Web3 Decentralized Storage Company W3 Storage Lab Changes Name to Fog Works


fog works

“Our goal is to make Web3 a reality for everyday consumers,” said Xinglu Lin, CEO of Fog Works. “Because we are making Web3 accessible to everyone, the Fog Works name truly embodies our vision. We look forward to building a brand around it.”

W3 Storage Lab announced today that it has changed its name to Fog Works. The new name better reflects the company’s positioning, has greater branding potential and better reflects the company’s vision to be a major manufacturer of Web3 infrastructure, applications and devices.

The name Fog Works is derived from the term Fog Computing coined by Cisco. Fog computing is an extension of cloud computing: a network architecture where computing and storage are largely decentralized and pushed to the edge of the network, but a cloud still exists at the center. Web3 is a fully decentralized, blockchain-enabled iteration of the internet. With full decentralization, Web3 is essentially the ultimate fog computing architecture with no cloud at its core.

“Our goal is to make Web3 a reality for everyday consumers,” said Xinglu Lin, CEO of Fog Works. “Because we are making Web3 accessible to everyone, the Fog Works name truly embodies our vision. We look forward to building a brand around it.”

Fog Works has co-developed a next-generation distributed storage ecosystem based on the public blockchain, CYFS and Datamall Coin. CYFS is a next-generation protocol that reinvents fundamental web protocols—TCP/IP, DNS, and HTTP—to create the infrastructure required for full Web3 decentralization. It has been in development for over seven years, virtually eliminates file retrieval latency – a major problem with current distributed storage solutions – and is infinitely scalable. Fog Works is developing a suite of killer consumer and enterprise apps that will use both CYFS and the Datamall coin, enabling a more efficient decentralized storage market.

To advance the development of decentralized applications (dApps) on CYFS, Fog Works is co-sponsoring the CodeDAO Web3 Hackathon. CodeDAO is the world’s first fully decentralized code hosting platform. During the hackathon, developers will compete for prizes by building dApps using CYFS. The teams have seven days to develop their projects. The CodeDAO Hackathon runs from October 15, 2022 to October 21, 2022. For more information, visit https://codedao.ai/hackathon.html.

About fog works

Fog Works, formerly known as W3 Storage Lab, is a decentralized Web3 applications company headquartered in Sunnyvale, California with offices around the world. Its mission is to harness the power of Web3 to help people manage, protect and control their own data. Fog Works is led by a leadership team with a unique blend of P2P networking experience, blockchain expertise and entrepreneurship. It is funded by Draper Dragon Fund, OKX Blockdream Ventures, Lingfeng Capital and other investors. Visit http://fogworks.io for more information.

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