Hamburg, 22 August 2023 - Centralized infrastructre providers, exemplified by industry leaders like Google and Amazon Web Services (AWS) have revolutionized the digital landscape by offering a wide spectrum of cloud-based solutions that empower businesses to scale, innovate, and operate more efficiently. These providers furnish a range of services, from computing power to storage, enabling organizations to transcend traditional hardware limitations.
However, as technology evolves, Decentralized Networks are emerging as a valid alternative, promising increased data control, enhanced security, and a distributed approach that reduces dependence on a few centralized entities. Web3 infrastructure Networks are the foundation of decentralized Blockchain-based systems that power Web3. It includes technologies, tools and solutions required by developers to operate decentralized applications.
The Web3 infrastructure network is structured into several distinct categories, each catering to different aspects of the decentralized ecosystem. This article will outline six categories, delving into key aspects and provide an example project for each area.
Traditional cloud storage solutions are replaced by decentralized alternatives in the Web3 infrastructure network. This ensures that data is distributed across various nodes, enhancing security and availability.
Example: Filecoin Foundation
Filecoin is a peer-to-peer network that stores files, with built-in economic incentives and cryptography to ensure files are stored reliably over time.
This category focuses on decentralized computing resources. Instead of relying on a central server, applications can leverage the collective power of the network’s nodes to perform computations.
Example: Render Network Foundation
The Render Network provides near real-time rendering using a decentralized GPU processing model to meet users’ increasing GPU compute needs.
Data and Message Routing
Efficient data and message routing are crucial for seamless communication within a decentralized network. Web3 infrastructure provides mechanisms to ensure data is transmitted reliably and securely.
Example: Pocket Network Inc.
Pocket Network is an open protocol that empowers developers with reliable, performant, and cost effective RPC access to the open internet. The RPC node or remote procedure calls are an effective function on nodes for connecting dApps to blockchain networks. coinIX invested in the Pocket Network before the launch of its native token POKT, in the form of SAFT (Simple Agreement for Future Token).
As wireless technology continues to evolve, the Web3 infrastructure network accommodates the wireless ecosystem. This category includes resources for building wireless communication protocols and technologies.
The Helium Network solves the connectivity problem for Internet of Things (IoT) devices through Hotspots which provide miles of wireless network coverage for IoT devices that use the network
Data Access and Indexing
In a decentralized landscape, accessing and indexing data can be a challenge. This category offers solutions to efficiently search and retrieve information from the distributed network.
Example: The Graph
The Graph is like the google of the blockchain world. it indexes Blockchain Data from networks like Ethereum and Filecoin. It makes public data available & accessible to all. GRT, the native token of the graph, is in coinIX investment portfolio. we invested in the graph in the form of a SAFT (simple agreement for future tokens). The protocol creates important infrastructure for Web 3.0 and makes blockchains searchable.
Ensuring authorized access to resources is essential for security and privacy. The Web3 infrastructure network includes mechanisms to manage access control in a decentralized environment.
NuCypher describes itself as a threshold cryptography network that provides Data privacy and key management for decentralized applications and protocols.
Web3 infrastructure plays a pivotal role in driving the evolution of decentralized, blockchain-based ecosystems. To effectively accelerate the process of widespread adoption, the investment strategy of coinIX strategically aligns with a focus on advancing blockchain infrastructure.
coinIX GmbH & Co KGaA, based in Hamburg, is a listed Investment company and has been investing in the broad spectrum of blockchain innovation since 2017. This includes the next level of digitalization in traditional industries, as well as new fields such as Decentralized #Finance(DeFi). For this purpose, coinIX invests in equity of startups, early token projects and liquid cryptocurrencies. It offers a listed share that is traded on the open market of the Düsseldorf stock exchange (WKN: A2LQ1G | ISIN: DE000A2LQ1G5 | Ticker: XCX).