Total
0
Shares
Cloud Nine Web3 Technologies - CEO, Sefton Fincham.
CEO, Sefton Fincham.
Source: YouTube.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Cloud Nine (CNI) has released its Limitless Platform, a distributed network designed to share user resources
  • The initial product is a VPN where users trade unused computing power for secure internet access and better privacy
  • The company views the platform as a way to democratize infrastructure and generate revenue through accumulated computing power
  • Cloud Nine leverages Web 3.0 technology to enable the decentralized movement among consumers and businesses alike
  • Cloud Nine Web3 Technologies (CNI) is up by 15.71 per cent and is currently trading at $0.405 per share

Cloud Nine (CNI) has released its Limitless Platform, a distributed network designed to share user resources.

The initial product is a VPN where users trade unused computing power for secure internet access and better privacy. Versions for Windows, Mac, mobile, Xbox and Synology NAS will be available in the coming days.

Cloud Nine views the platform as a way to democratize infrastructure and ultimately cut costs for the company and its users.

Applications for computational power include network and storage sharing, proof of stake cryptocurrency mining, movie rendering and content delivery networks.

Forthcoming platform features include a referral network and peer-to-peer storage trading.

Sefton Fincham, Cloud Nine’s President, stated,

“I am tremendously excited with the extensive and successful completion of the beta testing and the launch of the VPN. The Limitless VPN provides users with private and secure internet access, while at the same time utilizes each user’s computing device to mine various cryptocurrencies. Blockchain enables the automation of trust and the decentralization of data.

As we build out the user base and network, we intend to launch additional services and technologies such as decentralized and private data storage offerings.”

Cloud Nine leverages Web 3.0 technology to enable decentralized movement among consumers and businesses alike.

Cloud Nine Web3 Technologies (CNI) is up by 15.71 per cent and is currently trading at $0.405 per share as of 9:59 am ET.

More From The Market Herald
The Market Herald Video

" Railtown AI Technologies (CSE:RAIL) announces CSE listing

Railtown AI Technologies (RAIL)  has completed its prospectus offering and listing on the Canadian Stock Exchange.

" DGTL Holdings (TSXV:DGTL) updates concurrent financing in Engagement Labs acquisition

DGTL Holdings (DGTL) has agreed to amend some of the conditions of its agreement with Engagement Labs.
Plurilock - CEO, Ian Paterson.

" Plurilock (TSXV:PLUR) announces fall 2021 product release

Plurilock Security (PLUR) has announced the availability of its fall 2021 product release.

" Siyata Mobile (NASDAQ:SYTA) launches VK7 vehicle accessory designed for use with the SD7 handset

Siyata Mobile (SYTA) has launched a new vehicle kit accessory that provides a unique solution for push-to-talk communication.