Crytech, a newly established company with decades long technical experience in supporting businesses IT systems, today announced their status as a Cudos validator. Founded in 2020, the original intention was to maximize the Ethereum bull market through mining activities, building quick returns. The outcome, to reinvest profits into specialist GPU rigs capable of running other compute intensive workloads including AI and video rendering.
“The team at Cudos really opened my eyes to the World of web3 and how much value there is in decentralisation. I feel there is a real opportunity to be part of a positive change in wealth distribution and driving a more sustainable computing model. We have seen how successful Airbnb and Uber have been in disrupting their respective markets. In my opinion, Cudo is doing the same for cloud computing and the Cudos network is adding further value by decentralizing cloud.” — Chris Howard, Founder, Crytech
With the more recent development of the Cudos network, a decentralised layer 2 validator network built on the Tendermint protocol, Crytech immediately committed to expanding their involvement in the Cudos ecosystem, announcing their commitment to become a Cudos validator, supporting alternative use case including Defi.
“Our relationship with Chris stretches back over 10 years, with his previous business providing support services to both my former business and Cudos. Following acquisition in 2020, Chris was quick to setup Crytech, wanting to not only remain involved, but to also add further value in our ecosystem. He has been a supporter of Cudos and the Cudos network from day 1 and we’re very pleased to have him onboard as a validator.” — Matt Hawkins, CEO, Cudo.
In essence, what this means is Cudos will be one of the few networks which can power other blockchains and scale to the demands of cloud computing required today.