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Crust Network

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Crust Network
Decentralized cloud storage provider
crust
Twitter
Medium
Categories:
Storage Network
Polkadot Parachain
Ecosystem:
Polkadot
Founded:
2020
Crust Network is a decentralized cloud storage provider designed to realize three core values: decentralization, privacy, and assurance. It supports multiple storage-layer protocols such as IPFS, and provides instant accessible on-chain storage functions to users. Crust's technical stack is also capable of supporting data manipulation and computing. nnCrust Network has three main functions: NFT and Metaverse Metadata storage, personal file storage, and Website/dApp hosting.
Crust Network Fundraising
Amount
--
Valuation
--
Date
Jul 10, 2023
Investors
DWF Labs
Series A
Amount
$3M
Valuation
$30M
Date
Sep 16, 2020
Investors
Chain Capital
SNZ Holding
LK Venture
KNS Group
KR1
NGC Ventures
IOSG Ventures
Waterdrip Capital
Digital Finance Group
Bitscale Capital
Lotus Capital
Origin Capital
Hash CIB
AU21 Capital
Investor
SNZ Holding
Chinese Mainland
KNS Group
Origin Capital
Chinese Mainland
AU21 Capital
United States
Zonff Partners
Chinese Mainland
Chain Capital
KR1
Britain
Lotus Capital
Hash CIB
Digital Finance Group
Chinese Mainland
WAGMi Ventures
Chinese Mainland
LK Venture
Chinese Mainland
Bitscale Capital
Russia
SevenX Ventures
United States
Chinese Mainland
Singapore
DWF Labs
Singapore
NGC Ventures
Chinese Mainland
Singapore
Waterdrip Capital
Crust Network Team
Stephen Shang
Co-Founder & CEO
Ludwig Trappe
Co-Founder & BD Leader
Bova Chen
Co-Founder
Crust Network Investment Portfolio
Rounds in the Past Year
0
Historical Rounds
1
Lead Investments
0
Portfolio Numbers
1
Matters Lab
Web3 social media platform
Funding Status
Pre-A
Region
Taiwan
Categories
SocialFi, Social, Publishing Platform, Social Media
Founded
Jan 01, 2021
Token Issuance
No Token
Scan QR Code to Explore more key information

Crust Network

CRU

Crust Network
Decentralized cloud storage provider
crust
Twitter
Medium
Categories:
Storage Network
Polkadot Parachain
Ecosystem:
Polkadot
Founded:
2020
Crust Network is a decentralized cloud storage provider designed to realize three core values: decentralization, privacy, and assurance. It supports multiple storage-layer protocols such as IPFS, and provides instant accessible on-chain storage functions to users. Crust's technical stack is also capable of supporting data manipulation and computing. nnCrust Network has three main functions: NFT and Metaverse Metadata storage, personal file storage, and Website/dApp hosting.
Crust Network Fundraising
Fundraising Event
RoundAmountValuationDateInvestors
------Jul 10, 2023
DWF Labs
Series A$3M$30MSep 16, 2020
Chain Capital
SNZ Holding
LK Venture
KNS Group
KR1
NGC Ventures
IOSG Ventures
Waterdrip Capital
Digital Finance Group
Bitscale Capital
Lotus Capital
Origin Capital
Hash CIB
AU21 Capital
Investor
SNZ Holding
Chinese Mainland
KNS Group
Origin Capital
Chinese Mainland
AU21 Capital
United States
Zonff Partners
Chinese Mainland
Chain Capital
KR1
Britain
Lotus Capital
Hash CIB
Digital Finance Group
Chinese Mainland
WAGMi Ventures
Chinese Mainland
LK Venture
Chinese Mainland
Bitscale Capital
Russia
SevenX Ventures
United States
Chinese Mainland
Singapore
DWF Labs
Singapore
NGC Ventures
Chinese Mainland
Singapore
Waterdrip Capital
Crust Network Team
Stephen Shang
Co-Founder & CEO
Ludwig Trappe
Co-Founder & BD Leader
Bova Chen
Co-Founder
Crust Network Investment Portfolio
Rounds in the Past Year
0
Historical Rounds
1
Lead Investments
0
Portfolio Numbers
1
ProjectFunding StatusRegionCategoriesEcosystemFoundedToken Issuance
Matters Lab
Pre-A
Taiwan
SocialFi
Social
Publishing Platform
Social Media
Jan 01, 2021
No Token
Powered by
Crust Network
CRU
$0
-1.07%
Total dollar volume24H
$247,164
High24H
0.07538 USDT
Low24H
0.07056 USDT
Market Cap
#1029$1,943,862
FDV
$2,548,424
Market Cap / FDV Ratio
0.76
Turnover rate
12.72%
Circulating supply
26,716,087
Total supply
35,025,067
Max supply
∞
All time high
180.3 USDT
All time high date
Apr 12, 2021
Down from All time high
-99.96%
Cycle low
0.06178 USDT
Cycle low date
Apr 27, 2025
Up from cycle low
17.77%
Official links
Website
White paper
Socials
Twitter
Telegram
Reddit
Discord
Facebook
Introduction

