VANCOUVER, British Columbia, Sept. 23, 2021 (GLOBE NEWSWIRE) — Cloud 9 Web3 Applied sciences Inc. (CSE: CNI) (OTC: CLGUF) (FRANKFURT: 1JI0) (“Cloud 9” or the “Firm”), a number one decentralized community and knowledge storage expertise firm, broadcasts the preliminary launch of its not too long ago acquired “Limitless Platform”.
The Limitless Platform is a hybrid distributed community designed to share the sources of its customers. The preliminary product is a digital personal community (VPN), the place customers commerce their unused computing energy for entry to safe web entry and higher privateness. Variations for most typical units akin to, Home windows, Mac, Cellular and later Xbox/frequent community storage units akin to Synology NAS, are anticipated to be accessible within the coming days, and the Firm encourages customers to check out the platform and supply suggestions. After an preliminary startup interval or “calibration”, the Firm intends to reward/compensate customers for sharing sources with the platform by way of discounted service choices akin to knowledge storage providers. The rewards or reductions for customers will likely be decided at a later time after the preliminary launch, and after suggestions has been obtained. This computational energy may very well be used for quite a lot of use instances together with community and storage sharing, proof of stake cryptocurrency mining, film rendering and content material supply networks.
Infrastructure is without doubt one of the largest bills of a software program as a service firm or a cloud supplier. By democratizing it for the customers, administration believes it is going to get monetary savings for the Firm and for the platform’s customers.
Following consumer suggestions and additional upgrades, Cloud 9 intends to develop extra options for the Limitless Platform together with a referral community (obtain residuals for rising the platform), and to permit customers to commerce networking (peer to see) and decentralized storage.
Sefton Fincham, President, commented, “I’m tremendously excited with the in depth and profitable completion of the beta testing and the launch of the VPN. The Limitless VPN supplies customers with personal and safe web entry, whereas on the identical time makes use of every consumer’s computing system to mine numerous cryptocurrencies. Blockchain allows the automation of belief, and the decentralization of knowledge. As we construct out the consumer base and community, we intend to launch extra providers and applied sciences akin to decentralized and personal knowledge storage choices.”
The Limitless VPN is a proprietary VPN (Digital Non-public Community) which permits finish customers free entry to private web privateness software program in trade for restricted use of the consumer’s background system sources as outlined within the phrases and providers settlement of the VPN. In contrast to conventional skilled grade “Paid VPNs” which cost a month-to-month charge to be able to generate income, the Limitless VPN platform borrows current computational energy of the consumer after which can use it for particular enterprise functions akin to decentralized knowledge storage. To obtain the Limitless VPN, please go to www.limitlessvpn.com.
On Behalf of the Board,
CLOUD NINE WEB3 TECHNOLOGIES INC.
About Cloud 9 Web3 Applied sciences Inc.
Cloud 9 is a diversified expertise firm centered on leveraging its proprietary Net 3.0 expertise merchandise to allow the decentralized motion amongst customers and enterprise alike. Administration believes the Net 3.0 promotes a sustainable world the place decentralized customers and machines are capable of work together with knowledge, worth and different counterparties through a substrate of peer-to-peer networks with out the necessity for third events, thereby creating many advantages akin to giving every consumer management and possession of non-public and company knowledge.
For additional info, please contact:
Citygate Capital Corp
Telephone: (778) 240-7724
Neither the Trade nor its regulation providers supplier accepts accountability for the adequacy of accuracy of this launch. No inventory trade, securities fee or different regulatory authority has authorized or disapproved the data include herein.
Sure statements on this press launch are forward-looking statements and are potential in nature. Ahead-looking statements will not be primarily based on historic information, however relatively on present expectations and projections about future occasions, and are due to this fact topic to dangers and uncertainties which might trigger precise outcomes to vary materially from the long run outcomes expressed or implied by the forward-looking statements. These statements typically could be recognized by way of forward-looking phrases akin to “could”, “ought to”, “will”, “might”, “intend”, “estimate”, “plan”, “anticipate”, “count on”, “consider” or “proceed”, or the unfavourable thereof or comparable variations. Ahead-looking statements on this information launch embrace statements concerning: the event of the Limitless Platform and the anticipated outcomes and advantages; the power to enter the market prior to anticipated; the potential for the Firm’s services and products; the Firm’s means so as to add extra options to the Limitless Platform; and the Firm’s pursuit of rising expertise merchandise and Web3 alternatives on a world scale, the use instances for the computational energy. Elements that might trigger precise outcomes to vary materially from these in forward-looking statements embrace: the continued availability of capital and financing; failure to acquire any approvals, permits and licenses required to function the enterprise; the influence of expertise modifications on the business; competitors; improve in working prices; litigation; lack of key staff, consultants and administrators; safety threats; failure to develop new and revolutionary services and products; failure of counterparties to carry out their obligations; the influence of the Covid-19 pandemic on the Firm’s means to function and rent personnel; and adversarial common financial, market or enterprise situations. Such statements and knowledge are primarily based on quite a few assumptions concerning current and future enterprise methods and the setting by which the Firm will function sooner or later, together with the demand for its services and products, the power to efficiently develop software program, that there will likely be no regulation or legislation that can stop the Firm from working its enterprise, anticipated prices, and the power to safe enough capital to finish its enterprise plans. Given these dangers, uncertainties and assumptions, you shouldn’t place undue reliance on these forward-looking statements. Such forward-looking statements ought to due to this fact be construed in gentle of such elements, and, besides as required by relevant legislation, the Firm is just not beneath any obligation, and expressly disclaims any intention or obligation, to replace or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case.