From Investing.com

September 19, 2024 12:30 PM:

Xandeum will showcase their blueprint for scaling storage at Breakpoint 2024 on September 20, 2024. The technology will enable dapps to access virtually unlimited storage, overcoming Solana’s current limitations. Xandeum seeks to add a “hard drive” to Solana’s “world computer,” revolutionizing the dapp landscape with storage-enabled solutions at Solana Breakpoint 2024.

Xandeum introduces “Xandeum buckets,” a scalable file system within Solana RPC nodes, using a decentralized network of storage provider nodes. Validators and stakers will earn additional rewards in SOL through dynamic fee markets. The solution aims to expand the application landscape, unlock revenue streams, and promote growth in the Solana ecosystem, as per Tommy Johnson, Armada co-founder.

Xandeum’s upcoming storage-enabled liquid staking platform will capture future storage fees for xandSOL stakers starting October 29. Early adopters may receive up to 10x boosted rewards. Xandeum will also sponsor Solana Breakpoint 2024 in Singapore, showcasing key initiatives, including the XAND token, liquid staking pool, and forthcoming airdrops.

Xandeum labs, the startup behind the scalable storage layer for Solana, has raised $2.8M and garnered interest from Solana’s builder community. Developing new storage primitives will enhance Solana’s programming model and support a new wave of web3 dapps. Xandeum aims to maintain security, decentralization, and scalability for the Solana ecosystem.

Xandeum Labs, a web3 startup, has secured $2.8 million from its community and is dedicated to launching the pNode network in early 2025. As a major contributor to the storage-enabled liquid staking platform, Xandeum aims to support a new era of scalable web3 dapps within the Solana ecosystem. Visit https://xandeum.com for more information.

Read more at Investing.com: Xandeum to Unveil Solana Scaling Solution, XAND Token Launch and Liquid Staking at Breakpoint 2024 By Chainwire