Myrient’s shutdown reflects a common dilemma faced by nonprofit digital preservation projects in the AI era: a centralized storage model that relies on individuals fronting costs and on user donations is being squeezed out of the market by the hardware costs of AI infrastructure investments.
As the world’s largest decentralized storage network, Filecoin’s core design is to add an incentive-driven, persistent storage layer to IPFS—ensuring data security, verifiability, and freedom from centralized control.
From cultural archives to scientific research, petabyte-scale data has been stored on the Filecoin network.
For digital archives like Myrient, which depend on centralized servers and where individuals bear the costs, decentralized storage networks offer a fundamentally different approach to data preservation—potentially providing a more sustainable long-term storage solution amid fluctuations in hardware costs.
As the world’s largest decentralized storage network, Filecoin’s core design is to add an incentive-driven, persistent storage layer to IPFS—ensuring data security, verifiability, and freedom from centralized control.
From cultural archives to scientific research, petabyte-scale data has been stored on the Filecoin network.
For digital archives like Myrient, which depend on centralized servers and where individuals bear the costs, decentralized storage networks offer a fundamentally different approach to data preservation—potentially providing a more sustainable long-term storage solution amid fluctuations in hardware costs.