Latest news with #AptosLabs
Crypto Insight
4 days ago
- Business
- Crypto Insight
Aptos Labs, Jump Crypto launch Web3 cloud storage layer
Aptos Labs and Jump Crypto have introduced a cloud-based storage network tailored for Web3 and decentralized applications — a system its creators say rivals traditional cloud services. Unveiled on Tuesday, the network — called Shelby — is a globally distributed platform powered by Aptos' high-throughput technology. It is chain-agnostic, offering compatibility with Ethereum, Solana and other major blockchains. Shelby is built for developers who need cloud-like speed and remote access for demanding use cases, including streaming video, artificial intelligence and decentralized physical infrastructure (DePIN) applications. Aptos Labs is the creator of the Aptos blockchain, which is recognized for its emphasis on scalability and performance. Jump Crypto, the digital asset division of Jump Trading Group, is actively engaged in venture investing and developing blockchain and crypto-native projects. Shelby is launching in a highly competitive cloud marketplace, which is dominated by Amazon Web Services (AWS), Microsoft Azure and Google Cloud. Pranav Raval, Aptos' engineering lead, told Cointelegraph that Shelby offers similar performance to leading cloud platforms, but gives developers the ability to 'retain ownership, control pricing and program business logic at the protocol level.' AI workloads boost demand for data storage Raval was asked about the role of cloud services in supporting AI workloads, particularly in light of the massive data storage requirements and growing need for data center infrastructure. Citing International Energy Agency data, S&P Global recently reported that global data center power demand is projected to double by 2030. These rising data demands fuel the need for scalable, efficient storage solutions, placing increased pressure on cloud platforms to keep up. 'When data is activated, it builds new worlds and powers new economics, creativity, and coordination,' said Raval, adding: 'For AI, that means AI agents aren't just smart, they're connected to live, contextual data anytime, anywhere. AI data marketplaces hosted on Shelby empower builders to train models faster, using relevant data streamed in as needed.' Source:
Economic Times
4 days ago
- Business
- Economic Times
Cryptocurrency Live News & Updates : Aptos Labs and Jump Crypto Introduce Shelby Network
25 Jun 2025 | 01:55:10 AM IST Aptos Labs and Jump Crypto have launched 'Shelby,' a decentralized hot storage network aimed at providing cloud-grade infrastructure for web3 applications. Aptos Labs and Jump Crypto have unveiled 'Shelby,' a decentralized hot storage network designed to enhance data accessibility for web3 applications, addressing the limitations of current blockchain infrastructures. This initiative aims to facilitate real-time applications such as AI and streaming. Meanwhile, Synaptogenix has made strides in the AI sector by acquiring TAO, partnering with BitGo for asset management. Unicoin Inc. has also expanded its portfolio by acquiring a majority stake in Diamond Lake Minerals, focusing on digital assets and security tokens. In the payments landscape, Mastercard is enhancing its stablecoin offerings through partnerships with Paxos, Fiserv, and PayPal, aiming to integrate stablecoins into everyday transactions. This reflects a growing trend of institutional adoption of stablecoins, especially as regulatory frameworks develop. Lastly, Fed Chair Jerome Powell has reiterated a cautious approach to monetary policy, indicating that the economy's current state allows for patience before any rate adjustments. Together, these developments highlight the dynamic shifts in the cryptocurrency and financial sectors. Show more
CairoScene
22-02-2025
- Entertainment
- CairoScene
Global Streaming Platform Myco Expands Into Egypt
The streaming platform is claiming to offer over 10,000 hours of Arabic content across films, series and podcasts. Feb 22, 2025 Myco, a global streaming platform based out of Dubai, is expanding into Egypt as part of its Myco Arabia campaign, following the streaming platform's expansion into Pakistan. Myco offers a 'watch and earn' model, a free-to-use system that incentivizes its viewers with more content through engagement. The platform claims to offer over 10,000 hours of Arabic content across films, series and podcasts. 'Egypt is not just a market for us - it's a cultural powerhouse that has shaped storytelling in the Arab world,' Tariq Jaser, Co-founder of Myco, said. 'Establishing Myco Arabia in Cairo is a pivotal moment in our journey. Our goal is to empower creators, redefine content consumption, and build a streaming ecosystem that extends beyond Egypt into UAE, KSA, and beyond.' In August 2024, Myco secured the first half of its Series A funding, raising $10 million from key investors, including Daman Investments, Aptos Labs, and Mocha Ventures, pushing its post-money valuation to $80 million.
