Re:Protocol Labs is laying off 21% of staff (89 people)
by acdha on Saturday February 04, 2023 @04:45PM
(#34658707)
Yes, I’m aware of what IPFS is - the point being that it’s been around for 8 years but seems to have rather little impact. For a company which has raised a quarter of a billion in real dollars and has a coin ostensibly valued over $2B, you’d expect to see some serious ongoing revenue from people paying for services because they do something better than the alternatives.
When you look at services using IPFS, be sure to look for hard statements about reliability. One of the recurring weird aspects about IPFS is that people talk like it guarantees durable storage without needing to pay for redundant copies.
There are S3/Dropbox-like solutions on top of Filecoin. I’ve not deeply researched the economics of them, but some of them have competitive or better prices