As one of the pioneers in the storage sector, Storj is currently one of the best-applied storage projects. It provides distributed cloud storage that supports Amazon S3 standards for a wide range of developers and users.
In 2024, Storj Labs acquired Valdi. Valdi is a company dedicated to distributed GPU leasing, providing consumers with high-cost-performance distributed cloud computing resources by aggregating underutilized GPU resources. These resources support computational power for AI model training while reducing costs.
On October 9, 2024, Storj first added the 'Get GPUs' button to the homepage, officially introducing GPU leasing to the public. The following image is a comparison of the cached page of the web archive; Figure 3 is from October 7, 2024, and Figure 4 is from October 9, 2024.
Thanks to the booming AI and the news of Storj's acquisition of Valdi. Starting from October 10, the price of STORJ surged, reaching as high as $0.7, then slightly retreated, and on November 5, following Trump's victory, the market value climbed again.
Storj discussed the role of the STORJ token in the forum. In the future, STORJ will serve as a payment method for distributed cloud computing, with consumers paying STORJ tokens for services, and GPU and storage miners providing services in exchange for STORJ tokens.
Q. What is the role of the STORJ Token?
A. A portion of the transaction was funded by STORJ token and a portion was in cash. We are planning to enable the purchase of GPUs using STORJ token in the future, as well as an option for GPU operators to be compensated with STORJ token.
The full version can be found on the official forum.
https://forum.storj.io/t/storj-has-acquired-valdi/27016
You can also find more information in the official blog below.
https://www.storj.io/blog/storj-ushers-in-a-new-era-with-the-acquisition-of-valdi
There is still some time before Trump takes office. If you are optimistic about Storj's future, you might consider holding some STORJ tokens.
