CESS Highlights Decentralized Cloud-Based Data Storage Solutions for Web3 at TOKEN2049 in Singapore

TOKEN2049 is the premier event for visionaries and leaders operating in the fast-paced global Web3 ecosystem.

Singapore, Singapore , Sept. 29, 2022 (GLOBE NEWSWIRE) —
Cumulus Encrypted Storage System (CESS), the 3rd-gen decentralized cloud-based data storage protocol built exclusively for Web3, joined the TOKEN2049 conference in Singapore this week. Some of the most recognized names in the crypto space were invited to attend, including Annabelle Huang, Managing Partner at the Amber Group; Alexander Höptner, the CEO of BitMEX; and Aleksander Leonard Larsen, the Co-Founder of Axie Infinity.

The event brings together a wide range of industry thought leaders, founders, visionaries, and investors. During the two-day conference, speakers, guests, and other participants have the opportunity to attend panel talks, fireside chats, networking sessions, and in-depth discussions on the transformative nature of Web3.

Some of the sessions held included talks on the growth of DeFi; governance and compliance for Web3; women in crypto; social trading; scaling with ZK rollups; decentralized exchanges; the rising prominence of NFTs; Metaverse opportunities; Web3 adoption; and DAOs.

Jessie Dai, Co-Founder of CESS, who attended the event, said: “We are happy to participate in the TOKEN2049 conference and discuss with industry experts, developers, VCs, and KOL how innovative solutions, such as CESS, can drive value creation and deliver on the user-focused promise of fast, performant, cost-effective and secure Web3 applications stored on CESS’s next-generation decentralized cloud storage protocol.”

As a platform built for performance and security for the Web3 Internet, CESS comes with a multilayer architecture in which the performance of each layer is independent of other layers. This helps to balance the system load. CESS also solves the longstanding issue of the “miner’s dilemma,” thanks to the trustless, low-energy consumption consensus mechanism (called R²S) that…