Aptos Labs and Jump Crypto launch decentralized hot storage network

Aptos Labs and Jump Crypto are teaming up to launch a new decentralized hot storage network dubbed ‘Shelby.’

In an announcement posted on X, the Aptos Labs team said Shelby will be web3’s first cloud-grade infrastructure and will offer access to decentralized, monetizable storage for data-rich applications. 

Shelby is designed to tap into Aptos (APT) to address the gap in existing decentralized infrastructure protocols, with its chain-agnostic architecture offering sub-second reads. Apart from millisecond settlement, Shelby ensures ease of access and monetization.

On why they are building the new cloud-grade storage protocol, Jump Crypto wrote on X:

“While blockchains today have mostly solved the ability to execute code, they cannot access large datasets. More importantly, they cannot SERVE large datasets at scale and speed. Hence, we are building Shelby.” 

web3’s value creation engine

Shelby will power real-time web3 applications, with notable use cases including streaming, artificial intelligence inference, composable in-game assets, social dynamic NFTs, and decentralized physical infrastructure networks.

“There is a large opportunity to unbundle large parts of the AWS bundle,” said Kyle Samani, managing partner at Multicoin Capital. “Ambitious swing here,” he added on X.

Early contributors and collaborators include Metaplex, an NFT platform on Solana (SOL), Pipe Network, a decentralized content delivery network on Solana, and Story, the world’s IP blockchain. Others include Myco, DoubleZero, and Flashback Labs, across streaming, infra, and AI respectively.

David Rhodus, founder of Permissionless Labs, a core contributor to the Pipe Network, also commented on the upcoming launch.

“We’re proud to be among the first builders on Shelby because its global high performance storage network makes more data available for the Pipe Network to serve at high throughput. Our Point of Presence nodes will ensure a smoother user experience because our DePIN enabled footprint provides large coverage of last mile endpoints in the areas where Shelby doesn’t have connectivity.”

Aptos will be Shelby’s early settlement layer, allowing for sub-second finality and high-throughput coordination, with real-time data access across any chain.