What is Crust Network?

Crust Network provides a decentralized storage network and cloud solutions for both, the Web 3.0 as well as Web 2.0 ecosystem and is build on Polkadot’s Substrate framework. It provides an unique incentive layer for the IPFS protocol and utilizes blockchain technology to enhancesecurity, privacy, performance and ownership of data.


How does the roadmap look like?

The mainnet launched on the 1st of September 2021 and currently holds a storage capacity of around 2,300 PetaBytes provided by more than 7,000 individual nodes.

Crust Network already integrated with many blockchains and provides a fully decentralized storage layer for Ethereum, BSC, Polygon, Solana, Near, Elrond, Heco and others. In the future Crust will implement its storage services for even more networks in order to provide its storage solutions for every ecosystem. Some of the biggest blockchain projects already use Crust Network to store their data or host their websites and dApps via Crust’s infrastructure. These for example are Uniswap, AAVE or Polkadot Apps. In future, Crust Network is thriving to provide even more services for the Web3 and Web2 landscape for projects and companies to utilize and to build on. Crust's architecture also has the capability of supporting a decentralized computing layer and building a decentralized cloud ecosystem.

Crust Ecosystem and Use Cases:

• Providing the technical infrastructure for the Metaverse

• Mint, Store and exchange NFTs fully decentralized

• Hosting of Websites, dApps, Video streaming and more

• Web 3.0 Gaming and decentralized social media

• Personal Cloud storage to access your data from anywhere

• File sharing and streaming services


What are the CRU token utilities?

Crust ($CRU) is a utility token within the Crust ecosystem which serves many different utilities. The most important utilities and functionalities of the CRU token are listed below:

• Staking to maintain GPoS consensus

• Collateral for storage providers to provide storage services

• Used to cover transaction fees

• Purchase storage or other cloud services

• On-Chain governance mechanism


Can I try Crust Networks storage solution?

Yes, you can enjoy the benefits of our networks in many ways. For example you can upload files to a fully decentralized Web 3.0 cloud solution on crustfiles.io where you can keep your data safe and always accessible. Just sign in with your Crypto wallet and enjoy storing your files in the

easiest and most secure way possible. For NFT lovers, artists and collectors we also offer a decentralized NFT market platform where users can mint, store, trade and display their NFTs on a 100% decentralized infrastructure. Feel free to try out our NFT dedicated application on switchswap.io


How does Crust network compare to traditional cloud services?

Compared to traditional and centralized storage providers like AWS, Google, Azure or Alibaba Cloud, Crust Network offers many advantages due to its decentralized infrastructure:

Availability: Crust eliminates the “Single-Point-of-Failure” dilemma and the risk of downtime by on average creating 80 replicas distributed over individual nodes in the network. This maintains a high level of redundancy to keep your data always available and accessible.

Security: High resistance against DNS hijack attempts or DDOS attacks. Additionally all data is encrypted by the IPFS protocol as well as Crust’s TEE mechanism. Not even node operators or any other centralized organisation can access or tamper user data.

Performance: Due to many replicas on many nodes all over the world you can retrieve your files without any server-side bottlenecks. Data can be sourced and processed from many nodes at the same time to realize many benefits in regards of performance.

Costs: Cloud storage costs on Crust Network are only 25-50 % of the costs compared to traditional Web 2.0 products on a centralized infrastructure. (Compared to

AWS S3 Cloud Server)


Can I start mining Crust?

Crust network is a public and totally permission-less network that everybody can join at any time. Thanks to our MPoW (Meaningful Proof of Work) mechanism there is no need for expensive and energy consuming GPUs or high-end CPUs. All you need is a reliable internet connection, a CPU with TEE functionality and some free storage. For more information please refer to: https://wiki.crust.network/docs/en/nodeOverview

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