Aptos Labs and Jump Crypto have unveiled Shelby, a cloud-based storage network designed for Web3 and decentralized applications, claiming to compete with traditional cloud services. Announced on Tuesday, Shelby is a globally distributed platform leveraging Aptos’ high-throughput technology and is compatible with major blockchains like Ethereum and Solana. It caters to developers requiring rapid cloud-like access for demanding applications such as video streaming, AI, and decentralized physical infrastructure (DePIN). Aptos Labs, known for its focus on scalability and performance, created the Aptos blockchain, while Jump Crypto invests in blockchain and crypto projects. Shelby enters a competitive cloud market dominated by AWS, Microsoft Azure, and Google Cloud. Pranav Raval, Aptos’ engineering lead, stated that Shelby matches the performance of leading cloud platforms while allowing developers to maintain ownership, control pricing, and program business logic at the protocol level. With rising global data center power demands, Shelby aims to provide scalable and efficient storage solutions for the future. Read more AI-generated news on: https://app.chaingpt.org/news

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