Hollywood, La La Land, the glitz and the glam, decentralized cloud computing… wait.. What??
One of those seems out of place, doesn’t it?
Cudos has signed an agreement with HODL, a cryptocurrency themed TV drama series airing in 2022 and Sator, a new TV engagement platform set to launch very soon. HODL (Hold On for Dear Life) follows the journey of a young entrepreneur launching a new blockchain project and cryptocurrency, Aveer, named after the best friend who has disappeared.
So where does Cudos fit into this? Cudos’ parent company Cudo Ventures has spent the past 4 years developing and scaling a global distribution of computing power, with cloud service providers, gamers and miners contributing their spare computing power to the network in return for payments in multiple different cryptocurrency options including BTC, ETH, XMR and ALGO. With a mission to build the world’s largest distributed cloud computing platform by making better use of existing and often un-utilized hardware, Cudos has successfully created a profit making sustainable model, where any one or business can earn from the network. The Airbnb of computing power.
Next up on Cudo’s mission is the Cudos Network, a layer 1 blockchain and proof-of-stake network, providing decentralization to the overall ecosystem. With inherent scalability and cost issues within the blockchain space, use cases have thus far been limited to small data jobs such as DeFi transactions, NFT issuance and data oracle feeds. Compute intensive jobs such as zkSnarks and price prediction analysis still have to be processed on centralized hyperscale services, going against the grain of a decentralized technology and community. This is where Cudo differs, merging blockchain and cloud computing, marrying the benefits of blockchain with the significantly lower cost of cloud.
“There are many industries that are eager to utilize blockchain technology for security, efficiency and immutability reasons, but it is simply not affordable yet. The movie industry’s post production houses need huge CPU and GPU rich server farms to render the latest Hollywood blockbusters and the expense of buying, maintaining and managing these environments is often what drives them to use the hyperscale clouds instead. They pay more for hyperscale services than smaller cloud service provider environments, but they save time with the convenience of near unlimited scale. Decentralizing these enormous workloads and distributing the computing task out to suitable service provider environments federated across the network, provides the ideal solution for businesses not only in the movie world, but also in sciences, AI and video content streaming.” Matt Hawkins, CEO, Cudo.
When HODL airs in 2022, Cudo will showcase their mining application, Cudo Miner, in-episode and paying out in new TV fan engagement token, SAO, the native token of the Sator platform. Viewers of HODL will be able to download Cudo Miner and earn SATOR tokens from their spare computing power. These SAO tokens can then be used throughout the Sator platform and used to buy digital memorabilia from the series in the form of NFTs.
“Blockchain and crypto is on the cusp of mainstream adoption and in collaboration with HODL and Sator, we are determined to accelerate that adoption providing an upwards target of 50m people globally, with the tool to embrace the technology. Owning a unique or scarce digital collectible of your favorite show actor or maybe even the directors chair is extremely enticing to fans and the fact we now have the tech to be able to pay for that using your computing power is incredible. This is all about fan engagement and that is why we had no hesitation in partnering with HODL and Sator.” Pete Hill, VP of Sales, Cudo.
The collaboration goes even further with Cudo providing further ideas to fit into the HODL storyline. “We’re thrilled to integrate Cudo given our show’s authenticity. HODL reflects actual crypto life — all it’s drama and comedy. This stuff writes itself. Including real crypto brands, like Cudo, adds to show’s tapestry and truth,” reflects HODL writer and EP, Chris Martin.
What will this mean for the Cudos Network? No spoilers, this is Hollywood, so you’ll have to wait and see!
For Dear Life (“FDL”) token is issued by the U.S. television comedy series, Hold On For Dear Life (the “Series”). FDL tokens represent a pro rata share in net profits of the Series. www.watchHODL.tv
The Cudos Network is a layer 1 blockchain and layer 2 computation and oracle network being designed to ensure decentralized, permissionless access to high performance computing at scale and enable scaling of computing resources to 100,000’s of nodes. Once bridged onto Ethereum, Algorand, Polkadot, and Cosmos, Cudos will enable scalable compute and Layer 2 Oracles on all of the bridged blockchains.