Cloud $9 Million: Fluence Labs to Liberate Web3 From AWS With New Funding

Cloud computing is a highly centralized industry, with a few big-name firms like Amazon Web Services, Microsoft Azure, and Google Cloud ruling the roost.

Cloud $9 Million: Fluence Labs to Liberate Web3 From AWS With New Funding

When their servers fall down, the internet becomes as dark as the night.

What Fluence Labs has in stock for the web

Fluence Labs is one of the Web3 initiatives that aims to revolutionize the computing landscape by assisting blockchain applications in moving away from centralized cloud computing and toward entirely peer-to-peer computing.

Fluence Labs has secured $9 million in a Series A lead by Multicoin Capital to bring its network into the hands of Web3 projects. Funding was provided by Alameda Ventures, Arweave, Protocol Labs, and others, as well as the inventors of decentralized protocols Liverpeer and Ren.

Fluence promotes itself as completely decentralized, employing peer-to-peer technology, in contrast to AWS or other centralized solutions. It should be unaffected by server disruptions and impervious to government demands to shut down websites or services as a result.

Peer-to-peer computing, according to Tom Trowbridge, co-founder of Fluence Labs, is a logical next step for Web3: “Peer-to-peer computing is the inevitable progression of the cloud given its inherent resilience, censorship resistance, and scalability, just as the cloud became the apparent alternative to individual data centers,” he said in a statement.

The decentralized network, according to Fluence, is both flexible and fast. Developers utilize Aqua, the network’s native programming language, to get started.

Kyle Samani, the Managing Partner at Multicoin Capital, sees it as a “crypto-native” solution for Web3 developers who have been reluctantly reliant on traditional services. In a news statement, he added, “Fluence introduces a whole new method to construct applications and protocols driven by strong, adaptable, and endlessly scalable p2p infrastructure.”

Fluence claims that it is not just enabling apps to become more decentralized, but that it is itself doing so. Fluence Labs said it will move to a DAO model “in the near months,” with token-holding members of the decentralized autonomous organization making protocol and treasury allocation choices. Fluence Labs claims it will remain “as the core development and ecosystem partner” in the future.