Web2 file storage relies heavily on centralised entities, which have mostly outgrown their competitors, establishing a quasi-monopoly. The reasons for this are twofold: enormous operating costs and seamless user experience (e.g. social logins and account recovery), which, until recently, could only be solved through centralisation. Add to this the reluctance to change platforms as users need to re-upload their files, and you get an ossified user base. However, data leaks and hacks are a constant threat to users’ privacy, and indicate the disruptive potential of decentralised file storage and sharing.
We were joined by Andreas Tsamados & Vijay Krishnavanshi, co-founders of Fileverse, to discuss their decentralised file sharing solution and how they plan to disrupt the Web2 quasi-monopoly.
Topics covered in this episode:
- Returning to the P2P roots of the Internet
- Web2 vs. Web3 user experience (UX)
- Business models for Web2 data
- Decentralising data
- Web3 data storage
- Costs of data storage
- Managing file updates and permissions
- Fileverse use cases
- The business model of Fileverse
- Improving UX
- Future roadmap
Episode links:
Sponsors:
- Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io
- Chorus One: Chorus One is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one
This episode is hosted by Friederike Ernst. Show notes and listening options: epicenter.tv/531
