Breaking News | Swarm receives $100 million in venture capital from Ethereum Fund!

Breaking News | Swarm receives $100 million in venture capital from Ethereum Fund!
The Swarm mainnet launch will be completed on June 21. The Ethereum Foundation suddenly announced that it will invest $100 million to build Swarm to complete the last mile of the ETH ecosystem.

Swarm will provide content distribution services for ETH's DApps, with the following six main functions.
1. Swarm is a distributed storage platform. It is an application that can be run on the ETH network. It can run directly on the ETH network once it goes online. It is the underlying P2P network.

2. The main application function of Swarm is to solve and improve the storage problem on the ETH chain. It is a distributed storage platform for the ETH chain, mainly storing ETH public records.

3. Swarm can perform distributed storage and help DApp store related content without affecting other information on the ETH chain, and can also distribute code and data related content.

4. Swarm is an efficient and secure application layer running on the ETH chain, which can quickly retrieve, cache content, improve data access, and define functions for APIs.

5. Swarm is positioned as the storage of the ETH chain network. Its main function is to store data. It can never shut down, automatically review, never make mistakes, etc. It can also prevent intermittent node interruptions and other practical functions.

6. Swarm fully uses smart contracts to solve the problem of nodes paying deposits on time, and has the function of enforcing this to deter those who do not abide by the contract. Swarm can also track and hold people accountable, allowing those who use storage to be responsible for the stored content themselves.

Swarm — One of the Three Pillars of Web3.0

Swarm was launched in 2015 and promoted by Ethereum founders Vitalik Buterin, Gavin Wood and Jeffrey Wilcke. Swarm's protocol tags bzz and shh were both created by Vitalik Buterin, and Swarm's white paper was also written by Vitalik Buterin.
Swarm allows data storage, bandwidth, and computing resources to support applications based on the Ethereum network. From the beginning, Swarm was considered to be one of the three pillars of Web 3.0 components along with Ethereum and Whisper.
Ethereum's smart contracts implement distributed logic and build a huge underlying blockchain ecosystem. With the rapid development of DeFi in the past two years, the ecosystem on the Ethereum chain has become more prosperous, and the demand for data storage has become more urgent; Ethereum's identity communication system Whisper is designed as a communication protocol for interactions between DApps, building a message transmission channel between DApps.
Hundred times? Thousand times? Analysis of BZZ's value
Currently, Filecoin is the only company dominating the distributed storage space, and few companies can truly stand out in this space. The overall valuation of distributed storage projects is US$100 billion.
As a storage project, Swarm's future market value development can be compared with Filecoin. Analysts have predicted the final price of BZZ. The current total issuance of Filecoin is 2 billion. According to OKEx market data, the current highest price of FIL is $237. Minus the surge in the bull market, the average price of FIL is about $50.
Assuming that Swarm can occupy one-third of the market share in this track in the future, that is, a total market value of 33 billion US dollars, Swarm will issue a total of 62.5 million pieces, which is one-third of Filecoin. According to the market value of 33 billion, the price of each BZZ is about 528 US dollars. Even if the market valuation is reduced by 10 times, the price of each BZZ should be around 52 US dollars, and its price increase space can be imagined.
Furthermore, the Filecoin ecosystem is still in its infancy, so the entire storage track still has great development potential and profit space, so the value of BZZ is not limited to this.
As one of the three pillars of Ethereum, Swarm and Ethereum are closely related and have a common heritage. The value of Ethereum determines the price of Swarm. In other words, if you recognize the value of Ethereum, then the value of Ethereum in the future will increase, and Swarm's profit margin will increase accordingly. BZZ may be the next thousand-fold project.

What are the advantages of grabbing the first mine? Why do people want to grab the first mine at this time?

1. When Bitcoin BTC was first mined, dozens of coins could be mined a day. Now, professional mining machines can only mine 0.00002 coins a day.

2. Last year, during the first half month after the Filecoin mainnet was launched, 0.2 FIL/T/day could be mined. At the price of USD 70, the investment could be recovered in one month. Now, only 0.06 IFIL/day can be mined. The income from mining the first FIL mine is 3.4 times what it is now.

3. CHIA, one P per day can mine more than 5 XCH in the first month. Even if the price of the mining machine is 400,000/P, according to the upper limit of 6,000 yuan per unit, it will pay back in half a month, and it can produce more than a dozen per day. It can only be said that at least the risk of the first mine is the lowest, and the coin production ratio is the highest.


In short: Swarm can be quickly implemented with the existing Ethereum ecosystem. Therefore, Swarm will become ubiquitous in the future society. Whether it is from the origin of Swarm, the background of the team, the investment lineup and the scarcity of the total amount, the future potential is huge. Swarm is a treasure project to be mined, and it is a good opportunity for miners.


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