Walrus Big Client October Updates

On October 20th, only a little more than a week ago, Amazon Web Services (AWS) suffered a huge global outage. Not only were sites like Amazon, Pinterest, Reddit, and Venmo down, but sites all over the web. AWS has over 30% of the entire cloud computing market including many websites and web apps people use every day. And it’s a reminder of the danger of centralized control of cloud data. That’s what decentralized storage protocols like Walrus want us to remember.

And it’s an important lesson. The more of your most important data you save with the big 3 (AWS, Google, and Microsoft), the more control they have over you and that data. Walrus is thinking about storage another way. In ways where YOU are in control. The Walrus team has been busy this month, so let’s see what’s new.

Big New Clients Joining Walrus

By the way, even some crypto exchanges and crypto apps that say they are decentralized use AWS. And they were down too.

Some of big clients joining the Walrus mission for decentralized data storage in your control include:

• Humanity Protocol
• T Book
• Quilt
• and more.

With Humanity Protocol, we have a decentralized ID network that was using IPFS (Filecoin) and migrated over to Walrus. The team must think Walrus is a better solution to make such a big move with millions of verified credentials in their network. Plus, Walrus has some privacy elements and great access control with Seal.

And with T Book, their system of on-chain reputation works seamlessly across Sui thanks to Walrus. T Book will allow for greater interaction and rewards between projects and real users in their communities. A real win/win/win.

With Quilt, users are saving money on Walrus by being able to bundle many small files together into a system with easy access, using less storage space, more efficiency and lower costs. Again, it’s a win for everyone.

Price Action

As I write this, the market is down 4% today and Walrus is no exception. The $WAL token is down by 5.5% at 21.3 cents, per CoinGecko. In this busy month, where Walrus has gotten some big new clients, the project is down for the month. That means a quality project like this is on sale.

In fact, you can get in now at a better price than its March TGE. So it’s still early. Plus, Walrus is getting a Spot trading listing on Binance. That’s often a sign of better, easier access to buy and sell the token and typically leads to higher prices. While this is no longer 100% true as it was in the past, it’s still very bullish for a project of this quality to be available to nearly anyone who wants it now, with ease. Walrus is widely available on Binance, many other exchanges, and DEXes within the Sui ecosystem.

Disclaimer

The information provided by Altcoin Buzz is not financial advice. It is intended solely for educational, entertainment, and informational purposes. Any opinions or strategies shared are those of the writer/reviewers, and their risk tolerance may differ from yours. We are not liable for any losses you may incur from investments related to the information given. Bitcoin and other cryptocurrencies are high-risk assets; therefore, conduct thorough due diligence. This post is sponsored by Walrus

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