AMD, Seagate and EY Join Protocol Labs-led Decentralized Storage Alliance

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AMD, Seagate and EY Join Protocol Labs-led Decentralized Storage Alliance
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Filecoin creator protocollabs has started a new decentralized storage industry group with heavy-hitters AMD, Seagate and EY as the founding partners. BrandyBetz reports

Protocol Labs, the company behind the decentralized file-sharing protocol Filecoin, announced an alliance that aims to help more companies make the transition to Web3 from Web2.

Filecoin essentially allows users to buy or sell computer storage on a network that offers decentralized storage of data and files. The service is meant to act as an alternative to centralized storage providers like Amazon Web Services.

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