Ethereum‘s co-founder and leading figure Vitalik Buterin recently brought up questions about the potential success of “DePIN” (Decentralized Protocol Innovation Network) projects, specifically mentioning Storj (STORJ) in a blog post on Warpcast.
Buterin Draws Attention to DePIN Projects Through Storj
Referencing Storj and similar initiatives as examples of DePIN category projects, Buterin emphasized that these projects have existed for over a decade without significant progress. Despite its innovative approach to data storage, Storj, as Buterin highlighted, has yet to find the widespread adoption it seeks.
Buterin’s comments explain why projects like Storj, after years of limited success, might now attract interest. The co-founder of Ethereum suggests closely monitoring factors that could revive interest and adoption in decentralized storage solutions and similar DePIN projects.
The mention of Storj by a prominent figure like Buterin situates the altcoin’s innovation within a broader discussion about the growing importance of decentralized storage platforms. Despite past issues and setbacks, his comments have already sparked optimism about the potential of projects like Storj to transform traditional data storage methods within the crypto world.
STORJ’s Price Soars Following Blog Post
Indeed, Buterin’s direct emphasis on cloud storage solutions and DePIN projects has stirred the altcoin’s price. The native asset STORJ, sharing its name with the network, saw its price jump over 20% to $0.9248 in a short period.
According to data from CoinMarketCap, STORJ experienced a slight pullback but was still trading at $0.905, up 15.56% in the last 24 hours at the time this article was prepared. Market observers are noting that STORJ could rally strongly following the Ethereum co-founder’s remarks.
