ThreeFold, an open-source peer-to-peer Internet infrastructure saw their token - TFT, increase over 100% throughout the last month despite the downed market with massive cryptocurrency crashes across the industry. This news is being driven by the project’s decentralization efforts prior to their mainnet launch this upcoming quarter.
While the whole blockchain industry has all its eyes on popular ecosystems such as Solana, Avalanche, Polygon and others, ThreeFold is a project every crypto investor and tech enthusiast should deep dive into. The open source initiative saw a surge of participation in it’s chats and community conversations lately with the announcement of validator nodes and DAO plans.
But why is ThreeFold’s token price going up? Throughout their recent community calls, ThreeFold shared about their upcoming validator and DAO plans, mainnet launch, tech updates, partners and more. With a comprehensive plan for decentralization, solid technology that builds on decades of development and world renowned partners waiting to jump onto their new Internet and cloud infrastructure, ThreeFold is about to take off.
In their conversations, Kristof de Spiegeleer, co-founder of ThreeFold announced that “Our technology can host any blockchain, metaverse, IoT, Web3 application by the end of Q1”. Their cloud computing and internet storage solutions offer a full stack of capabilities ranging from VMs and Kubernetes to a first-of-it’s-kind quantum safe storage system and even a planetary network that removes the need for VPNs and Firewalls.
Next to their validator and DAO plans, ThreeFold is currently building bridges to the largest blockchain ecosystems in the light of their mainnet launch later this Q1 to become the layer-0 for blockchain workloads and nodes. And with a smart contract for IT ready to host any Linux compatible workload, 2022 may be the year where we finally see a blockchain project gain major adoption worldwide.
In one of the presentations hosted by the team, they announced upcoming country deals and the expansion of a million nodes across Africa with their major partners. While many blockchain projects have been under-delivering for years, ThreeFold is walking the talk and a lot of expectations are building around them this year.
With ThreeFold’s plans for 2022, we can expect major developments in the blockchain industry and beyond to happen on their infrastructure this year. Just like Bitcoin is decentralizing global financial systems, ThreeFold will decentralize the Internet and cloud at large. With a solid team of cloud experts behind and many partners looking at building on top of their decentralized Internet with their mainnet launch, the moment to buy TFT is now.
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Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.