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There is a promising decentralized storage project in the Sui ecosystem with a clear core idea—using distributed storage to solve the bottleneck of handling large-scale data on public blockchains.
The technical approach is quite interesting. It adopts Red Stuff 2D erasure coding, splitting data into multiple slivers dispersed across network nodes. This not only achieves redundancy and backup but also allows for rapid recovery. Compared to traditional centralized storage solutions, the read speed is significantly faster, the cost is much lower, and it supports Exabyte-level expansion, offering considerable room for imagination.
More importantly, it provides flexibility in data management. Users can delete or update data, but the transaction history remains immutable—this design strikes a balance between compliance and decentralization, making it particularly useful for many application scenarios.
In terms of token economics, storage fees are paid in tokens upfront and then gradually distributed to operating nodes as incentives. Ordinary users can participate in network security through delegated staking, and subsequent penalty mechanisms will further strengthen incentive alignment. This model appears to be quite sustainable.
The ecosystem applications are also gradually expanding. It benefits NFT metadata storage, gaming assets, and blockchain archives. Cross-chain support is well implemented, allowing developers from Ethereum and Solana to relatively easily access this storage infrastructure. Overall, it has significant potential in the DePIN track.