4fc8bd6059cb121cfd133f7

Source: Crypto investment calculator

4) Cost- Cost is very less compared to centralized solutions but latency can be an issue.

https://preview.redd.it/2oqcf6mflcbd1.png?885&format=png&auto=webp&s=61fd4cdc3316ac7171475f568964312863102075

Source Coingecko research

submitted by /u/Mr_Hodlerr
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