Norwegian Background
Iagon is a project on the Cardano blockchain with Norwegian roots, both with a company located at Fornebu and funding support by Innovation Norway and the Norwegian Skattefunn program and now collaborating with NBX. It was initially launched on Ethereum, but Iagon announced in December 2022 that it was going entirely to the Cardano blockchain.
A marketplace for decentralized storage and compute resources
The concept behind Iagon is to tap into the vast, underutilized storage and computing capacity available globally while still adhering to regulatory standards in a decentralized manner. To illustrate, imagine harnessing the processing power of graphics cards worldwide to perform advanced AI computations, which could result in a supercomputer that rivals the computing power that runs chatGPT. Furthermore, Iagon aims to leverage the untapped storage capacity of individual users in a way that complies with GDPR, making it an attractive and competitive option for storage provision.
The current status of the Iagon project
Iagon is launching a storage marketplace that rewards storage providers for trading their excess storage to resource consumers at a transparent price while ensuring data privacy, security, and accessibility. You can find more information about this in the Iagon documentation. The company has already released the storage component, allowing users to upload and download files through decentralized storage by connecting their Cardano Wallets. Recently, Iagon has updated its Cardano tokenomics with ada handles for the various Iagon token accounts, making it clear which tokens are associated with which use cases, such as iagon.ecosystem for its Ecosystem development fund. To learn more about the company's plans, you can refer to its 2023-2025 roadmap. Additionally, the Iagon CEO gave a presentation during the Cardano Summit 2022, which provides a comprehensive overview of the Iagon project for those who are interested in learning more.
Iagon and Norwegian Block Exchange - Liquidity pool
On March 30th, NBX announced a partnership with Iagon to operate a staking pool on behalf of the company. This staking pool supports Iagon's liquidity program and enables users who delegate ADA to receive Iagon tokens as rewards. To participate, simply delegate your ADA to the IAGL1. Your address will then be tracked for Iagon token rewards. For more information, you can refer to this post. You can find more details in the same post if you want to earn additional rewards through the liquidity pool program.
