Multicoin led the investment, and the Web3 native computing platform "Fluence" will be decentralized AWS
With the rise of DeFi, Metaverse, NFT, GameFi, and the entire encryption market, the requirements for data storage, calculation, and transmission are getting higher and higher, and the market's attention to the underlying computing platform has also increased.
Recently, Fluence, a Web3-native computing platform, received $9 million in financing, led by Multicoin Capital, with participation from Alameda Ventures, Tiger Global, Protocol Labs, Arweave Capital, Polymorphic Capital, OP Crypto, Signum Capital, and UOB Venture Management.(Note: Multicoin Capital has also invested in several Web3 computing/storage projects including Arweave, Livepeer, The Graph and Render Network.)
Fluenceis an open source, permissionless, decentralized platform and development kit for building, hosting, and running peer-to-peer (p2p) applications and protocols, with the goal of becoming a decentralized and permissionless AWS Lambda.(Note: AWS Lambda is part of Amazon's cloud computing service, which provides computing services, runs incident response code, and automatically manages computing resources.)
Fluence can read data from any public data source (IPFS, Filecoin, Arweave, Ceramic, Ethereum, Polygon, Solana, Flow, etc.), perform computations on it, and store the newly computed data back into any repository.
It uses a custom programming language called Aqua - designed for building distributed systems in a trustless environment and managing execution on a p2p network. Application developers can use Aqua to create custom p2p algorithms for data replication, computation verification, failover, and load balancing. In addition to scalable computation, this makes the design space of p2p systems easier to build and seamlessly compose with each other.
According to the official introduction, Fluence is suitable for the following requirements:Need to be verified in the public domain; no single point of failure; need to be resistant to censorship; data is too cumbersome to be placed directly on the blockchain, but the output of the calculation must be stored in the public ledger.
Specifically, Fluence can be used in the following application scenarios:
On-chain voting:Users sign transactions and send them to the Fluence network, which calculates and aggregates all votes and submits the final vote on-chain.
Mutable NFTs:game:
game:As more and more games use tokens and NFTs, the amount of calculation is increasing, and most of them are done in a centralized way (such as Axie Infinity). However, players' need for calculation transparency will grow over time, and game designers can offload these calculations to Fluence.
Smart contract automation:Fluence can execute the full suite of functions required by DeFi and DAOs, including limit order execution, automated liquidity supply management, liquidation of protected debt positions, DAO proposal execution, and software updates.
Cross-chain computing:Automatically transferring assets from one chain to another requires workers to detect events (e.g., token transfers or NFT burns) on the initial chain, generate corresponding data, and send the resulting transaction to the other chain , where the asset is minted.
Oracles (Oracles):Since Fluence provides a full-featured framework for creating decentralized systems, it can be used to create sub-networks driven by consensus or any other data validation model. Developers can build sub-networks to provide on-chain data sources and apply custom trust models.
Off-chain P2P coordination and multi-signature wallets:Fluence provides a powerful foundation for threshold signature setup and multi-party computation.
According to the official plan, Fluence will launch an on-chain market for hosting code and computing resources. Code authors will share hosting revenue based on the usage of their code modules. The code is immutable when uploaded, preventing malware from being inserted later, and as long as the modules are used and hosted, the dependencies will remain functional without the risk of being terminated by a centralized party. As developers upload more code, all of which are naturally combined using Aqua, the Fluence network becomes more robust.
"Fluence fulfills the ultimate dream of open source: getting paid to write high-quality open source code that others can use. This monetization model is at the heart of the Fluence ethos and will help reshape the way we think about value capture in open source systems .Since the emergence of open source code 30 years ago, developers have dreamed of this monetization model; Fluence is making it possible." The official introduction said.
In terms of governance, Fluence is currently community-driven. While the original code is developed and maintained by Fluence Labs, it has no governance authority over the network. Tokens have not yet been issued, but community governance is planned through tokens in the future.
