September 25, 2024, DUBAI, United Arab Emirates (GLOBE NEWSWIRE) — Leading decentralised cloud computing company NexQloud will compete in the esteemed Blockchain Life 2024 Startup Pitch in Dubai. This event is a component of the well-known Blockchain Life forum, which is among the biggest international conferences for Web3, blockchain, and cryptocurrency projects. More than 10,000 people from more than 120 countries are anticipated for the forum. Taking centre stage, NexQloud will showcase its groundbreaking decentralised cloud technology to prominent investors, venture capitalists, and industry specialists.
With the popularity of decentralised technologies and blockchain, NexQloud wants to demonstrate how its platform makes use of unused computational capacity from commonplace gadgets. This ground-breaking method provides a safe, economical, and ecologically responsible substitute for traditional cloud computing.
Struggling for Attention and Funding
The Blockchain Life Startup Pitch competition is renowned for showcasing innovative ideas that might use blockchain technology and cryptocurrencies to completely transform industries. Rivals are rated according to criteria such team performance, business model, viability, and relevancy. Previous competition winners have experienced notable growth, obtaining substantial funding and acknowledgement from the industry.
“We’re excited to showcase NexQloud’s decentralised cloud platform, which not only cuts operational costs by up to 30% but also reduces carbon emissions by up to 40%,” said Mauro Terrinoni, CEO of NexQloud. Comparing this to conventional data centre models is based on internal testing. We have the ideal opportunity to interact with investors and business executives at this event.
Situated for Development in a Trillion-Dollar Sector
BusinessWire projects that the worldwide cloud computing market will reach a valuation of more than $1 trillion by 2027. Because of its decentralised business model, NexQloud is well-positioned to benefit from this market expansion. NexQloud’s platform integration of blockchain and tokenomics positions it to draw in hardware contributors and investors. Like early blockchain models like Bitcoin, the company’s NXQ token is designed to appeal to long-term investors and has a limited quantity of 21 million.
Concerning NexQloud
NexQloud provides decentralised cloud services that meet the increasing need for safe, reasonably priced, and environmentally friendly computing solutions by leveraging its unique layer one blockchain. Through the utilisation of underutilised computing resources around the globe, NexQloud establishes a very dependable, eco-friendly, and highly efficient distributed cloud network. This method offers companies a scalable, environmentally friendly substitute for conventional cloud services while reducing expenses and environmental effect.
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