Filecoin L2 project Akave completes $3.45 million funding, with participation from Protocol Labs and others

ChainCatcher news, the decentralized data storage project Akave has completed a $3.45 million funding round, with participation from Protocol Labs, Blockchange VC, Lightshift, and Blockchain Builders Fund. This funding will be used to accelerate Akave's development in on-chain data management.

Akave has launched the Yucca testnet, open to early testers, for exploring on-chain data storage and programmability. As a hot storage Layer 2 solution for Filecoin, Akave provides tools for enterprises, AI companies, and DePIN developers to move beyond traditional cloud storage, build on-chain data lakes, and promote the development of data ownership and new data monetization models.

In addition, the Filecoin L2 project Storacha has also announced the launch of its Alpha version network for the Filecoin ecosystem, focusing on high-performance hot storage, primarily targeting high-demand application scenarios such as gaming, AI, and DePIN. Storacha was founded by core developers of IPFS and Filecoin, dedicated to providing a distributed storage experience comparable to traditional S3.